Reference Strip definition
Examples of Reference Strip in a sentence
Such additional Coating Fee shall be prorated among the Primary Purchasers and MSCWC in accordance with the number of Tons of Reference Strip produced for each of them during the particular ZnNi production run.
Beginning on June 30, 1999 and continuing through June 30, 2001, the Partnership will determine the percentage increase or decrease of the Reference Strip Ton Rate by calculating (i) the difference between the Reference Strip Ton Rate for the current June 30 and the Reference Strip Ton Rate for the prior June 30 divided by (ii) the Reference Strip Ton Rate for the prior June 30.
Tolls for Core Services other than Reference Strip shall be proportionately adjusted in accordance with the past practices of the Partnership, as illustrated for four products in Exhibits I through IV of Schedule 4.01.
If such percentage change is positive and greater than 5%, the Partnership shall increase the toll for Coating Services for a Reference Strip ton for the next 12 month period, effective as of the July 1 of such 12 month period, by an amount equal to the difference between (w) the Reference Strip Ton Rate for the current June 30 and (x) 1.05 times the Reference Strip Ton Rate for the prior June 30.
If such percentage change is negative and greater than 5%, the Partnership shall decrease the toll for Coating Services for a Reference Strip ton for the next 12 month period, effective as of the July 1 of such 12 month period, by an amount equal to the difference between (y) .95 times the Reference Strip Ton Rate for the prior June 30 and (z) the Reference Strip Ton Rate for the current June 30.