Quality Adjustment definition

Quality Adjustment means the procedure of making an allowance for an observed quality change by increasing or decreasing the observed current or reference price by a factor or an amount equivalent to the value of that quality change.
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Quality Adjustment means the alteration of any aspect of the
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Quality Adjustment means the quality adjustment for gravity and sulfur content, expressed in U.S. Dollars per Barrel; And where, for purposes of (2) through (4) above:
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Examples of Quality Adjustment in a sentence

  • BUYER will require a Quality Adjustment to the invoiced quantity or payment amount when sample test results as reported by the Delivery Inspector indicate (i) water and sediment in excess of the allowable amount set forth in APPENDIX C (NO.

  • Maximum of Year-End Quality Adjustment as % of ETCOC for the Traditional Attribution Cohort 1.0% Total Possible Points Up to 20 Points Awarded for Reporting 0 Table 4: Scoring Methodology National (or Multi-State) Benchmark Points Awarded 90th+ percentile* 2 75th+ percentile 1.75 50th+ percentile 1 25th+ percentile 0.25 <25th percentile 0 *In the event 90th percentile benchmarks are not available for any measure, two points shall be awarded for achieving the 75th percentile on such measures.

  • The PMT will meet no later than 14 calendar days after finalizing the Project Cost and Schedule Adjustments to attempt to agree upon a Quality Adjustment.

  • The ICL is at risk if the VTC is exceeded, the VTS is exceeded, and/or the Quality Adjustment is negative, but may also be increased, depending upon Project success, as described below.

  • During the Criteria Design Phase, the Parties will appoint an Independent Assessor to make the Quality Adjustment, if required.

  • Appointment of an Independent Assessor who will make the Quality Adjustment decisions under Section 9.5 if the Parties cannot reach agreement regarding the Quality Adjustment of the ICL or the proportion of ICL payable if Owner terminates for convenience under Section 16.1.2.

  • You agree to use commercially reasonable Quality Adjustment Detail reporting will be facilitated through the use of security procedures to safeguard the original checks, images and our Online Courier service if you elect to use that service.

  • Within 14 calendar days after Final Completion, the PMT will meet and adjust the ICL by first applying the Project Cost Adjustment per Section 9.3 and then the Schedule Adjustment under Section 9.4. If there is ICL remaining after these two adjustments, the PMT will meet within an additional 7 calendar days to consider and determine the Quality Adjustment per Section 9.5.

  • If the PMT does not reach consensus within 7 calendar days after the first Quality Adjustment meeting, any Party may demand in writing that the adjustment be made by Independent Assessment under Section 9.5.3.

  • Such payments will reflect the purchase price due Pioneer hereunder and any deductions therefrom, which may include but not be limited to Quality Adjustment Fees, and other charges due KHLP hereunder.


More Definitions of Quality Adjustment

Quality Adjustment means the quality adjustment for gravity, sulfur content, and acid content expressed in U.S. Dollars per Barrel, determined in accordance with Exhibit 3; and
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Quality Adjustment means the alteration of any aspect of the Access Rights of CRL (whether in relation to performance, the quality or condition of the Network, the liability of any person to any other person, or in any other respect) other than a Quantum Adjustment in a manner, which is not consistent with this contract;
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Quality Adjustment. As Received" shipment quality will be provided to LPM during the purchase period. Price adjustments due to quality deviations will be made on a monthly basis. The price adjustment for quality deviations will be based on monthly as received data and will result in a price adjustment as follows: Ash $0.75/ton for each full 1 LB/MMBTU in excess of 11 LB/MMBTU BTU/LB - Any barge shipment not meeting BTU min. spec. (11,500 BTU/LB) will be penalized $0.50/ton for each 50 BTU below this spec.
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Quality Adjustment means an adjustment to the change in price of an item whose characteristics change over time, designed to remove the contribution of the change in characteristics to the observed price change;
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Related to Quality Adjustment

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection. To qualify for such adjustment, Purchaser shall give written notice of the lost time not later than 30 days after end of Normal Operating Season in which time was lost and at least 10 days before Termination Date. Contracting Officer shall make prompt written acknowledgment of such notice, indicating concurrence with the number of days in the notice or the number of days Forest Service considers as qualifying for the adjustment. Lost portions of days shall be disregarded in computing time lost. The three circumstances qualifying for a Contract Term Adjustment are:

  • SOFR Adjustment means 0.10% (10 basis points).

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Corrective Measure The contractor shall repair any deficiencies to meet the performance guideline within warranty period.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • SOFR Adjustment Conforming Changes means, with respect to any SOFR Rate, any technical, administrative or operational changes (including changes to the interest period, timing and frequency of determining rates and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Administrator decides, from time to time, may be appropriate to adjust such SOFR Rate in a manner substantially consistent with or conforming to market practice (or, if the Administrator decides that adoption of any portion of such market practice is not administratively feasible or if the Administrator determines that no market practice exists, in such other manner as the Administrator determines is reasonably necessary).

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • Target Price means the estimated amount payable to the Contractor for the performance of the Work under a Cost Plus Fixed Fee (CPFF) Contract.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Lot line adjustment means the relocation of the property boundary line in a