JET Sample Clauses

JET. [---] where: PJ = price per physical barrel for the Month of Delivery for Jet, in $/gallon. JI = Index for jet fuel which shall be the simple average of the Friday high and low price assessments of West Coast Spot Pipeline price for jet fuel in Los Angeles as reported by Xxxxx'x Oilgram from the 21st of the second preceding Month to the 20th Day of the Month preceding Delivery expressed in $ per gallon. If Xxxxx'x Oilgram is not published or does not publish a high and low price for a particular Friday during the relevant period, the high and low prices for the closest preceding Day for which Xxxxx'x Oilgram publishes a price report will be used. TJ = Taxes applicable to the sale of Jet pursuant to Section 5.3 herein. Addendum No. 1 hereto contains an illustrative schedule of prices calculated pursuant to this Section 5.1
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