Examples of Cap Level in a sentence
During the term of this Master Contract the Container Royalty Cap shall be at the following levels: Effective Date Cap Level October 1, 2004 October 1, 2006 October 1, 2008 October 1, 2009 — 58 million tons — 63 million tons — 68 million tons — 73 million tons The Container Royalty Cap levels exclude containerized tons in the Port of Miami/Port Everglades upon which First and Third Container Royalties are each paid at the rate of 55 cents per weight ton.
During the term of this Master Contract the Container Royalty Cap shall be at the following levels: Effective Date Cap Level October 1, 2004 58 million tons October 1, 2006 63 million tons October 1, 2008 68 million tons October 1, 2009 73 million tons The Container Royalty Cap levels exclude containerized tons in the Port of Miami/Port Everglades upon which First and Third Container Royalties are each paid at the rate of 55 cents per weight ton.