Variable Cost Index definition
Variable Cost Index means the percentage increase or decrease in the “Iron and steel ▇▇▇▇▇ and ferroalloy production: Average Weekly Earnings of Production Workers” during the proceeding Contract Year published by the Bureau of Labor Statistics, If that information is not available at the beginning of the subsequent Contract Year, the Variable Cost per Ton for such Contract Year shall initially be based upon the rate of increase for the prior Contract Year and shall be reduced or increased, as the case may be, once that information becomes available.
Variable Cost Index means the percentage change in the “Iron and steel ▇▇▇▇▇ and ferroalloy production: Average Weekly Earnings of Production Workers, Series ID CEU3133110030,” as published by the Bureau of Labor Statistics. The calculation shall be based upon the simple monthly average of the most recently available actual data for the twelve (12) month period preceding the applicable Contract Year. (See Exhibit A—Variable Cost Index Calculation Example.)
Variable Cost Index means the increase or decrease annually of the Variable Cost per Ton of Coke as determined with the following formula: i. [***] percent [***] multiplied by the cumulative percentage change (which may be a positive or negative amount) in the Employment Cost Index (Employment Cost Index: Total compensation for private industry workers in the Midwest Census Region; Series CIU2010000000230I; as published by the US Bureau of Labor Statistics), as measured from the third quarter of the then current calendar year to the third quarter of 2025; plus ii. [***] percent [***] multiplied by the cumulative percentage change (which may be a positive or negative amount) in the Producer Price Index by Commodity: Final Demand: Final Demand Less Food and Energy (Series PPIFES); as published by
Examples of Variable Cost Index in a sentence
Thereafter, the Variable Cost per Ton of Coke is subject to increase or decrease annually based upon the Variable Cost Index.
Beginning January 1, 2012 and each January 1st thereafter through the Term, the Variable Cost per Ton of Coke is subject to increase or decrease annually based upon the Variable Cost Index.
Beginning January 1, 2012 and each January 1st thereafter throughout the Take or Pay Term, the Variable Cost per Ton of Coke is subject to increase or decrease annually based upon the corresponding percentage increase or decrease in the Variable Cost Index.