Adder definition
Examples of Adder in a sentence
Additionally, with respect to Stations located in Massachusetts, Purchaser and its subsidiaries may purchase Product for such Stations from third parties so long as Purchaser provides an accounting of each gallon of Product purchased for such and pays Licensee Supplier an amount equal to the Adder for each such gallon purchased from third parties.
Purchaser shall pay Licensee Supplier the Rack Price, as hereinafter defined, for its purchases of the Product, plus (i) all applicable taxes, fees and governmental surcharges, and (ii) the Adder.
The term “Adder” shall mean six cents ($0.06) per gallon, unless the foregoing Adder is adjusted by mutual agreement of Purchaser and Licensee Supplier; it being understood that Purchaser shall consent in good faith to any adjustment proposed by Licensee Supplier due to an increase in its costs of performing services hereunder.