Price Step definition

Price Step means a Large Price Step or a Small Price Step as the case may be;
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Examples of Price Step in a sentence

  • These are the same as Example 1 and the Average Price Step 2 is $1.235/MBtu.

  • Within 30 days since receiving the interim payment by the Project Coordinator upon receiving and approving the AFFILIATE’s Progress Reports for Year 2 as mentioned in clause 2.3 of this AGREEMENT Payment 4: calculated as follows: Step 1 Actual costs incurred from month 25-36 Step 2 Sum of the payments = Actual costs incurred from month 1-36 plus 10% of the maximum Contract Price Step 3 Payment limited to 85% of the maximum Contract Price.

  • Within 30 days since receiving and approving the AFFILIATE’s Progress Reports for Year 1 as mentioned in clause 2.3 of this AGREEMENT Payment 3: calculated as follows: Step 1 Actual costs incurred from month 13-24 Step 2 Sum of the payments = Actual costs incurred from month 1-24 plus 20% of the maximum Contract Price Step 3 Payment limited to 70% of the maximum Contract Price.