Examples of Monthly Average in a sentence
The unit prices of liquid bituminous materials purchased from any award based on this specification will be subject to adjustment based on the following formula:Price Adjustment (Per Ton)=New Monthly Average F.O.B. Terminal Price–Base Average F.O.B.Terminal PriceXTotal Allowable Petroleum%Positive Price Adjustment number shall be added to original per ton Bid Price.
The unit prices of liquid bituminous materials purchased from any award based on this specification will be subject to adjustment based on the following formula:Price Adjustment (per gallon)New Monthly Average FOB Terminal Price -Base Average TerminalPrice Positive Price Adjustment number shall be added to original per gallon Bid Price.
The Quarterly Reward Interest (if any) will be calculated based on the Average Incremental Monthly Average Balance for the calendar quarter only and such interest will be credited quarterly on 1 January, 1 April, 1 July and 1 October of the year.
You will be entitled for the Quarterly Reward Interest when you have an incremental on the Monthly Average Balance of RM100.00 per month from January to March.
Monthly Average Discharge Limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month.