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 quality adjustment for gravity, sulfur content, and acid content expressed in U.S. Dollars per Barrel, determined in accordance with Exhibit 3; and

Quality Adjustment means the alteration of any aspect of the

Examples of Quality Adjustment in a sentence

• A calculation performed at the end of the Performance Year as part of the Year-End Reconciliation process described in Section VI(5)(j) below, whereby the annual ACO quality score is used to determine the Year-End Quality Adjustment.

• For purposes of determining the Non-S&P CO2 Quality Adjustment Fees for each plant, the term “CO2 Content” shall mean the liquid volume percentage ratio of the Carbon Dioxide (“CO2”) to the ethane contained in the NGLs delivered hereunder.

• In addition to the Base Exchange Differential, as adjusted, Customer shall pay Processor a CO2 quality adjustment fee (“Non-S&P CO2 Quality Adjustment Fee”) for each Dedicated Plant as specified below in this Section 3.7.A (i).

• This price will consider the issued Monthly Seasonal Price, Milk Collection Fee, Fat Adjustment, Protein Adjustment and Quality Adjustment.

• 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.

• If the ratio of the methane to the ethane delivered hereunder in the NGLs is equal to or greater than two percent (2.0%) on a liquid volume basis, then Processor shall charge Customer or deduct from the payments due Customer hereunder an Excess Methane Quality Adjustment Fee equal to five cents ($0.05)* per Barrel of NGLs delivered at the Delivery Point at issue.

• This price will consider the issued Seasonal Price, Milk Collection Fee, Fat Adjustment, Protein Adjustment and Quality Adjustment as issued on the Seasonal Pricing Letter for that period.

• 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.

• As further specified in Exhibit Y, if Customer tenders NGLs to Processor with an methane to ethane ratio of 1.5% or more, Processor shall have no obligation to accept such NGLs. * The Excess Methane Quality Adjustment fee shall be increased by 1.3 times after the Primary Term, such increase to be applicable during and after the Option Term, if applicable.

• 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 90th+ percentile* 2 *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.

More Definitions of Quality Adjustment

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.

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;

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;