Common use of Proportionate Adjustment Clause in Contracts

Proportionate Adjustment. In each case under this ------------------------ Article V in which a Coating Fee is specified per "Standard Ton," (a) the --------- Coating Fees for services to produce Reference Strip shall be calculated by multiplying the specified amount of Coating Fees times the actual number of Tons of product produced, and (b) the Coating Fees for services to produce any EG Product other than Reference Strip shall be calculated by multiplying the specified amount of Coating Fees times the product of the actual number of Tons of product produced times the Standard Ton Factor for such EG Product.

Appears in 3 contracts

Sources: Coating Agreement (Material Sciences Corp), Coating Agreement (Material Sciences Corp), Coating Agreement (Material Sciences Corp)