Fuel Price Reporting Sample Clauses

Fuel Price Reporting. 4.7.1 The Seller shall report to the Purchaser on a monthly basis the Seller’s actual delivered fuel cost paid by the Seller, the quantity of fuel purchased and the weighted average delivered cost of fuel for all fuel purchased during a given month within ten (10) Business Days after the close of that month. The Seller’s report shall include its calculation of the Fuel Price Adjuster for the current month based on the foregoing information. 4.7.2 The Purchaser shall have the right, upon reasonable notice, to audit the Seller’s fuel procurement records and contracts for a period of one (1) year after such report is provided to the Purchaser. If the audit reveals a material error in the calculation of the Fuel Price Adjuster that resulted in an overpayment or underpayment by the Purchaser, the Seller shall refund to the Purchaser the amount of any such overpayment plus interest thereon from the date of overpayment at an annual rate equal to the Late Payment Rate in effect on the date any such overpayment was made, or Purchaser shall pay to the Seller the amount of any such underpayment.