Daily Average Sample Clauses
The 'Daily Average' clause defines how an average value is calculated over a set period, typically on a per-day basis. In practice, this clause might specify that certain quantities, such as usage, production, or costs, are to be averaged across each day within a defined timeframe, ensuring that fluctuations are smoothed out and a representative figure is used for contractual purposes. Its core function is to provide a fair and consistent method for measuring or billing variable amounts, thereby reducing disputes and ensuring clarity in performance or payment obligations.
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Daily Average. The Affected Unit(s) Daily Average shall then be multiplied by the number of days covered in the Excuse event to arrive at the excused tons. The excused tons shall reduce on a pro-rata basis the quantities contained in the two pricing tiers specified in Section 5.02 based upon and subject to the Annual Maximum.
Daily Average. Water Level (or DAWL) means the arithmetic average of readings of water levels recorded in a day at the Cross Lake Gauge, adjusted to eliminate the effects of wind by using a 5 day moving mean, or a valid representative substitute for such readings, if such readings are unavailable or demonstrably in error, and described in Article 3;
Daily Average. The maximum allowable concentration in the discharge as measured in a representative sample during a sampling day.
Daily Average. The Affected Unit(s) Daily Average shall then be multiplied by the number of days covered in the Excuse event to arrive at the excused tons. The excused tons shall reduce on a pro-rata basis the quantities contained in the two pricing tiers specified in Section 5.02 based upon and subject to the Annual Maximum. Exhibit I sets forth examples of how the Parties intend for the foregoing calculations to be applied, including the actual calculation by the Parties resulting from the Buyer’s notice, dated October 9, 2014, of an Excuse event beginning September 28, 2014.”