Average Gross Realization definition
Average Gross Realization means with respect to any month:
(1) The aggregate consideration actually received for all Production during the Month sold or transferred to or consumed by persons other than Related Entities, divided by the actual number of Tons of such Production; or,
(2) If during a Month more than half of all Production is sold or transferred to or consumed by Related Entities, the greater of (i) the Average Gross Realization determined under paragraph (a) (1) above or (ii) the amount of the highest Average Gross Realization in any of the twelve preceding Months.