Loss Allowance. Because the Authority’s charges for power and energy established by its rate schedules are applicable at the Authority’s Niagara Switchyard, replacement power customers must pay for the replacement power and energy actually measured at their meters and the replacement power and energy lost in the process of delivery from the Authority’s switchyard. Except where adjustment for losses is specifically provided for, the billing arrangements herein accomplish this result without the application of any separate allowance for losses. Where adjustment of any contract demand for losses is provided for, the loss allowance for Niagara Mohawk’s system, exclusive of the marginal losses on the Bulk Power System as calculated by the NYISO or any successor thereto, shall be multiplied by the quantity “one minus the loss allowance established herein”. Such loss allowance was initially established as 0.5% (.005) of the amounts transmitted from the Niagara Switchyard, and this loss rate remains in effect under this Agreement. Such loss adjustments shall be in addition to the marginal losses established in the NYISO OATT and paid by the Authority under Special Provision I of this Exhibit B.
Loss Allowance. A deduction will be made to each monthly invoice to cover the actual crude losses occurring due to evaporation, interface, losses, and other normal losses during transportation for the period covered by the applicable invoice.
Loss Allowance. Due to normal operating losses which occur in receiving Products for storage, storing such Products and redelivering Products out of storage, CUSTOMER'S withdrawals from storage shall be limited to the percent of the Products delivered to LESSOR hereunder specified in Exhibit "A".
Loss Allowance. Due to normal operating losses which occur in receiving propane for storage, storing such propane and redelivering propane out of storage, Suburban’s Loss Allowance shall equal the percent of the propane delivered to Plains hereunder as is specified in Exhibit “A”.
Loss Allowance. For each type of Packaged Product, the parties will mutually determine an annual allowance for Bulk Product and other Client-supplied Materials that are not converted to Packaged Product (“Loss Allowance”). The Loss Allowance shall be adjusted in the event of any changes to the Specifications, including without limitation any changes to the Bulk Product. If the parties do not agree, PCI will determine a commercially reasonable Loss Allowance.
Loss Allowance. When a trawler is lost or burned during a trip, all crewmembers will receive a lump sum payment of One Thou- sand ($1,000.00) each, in full payment for loss of per- xxxxx items. Crewmembers may claim for loss of personal items left on a trawler between fishing trips should the trawler be lost or burned, such compensation to be limited to the value of the items proven to have been on board at the time of loss up to a maximum allowed in ARTICLE Bonded Stock The Company will ensure that the allowed amount of bonded cigarettes are put on board each trawler before the beginning of each trip. The cost to the crewmemberswill be for the cigarettes only and no additional fees or costs will be added for the Com- pany's inconveniencein picking up and putting the bonded stock on board. Company will ensure that each crewmember is issued his correct amount of bonded stock. ARTICLE Insurance Pensions The Company will continue to participate in the Fisheries Benefit Trust No. and as applicable. The Company will pay the full cost of Fifty Thousand Dol- lars ($50,000.00) life insurance including Accidental Death and Dismemberment on each crewmember. Vision care, maximum payment of One hundred and twenty dollars ($120.00) will be added to the extended health care benefits. The contribution of crewmembers will be main- tained at the amount effective October The Company agrees to maintain the level of benefits, major medical as of the date of this Agreement and week- ly indemnity at Two hundred and fifty ($250.00) per week. The contribution of crewmembers will be main- tained at the amount effective October A description of the benefit plan is set out in Schedule “E” for the benefit of the crewmembers. The description in Schedule “E” is not intended to be part of the Collective Agreement as benefits are subject to the policy. The Company agrees to establish a flat rate benefit pen- sion plan effective January for all crewmembers within the bargaining unit. Terms and conditions with respect to the pension plan are outlined in the pension plan document which will be attached to this Agreement as Schedule Crewmembers shall be credited service at a rate of per month per year of service. The basic year of service for crewmembers under the of the plan will be sea days. Effective January crewmembers shall be credited service at a benefit rate of twelve dollars ($12.00) per month per year of service. The parties will establish a Pension Board of Administra- tion comprised of two (2) r...
Loss Allowance. For each type of Packaged Product, the parties will mutually agree by […***…] on […***…] allowance for the […***…] for Bulk Product and other Client-supplied Materials that are not converted to Packaged Product (“Loss Allowance”). The initial Loss Allowance for each product shall be established after the first […***…] packaging lots following the validation campaign, instructed by data from such packaging lots. If the parties do not agree, PCI will propose a commercially reasonable Loss Allowance. If Client does not agree with such proposal, the Loss Allowance will be determined in accordance with the provisions of Section 18.10 below. The Loss Allowance shall be adjusted in the event of any changes to the Specifications, including without limitation any changes to the Bulk Product.
Loss Allowance. White Claw shall be responsible for the Loss Allowance related to the quantities sold under Section 3(a) and SFD shall be responsible to White Claw for any loss of Crude Petroleum in excess thereof.
Loss Allowance. Operator will be responsible for any normal handling losses in excess of one quarter of one percent (0.25%) of all Product received into the Terminal, the basis being the difference between truck receipt meter tickets NSV figures and Terminal pipeline meter ticket NSV figures. Losses and/or gains shall be calculated, valued and reported on a monthly basis. Settlements for losses and gains will be made promptly after the end of each calendar month and as of the termination of this Agreement. Operator, at its option, shall either replace or pay for all normal handling Product losses or gains in excess of the Loss Allowance. The price per barrel of such Product for purposes of this section 7 shall be the NYMEX CMA daily average settle quoted price for "Light Sweet Crude Oil" (excluding weekends and US holidays) for the month in which the losses and/or gains occurred.
Loss Allowance. Allowance for the loss of ingredients and raw materials for the production runs of the Bottled Product will be three percent (3%) (such percentage to be measured by comparing dollar value of scrap, discard or other loss to total dollar value of the materials in the relevant run). Packer will reimburse Company for (or absorb the cost of) the cost of raw material losses. Packer will use commercially reasonable efforts to operate in such a manner so there is as little scrap, discard or other loss of finished Bottled Product as possible. In the event of a loss in excess of the Allowable Scrap Percentage, Packer will reimburse Company for the weighted average value of such loss, based on Company’s actual costs of all Company Materials purchased throughout the Contract Year. Company acknowledges and agrees that Loss Allowance does not include non-conforming raw materials or initial startup. With respect to any ingredients or Company Materials that are perishable, Packer shall use commercially reasonable efforts to use such ingredients or Company Materials on a first-in, first-out basis.
