Common use of Rack vs Clause in Contracts

Rack vs. Barge Price Differential = with respect to the relevant delivery day, the price at which *****), less ***** expressed as a differential to a ***** calculated using the ***** prices effective on the day that the rack sale transaction is priced (which is based on the market closing price the ***** prior to the ***** at the rack). (a) Rack Costs include, with respect to the relevant delivery day, any rack fees paid to DCRC, a $*****/gallon rack sales administration fee paid ***** to bridge the period of time between ***** cash receipt on its rack sales and the payment timing of the standard ***** transaction.

Rack vs. Barge Price Differential = with respect to the relevant delivery day, the price at which *****), less ***** expressed as a differential to a ***** calculated using the ***** prices effective on the day that the rack sale transaction is priced (which is based on the market closing price the ***** prior to the ***** at the rack). (a) Rack Costs include, with respect to the relevant delivery day, any rack fees paid to DCRCPBF, a $*****/gallon rack sales administration fee paid ***** to bridge the period of time between ***** cash receipt on its rack sales and the payment timing of the standard ***** transaction.