Process for Determination of Contractual Tonnage Figure Sample Clauses

Process for Determination of Contractual Tonnage Figure. The steps which Buyer and Seller shall comply with in order to determine the number of tons of Concentrates which shall constitute the Contractual Tonnage for each Contract Year are as follows: A. The Rolling Five Year Concentrates Requirements Forecast and the One Year in Advance Forecasted Quantity Requirement. Utilizing the Annual Budgeted Copper Grade and the Preliminary Estimated Analysis for copper which are furnished by Seller to Buyer on or before October 1 of each year in accordance with the provisions of Section 2.2, Buyer shall prepare and furnish to Seller on or before November 1 of each year (commencing with November 1 of the second calendar year preceding the expected commencement of the first Contract Year) with a Rolling Five Year Concentrates Requirements Forecast reflecting Buyer's forecast of the Concentrates requirements of the Project for the production of copper anode for the five (5) ensuing 12 month periods starting from the estimated commencement of the first Contract Year (which shall be changed to five (5) Contract Years immediately following the occurrence of the Mechanical Completion date). Because the first twelve month period of the first such Forecast covers a period of time prior to the commencement of production, no figures are necessary for such 12 month period. Based on the information available to Buyer as of the date of execution of this Agreement, Buyer's preliminary first Rolling Five Year Concentrates Requirements Forecast is as follows: ROLLING FIVE YEAR CONCENTRATES REQUIREMENTS FORECAST MAJOR ASSUMPTIONS: Assumed Date of Commencement of First Contract Year: December 1, 1998 % Cu in conc/(1) 31.0% Production Rate % Cu in anode 99.4% 1st year 75.0% of nominal year (2) Smelter Cu recovery rate 98.5% 2nd year 90.0% of nominal year 3rd+ year 100.0% FORECAST:
View SourceView Similar (2)

Related to Process for Determination of Contractual Tonnage Figure

  • Supervisory Differential Adjustment The Appointing Officer shall adjust the compensation of a supervisory employee whose compensation grade is set herein subject to the following conditions:

  • SUBMISSION OF THE MONTHLY MI REPORT 4.1 The completed MI Report shall be completed electronically and returned to the Authority by uploading the electronic MI Report computer file to MISO in accordance with the instructions provided in MISO. 4.2 The Authority reserves the right (acting reasonably) to specify that the MI Report be submitted by the Supplier using an alternative communication to that specified in paragraph 4.1 above such as email. The Supplier agrees to comply with any such instructions provided they do not materially increase the burden on the Supplier.

  • HHS Single Audit Unit will notify Grantee to complete the Single Audit Determination Form If Grantee fails to complete the form within thirty (30) calendar days after receipt of notice, Grantee maybe subject to sanctions and remedies for non-compliance.

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax under Section 4973 of the Internal Revenue Code for that year by withdrawing the excess contribution and its earnings on or before the due date, including extensions, of the tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may be subject to a 10% early distribution penalty tax if you are under age 59½. In addition, in certain cases an excess contribution may be withdrawn after the time for filing your tax return. Finally, excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years.

  • CERTIFICATION OF INDEPENDENT PRICE DETERMINATION By submission of this bid, the Bidder certifies, and in the case of a joint bid each party thereto certifies as to its own organization, that in connection with this procurement: A. The prices in this bid have been arrived at independently, without consultation, collusion, communication, or agreement for the purpose of restricting competition, as to any matter relating to such prices with any other bidder or with any competitor. B. Unless otherwise required by law, the prices which have been quoted in this bid have not been knowingly disclosed by the Bidder and will not knowingly be disclosed by the Bidder prior to opening, directly or indirectly to any other Bidder or to any competitor; and, C. No attempt has been made or shall be made by the Bidder to induce any other person or bidder to submit or not to submit a bid for the purpose of restricting competition.