PPI. Contract prices are firm until September 14, 2017. The Price Adjustment Factor shall be calculated as set forth below in Xxxxxxxxx 0, Xxxxxxx to Calculate Price Adjustment Factor.
PPI. Contract prices are firm until September 14, 2016.
PPI. Contract prices are firm until January 14, 2023. The Price Adjustment Factor shall be calculated as set forth below in Paragraph 2, Formula to Calculate Price Adjustment Factor.
PPI. 3.05A In addition to the interest payable pursuant to Articles 3.01 and 3.02 above, provided either the PPI Tranche or the COVID-19 Tranche is drawn, the Borrower shall pay PPI according to this Article 3.05.
PPI. Each Paris Presents Incorporated and PPI Beauty is a person in the course of doing business for purposes of the Safe Drinking Water and Toxic Enforcement Act of 1986, California Health & Safety Code §§ 25249.6 et seq. (“Proposition 65”).
PPI. Towers will collect a data services fee in an amount established by Administrative Rule from the vehicle owner/operator of every released PPI tow. This amount will be billed monthly to the PPI Tower based on tow desk database information about releases.
PPI. CPS recognizes and acknowledges that Ball is an employee of PPI. Accordingly, CPS shall make all payments of compensation for the services rendered under this Agreement directly to PPI. PPI consents and agrees that Ball shall provide such services as an independent contractor to CPS and agrees to cause Ball to provide the services as described in this Agreement. 4.
PPI. Prairie Power, Inc. is a member-owned, not-for-profit electric generation and transmission cooperative, which produces and supplies wholesale electricity to 10 electric distribution cooperatives in central Illinois. PPI’s distribution cooperatives provide retail electric service to approximately 78,000 consumers within their local service territories. PPI is one of more than 60 generation and transmission (G&T) cooperatives that supply wholesale electricity to rural utilities in the United States. PPI owns and operates approximately 590 miles of transmission lines at 138 kV, 69 kV and 34.5 kV; 141 MW of oil and gas-fired peaking units; and 78 distribution and transmission substations to serve its members. PPI is also one of 9 public utility partners in the Prairie State Generating Company (PSGC), a limited liability corporation responsible for the ownership, construction and future operation of the Prairie State Energy Campus (PSEC). The PSEC is a 2 unit 1600 megawatt supercritical electric generation station scheduled to come on line in late 2012. Background on Take-or-Pay and Take-and-Pay Contracts Take-or-Pay Agreements: . Under the agreement, each participant is obligated to to make such payments whether or not Prairie State is operating or operable or its output is suspended, interrupted, interfered with, reduced, curtailed or terminated in whole or in part are not subject to any reduction whether by offset, counterclaim, recoupment. Under certain circumstances there are “step-up” provisions whereby that in the event of default of one of the participating members, the non-defaulting participants purchase a percentage of the defaulting participant’s share. Credit Strengths(for purposes of sustaining payments on the bonds): Participants are required to make payments regardless of unit operation Intended to protect against price volatility through the fixed price provision Step-up provisions are intended to guard against the default risk of the weakest participant Credit Weaknesses In the past, contracts have been repudiated (WPPSS case where courts determined that the agencies did not have the authority to enter into the contract). Agencies will have the contracts “court validated”. Communities can obligate under simultaneous take-or-pay contracts (worst case scenario of obligated under multiple contracts without receiving power and capacity) Step-up provision may be insufficient if the other entities are not able to assume the obligations of the defaul...
PPI. On or before February 15, 2012 and on or before each February 15 thereafter, subject to Article 5 and Sections 9.2 and 9.4 hereof, the portion of the Product Price applicable during the previous Contract Year exclusive of the cost of API and freight for the transport of API to the relevant Production Site (the “API Portion”) for such Contract Year for all SKUs of the Product ordered by Horizon during the current Contract Year shall be adjusted by a percentage equal to the percentage change in the Producer Price Index (Pharmaceutical Preparations, Mfg. ‘PCU325412325412’) published by the U.S. Department of Labor, Bureau of Labor Statistics (or such other index as the Parties may hereafter mutually determine) during the twelve (12) month period ending with the most recent month for which finalized published monthly statistics are available, and once such data is available for a given period, price increases will be retroactive to January 1 of the applicable Contract Year for any Product shipped after that date. For the avoidance of doubt, all adjustments pursuant to this Section 9.3(a), together with any other adjustments made pursuant to Article 5, Sections 9.2, 9.3(b) or 9.4, shall be cumulative.
PPI. Beginning in 2011, and in each year thereafter, the applicable Adjusted Base Price shall be increased or decreased by a percentage equal to [*****] percent ([*****]%) of the percentage increase or decrease (as the case may be) in the annual average Producer Price Index for All Other Basic Inorganic Chemical Manufacturing, as published by the Bureau of Labor Statistics of the United States Department of Labor (the “PPI”), during the previous year; provided, however, that the maximum percentage increase or decrease of the Adjusted Base Price during the Initial Term shall not exceed [*****]%. For clarity, the Parties agree that, in 2011, the PPI will reflect the change between the 2009 and 2010 PPIs. Each such increase or decrease shall be effective on the first day of June and shall be applicable to all deliveries of STF thereafter made by REDACTED VERSION PCS to MEMC through May 31 of the next year. This calculation is illustrated in Exhibit L. During the term of this Agreement, PCS and MEMC may mutually agree to substitute another nationally recognized index for purposes of making the calculation contemplated herein.
