Minimum Milk Price definition

Minimum Milk Price means, in respect of a Month during the Term, the price set out in Item 3 of the Details. Milk Statement means, in respect of a Month, a written statement of your milk supplied to DFMC during that Month that is to be given to you in accordance with clause 7(c). Month means calendar month.
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Examples of Minimum Milk Price in a sentence

  • Subject to the other terms of this Contract, DFMC will acquire all of your milk each Month for the Minimum Milk Price for that Month set out in Item 3 of the Details.

  • You will be charged the Gate Fees set out in Item 11 of the Details as a fee for the service of DFMC collecting your milk, which will be deducted from the Minimum Milk Price you receive in respect of a Month.

  • The conversion of the Minimum Milk Price to Cpl has been calculated on the assumption that the relevant litre of milk supplied will comprise 4.00% butterfat and 3.2% protein (Assumed Composition Levels).

  • In addition to the Minimum Milk Price, you will be paid a Productivity Incentive based on the total number of milk solids in your milk that you supply to DFMC each Month during the Term that complies with the Quality Standards.

  • The Dairy Code requires DFMC to provide you with a statement of justification for each Minimum Milk Price.

Related to Minimum Milk Price

  • Final Price means, with respect to a Security and an Auto-Call Valuation Date or the Valuation Date, subject to the Adjustment Provisions, the price of such Security as determined by the Calculation Agent as of the Valuation Time on the relevant Exchange on such Auto-Call Valuation Date or the Valuation Date, as the case may be.