OPERATING CHARGE. For each month of the Purchase Requirement Period Freeport shall determine an amount calculated in the same manner as the Operating Cost Reimbursement but excluding any vatting and melting costs. Such amount shall by multiplied by 105% and the product thereof divided by the number of tons of Felmont Main Pass Sulphur received by Freeport during such month. The amount thus obtained shall be the Operating Charge for such month.
Appears in 2 contracts
Sources: Processing and Marketing Agreement (Freeport McMoran Sulphur Inc), Processing and Marketing Agreement (McMoran Exploration Co /De/)