ADBC definition

ADBC means the Agricultural Development Bank of China.

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ADBC is based on the average coal price for coal available in the market within the Allowed Variation for the Design Basis Coal (as outlined in Table III-1 in this Appendix) sold by other mines in Tengnan Mine Area and includes the average transportation charge (“ATC”) for truck transportation, as determined by the Coal Expert, within 35 km of the Site. If the Parties can not agree on such ADBC price, they shall jointly appoint and share the costs of independent third party (the “Coal Expert”) to survey the cost for coals with a quality within the Allowed Variation for the Design Basis Coal sold by at least three (3) mines in the Tengnan coal field. The Coal Expert shall decide as an expert and not as an arbitrator. The Parties shall each have the right to make representations to the Coal Expert. The decision of the Coal Expert shall be final and binding on the Parties. If the Parties can not agree on the appointment of the Coal Expert, either Party may agree on the relevant body who is to appoint the Coal Expert, and if they are unable to agree on the appointing body, require CIETAC to nominate the appointing body or else appoint the Coal Expert. Until such appointment is settled, ADBC shall be the actual cost of coal purchased by the Company plus the Company’s actual transportation costs for such coal. If, after such dispute is resolved and the Coal Expert is appointed, if the Coal Expert determines that the Company overcharged Hai Hua for its coal purchases and or its coal transportation expenses, the Company shall refund to Hai Hua the difference between the ADBC or ATC, as the case may be, and the actual coal cost paid by the Company and, in addition to such sum, interest on such sum from the date payable until the date of actual payment at a rate of 0.1% a day. If the Coal Expert determines that the Company undercharged Hai Hua for its coal purchases and or its coal transportation expenses, Hai Hua shall pay to the Company the difference between the ADBC or ATC, as the case may be, and the actual coal cost paid by the Company and, in EXECUTION VERSION addition to such sum, interest on such sum from the date payable until the date of actual payment at a rate of 0.1% a day. The Parties agree, at the end of the first year after the Commercial Operation Date, to review the formula for Energy Fee as set out in this Appendix. If the formula does not operate as intended by the Parties in practice, the Parties agree to discuss in good faith and to amend the formu...

Examples of ADBC in a sentence

• The purpose of this Memorandum of Understanding is to establish the principles and the basis for increased cooperation between ADBC and AmCham with a view toward improving the Albanian business climate and increasing foreign direct investments in Albania.

• C) Collaboration between the staff of ADBC and AmCham with respect to any agreed upon joint promotional activities.

• ADBC and AmCham are voluntarily entering this Memorandum of Understanding as equals.

• It shall be understood that ADBC and AmCham are, and shall remain, independent entities and neither shall act as agent for the other.

• In the course of time, strengthened cooperation between these three centers resulted in the Association of Dutch Burn Centres (ADBC).

• ADBC and ▇▇▇▇▇▇ shall voluntarily work together to ▇▇▇▇▇▇ business growth, to better the business climate in and between Albania and the United States and to be an informational resource to promote such growth.

• The present Memorandum of Understanding may be modified at any time upon agreement between ADBC and the AmCham.

• One of the great milestones of the ADBC was achieved with the development and implementation of a common uniform database, the Dutch Burn Repository (DBR R3) in 2009.