Freight Adjustment definition

Freight Adjustment means an increase or decrease in the applicable Quarterly Price or Final Quarterly Price for Product delivered pursuant to this Agreement in accordance with the formula set forth on Schedule 5 provided that the parties shall agree upon any adjustments to the Freight Adjustment every *** year after the year of the Effective Date.
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Freight Adjustment means, with respect to a Product, the amount, expressed as a percentage, obtained by multiplying (x) the amount obtained by subtracting 100% from the amount obtained by dividing the average Freight Index Amount during the Current Period by the average Freight Index Amount during the Base Period by (y) the Freight Percentage set forth opposite the applicable Product category below.
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Freight Adjustment means the Deemed Actual Cost of Freight for delivering crude oil to the Refinery less the Deemed Five Year Historical Average Cost of Freight for delivering crude oil to the refinery in U.S. dollars per barrel.
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Examples of Freight Adjustment in a sentence

  • Any Product delivered by Seller from within a Secondary Delivery Zone in accordance with the preceding sentence shall be subject to a Freight Adjustment.

  • No more than [****] after the end of each three-month period hereafter, Crown will provide to Supplier, in writing, the Quarterly Freight Adjustment for such three-month period, which Quarterly Freight Adjustment may be a positive or negative amount.

  • If any Quarterly Freight Adjustment is a positive number, then Supplier shall provide Crown with a credit against amounts owing to Supplier in the amount of such Quarterly Freight Adjustment, and if any Quarterly Freight Adjustment is a negative number, then Crown shall make a payment to Supplier, at the same time of payment of the next invoice from Supplier, in any amount equal to such Quarterly Freight Adjustment.

  • During any Harvest Year Purchaser may, upon five (5) days’ prior written notice to Seller, re-allocate the Obligated Volume among the Delivery Points, provided that if, as a result of such re-allocation, the haul distance from the harvested tract to the new Delivery Point exceeds ***road miles, an appropriate Freight Adjustment shall be made.

  • Name: Title: Promptly after the end of each calendar month, beginning with the first calendar month concluding after the date hereof, Crown will calculate the Monthly Freight Adjustment.