Adjustment of the Price for Quality Sample Clauses

Adjustment of the Price for Quality. 7.1 The price of Biomass Fuel under Article 6 shall be adjusted pursuant to Article 7.2 through 7.8 so that the final price per MT payable by the Buyer to the Seller for each delivery shall be determined.
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Adjustment of the Price for Quality. The price of Biomass Fuel under Article 6 shall be adjusted pursuant to Article 7.2 through 7.8 so that the final price per MT payable by the Buyer to the Seller for each delivery shall be determined. Net Calorific Value (as received basis) There shall be no adjustment so long as the certified net calorific value (NCV) of Biomass Fuel is not less than (Guaranteed Specifications for NCV-50) kcal/kg and not more than (Guaranteed Specifications for NCV+50) kcal/kg. In the event that the certified net calorific value of Biomass Fuel is less than (Guaranteed Specifications for NCV-50) kcal/kg, the price per MT shall be reduced by the amount calculated by the following formula: (Amount of reduction) = (The DDP Price×0.7) × × Penalty In the above formula, “Y” is the certified net calorific value (kcal/kg) as received basis of Biomass Fuel as determined under Article 4. In the above formula, the “Penalty” is determined by the table below: 50< (Guaranteed Specifications for NCV – Y) ≤ 150 Penalty = 2.0 150< (Guaranteed Specifications for NCV – Y) ≤ 250 Penalty = 2.5 250< (Guaranteed Specifications for NCV – Y) Penalty = 3.0 In the event that the certified net calorific value of Biomass Fuel is in excess of (Guaranteed Specifications for NCV+50) kcal/kg, the Base Contract Price per MT shall be increased by the amount calculated by the following formula: (Amount of increase) = (The DDP Price × 0.7) × × 0.5 In the above formula, “Y” is the certified net calorific value (kcal/kg) - as received basis of Biomass Fuel as determined under Article 4 at the DDP Point. Sulphur (Dry basis) In the event that the certified total sulphur content exceeds Guaranteed Specifications for Sulphur, the price per MT shall be reduced by the amount calculated by the following formula: (Amount of reduction) = 3% of the (The DDP Price × 0.7) × In the above formula, “Y” is the certified sulphur content (%) as dry basis of Biomass Fuel as determined under Article 4. Ash(Dry basis) In the event the certified total ash content exceeds Guaranteed Specifications for Ash, the price per MT shall be reduced by the amount calculated by the following formula: (Amount of reduction) = 3% of the (The DDP Price × 0.7) × In the above formula, “Y” is the certified ash content (%) as dry basis of Biomass Fuel as determined under Article 4. Ash Fusion Temperature, IDT (reducing atmosphere) In the event the certified Ash Fusion Temperature, IDT is lower than Guaranteed Specifications for Ash Fusion Temperature,...
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Related to Adjustment of the Price for Quality

  • Economic Price Adjustment is the adjustment to the Aircraft Basic Price (Base Airframe, Engine and Special Features) as calculated pursuant to Exhibit D.

  • Adjustment of Purchase Price NUMBER AND KIND OF SHARES OR NUMBER OF RIGHTS. The Purchase Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Price Adjustments 17.1 Prices for Goods/Services supplied in terms of this Agreement shall be subject to review as indicated in the Schedule of Requirements/Works Order annexed hereto.

  • Adjustment of Number of Shares Upon each adjustment in the Warrant Price, the number of Shares of Series Preferred purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately thereafter.

  • Minimum Adjustment of Exercise Price No adjustment of the Exercise Price shall be made in an amount of less than 1% of the Exercise Price in effect at the time such adjustment is otherwise required to be made, but any such lesser adjustment shall be carried forward and shall be made at the time and together with the next subsequent adjustment which, together with any adjustments so carried forward, shall amount to not less than 1% of such Exercise Price.

  • Exercise Price Adjustment Whenever the number of Warrant Shares purchasable upon the exercise of the Warrant is adjusted, as herein provided, the Exercise Price payable upon the exercise of this Warrant shall be adjusted by multiplying such Exercise Price immediately prior to such adjustment by a fraction, of which the numerator shall be the number of Warrant Shares purchasable upon the exercise of the Warrant immediately prior to such adjustment, and of which the denominator shall be the number of Warrant Shares purchasable immediately thereafter.

  • Adjustment of Price The State shall adjust the total contract price by subtracting from the total contract price an amount determined in the following manner: The State shall cause the timber sale area subject to governmental regulation or order to be measured. The State shall calculate the percentage of the total sale area subject to the governmental regulation or order. The State shall reduce the total contract price by that calculated percentage. However, variations in species, value, costs, or other items pertaining to the affected sale area will be analyzed and included in the adjustment if deemed appropriate by the State. The State will further reduce the total contract price by the reasonable cost of unamortized roads Purchaser constructed but was unable to fully use for removing timber. A reduction in total contract price terminates all of the Purchaser's rights to purchase and remove the timber and all other interest in the affected sale area.

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • Adjustment of Purchase Price and Number of Shares The number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities or property receivable or issuable upon exercise of this Warrant) and the Purchase Price are subject to adjustment upon occurrence of the following events:

  • Adjustment of Purchase Price, Number and Kind of Shares and Number of Rights The Purchase Price, the number of shares of Preferred Stock or other securities or property purchasable upon exercise of each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

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