Examples of Reference Contracts in a sentence
In order to expedite the completion of the auditor's work, the auditor may, if it so desires, provide a notice of acceptance or rejection as soon as it determines that a Reference Contract is eligible or ineligible without waiting for the completion of its evaluations of other Reference Contracts.
Step II - Trial By Court Reference (Contracts Secured By Real Property).
The provisions of subsection (d) governing how such calculations will be made shall also apply to the calculation of the weighted average figures for this group of eligible designated Reference Contracts.
If Buyer or Seller, in its good faith judgment, believes that it has three (3) or less eligible Reference Contracts satisfying all of the Contracts Criteria, such party shall designate all such Reference Contracts that it does have.
At the same time that Seller calculates and furnishes to the auditor the weighted average figures for its own eligible designated Reference Contracts, Seller shall separately calculate and furnish to the auditor (with a copy to Buyer) a weighted average figure for each of the above identified terms together with a brief explanatory report, taking into account all quantities covered by Seller's Current Settlement under (1) the Ertsberg Concentrate Agreement, plus (2) the MMC Concentrate Agreement.
If notwithstanding the submittal of such substitute Reference Contract(s) the auditor does not rule as eligible the full number of Reference Contracts for a party, then the remaining Reference Contracts which were submitted by such party and which are determined to be eligible shall be used exclusively in such party's weighted average determinations.
The auditor shall then issue to both parties a preliminary report reciting its determination as to each weighted average figure (including an explanation of any adjustments which it has made) for each of the three above described groups of Reference Contracts.
If a party whose Reference Contract(s) was (were) rejected has two (2) or more other concentrate purchase or sale agreements which it believes qualify as Reference Contracts, it shall be obligated to designate two (2) substitute Reference Contracts (with its first and second preferences indicated to the auditor).
For purposes of these Section 9.2(i) calculations, both of these contracts (including their successors as described in the definitions of such Agreements) shall be deemed to be eligible designated Reference Contracts.
Such calculations, the results thereof and a brief explanatory report of how each figure was determined shall be furnished to the auditor (with a copy sent to the other party) within five (5) Business Days following the completion of the auditor's rulings on all designated Reference Contracts.