Feedstock Cost definition

Feedstock Cost means the actual current month weighted average crude purchase and freight in cost per barrel for bow river crude, “U” crude, and “LY” crude (and any other crude actually used in the current month) plus the current month W▇▇▇▇ Cross Refinery Expenses per barrel for the current month total crude charge at the W▇▇▇▇ Cross Refinery multiplied by the total current month cat feed charge to the Hydrocracking Unit.
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Examples of Feedstock Cost in a sentence

  • Immediately upon the expiration or termination of this Agreement, (i) Owner shall review the records with respect to Owner’s Feedstock with Beacon, and (ii) Owner shall furnish Beacon with a written statement (the “Ending Feedstock Cost Certificate”) setting forth Owner’s Ending Feedstock Inventory and Owner’s Ending Feedstock Price.

  • Hydrocracking Process Agreement between Silver Eagle Refining–W▇▇▇▇ Cross Inc., a Utah Corporation (“Silver Eagle”) Genoil Inc., a Canada Corporation (“Genoil”) September 3, 2003 Exhibit C Feedstock Cost.

  • If Beacon elects to purchase Owner’s Ending Feedstock Inventory, Beacon shall be conclusively deemed to have approved the Owner’s Ending Feedstock Price, as set forth in the Ending Feedstock Cost Certificate, and Beacon shall not have any right to dispute the same.

  • Net profits will be determined by subtracting the Feedstock Cost and Operating Costs from the revenue generated by the actual product slate derived from the Hydrocracking Unit and Ancillary Items.