Solids definition
Examples of Solids in a sentence
If the Supplier is able to increase either or both of their Milk Solids in the Milk accepted by Bega during the Growth Incentive Period, the Supplier may be eligible for a Growth Incentive under this section 2.7. The Growth Incentive is calculated on any increase in either or both of the Milk Solids which are accepted by Bega in the Growth Incentive Period over and above the average of the relevant Milk Solids in such milk supplied during the previous two Financial Years (Growth Milk Baseline).
If the Supplier is able to increase either or both of their Milk Solids in Milk accepted by Bega during any calendar month in the Term compared to the Milk Solids accepted by Bega during the same calendar month in the previous Financial Year (New Milk Baseline), the Supplier will be eligible for a new milk incentive at the rates set out in Item 8 of the Details (New Milk Incentive).
The New Milk Incentive will be paid on the amount of Milk Solids in Milk which is accepted by Bega during each calendar month of the Term over and above the New Milk Baseline.
During the Term, Bega will pay the Supplier the Monthly Minimum Prices set out in Item 6 of the Details for Fresh Milk supplied to Bega, based on the Milk Solids of that Milk.