Netback Price definition

Netback Price shall have the meaning set out in Clause 7(b);

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Netback Price means the price obtained by DLMT in a sale of Raw Product and/or Finished Products, less Transportation Costs and/or T&F Costs that are reasonably incurred in connection therewith.

Netback Price means the price obtained by Buyer in a sale of Specification Product to third parties.

Examples of Netback Price in a sentence

• Production Sharing Gas Price for export will be valued at Netback Price.

• If Member fails to exercise its right to audit as provided in this Section 7 for any year, it shall be deemed to have waived any claim to dispute the Actual Netback Price paid for such year, unless Member has provided notice to RPMG of a claim to dispute the Actual Netback Price paid for such year.

• For Indexed Gallons, Member shall be charged monthly directly through a reduction in the Netback Price for any demurrage charges incurred by RPMG for railcars and other direct distribution expenses that result from actions taken by Member and that are not reflected in the Corridor Netback Model.

• Within ten (10) business days after the end of each month, RPMG shall furnish to Member a reconciliation of the Advance Rate to the Actual Netback Price or Net Fixed Price for the preceding month.

• On the other hand, if the Advance Rate paid was less than the applicable Actual Netback Price or Net Fixed Price owed to Member, then RPMG will pay Member the additional amount owed to Member within ten (10) days after the completion of the reconciliation.

• Each calendar month, RPMG shall estimate for Member (in good faith) the Netback Price per gallon of all Ethanol that RPMG has committed to sell to its customers through operation of the Corridor Netback Model and the Net Fixed Price per gallon of all Ethanol that RPMG has sold to its customers on a fixed price (the "Advance Rate").

• Any modification in the Advance Rate or Netback Price approved by the Corridor Committee shall be promptly presented to all contracting producers participating in the Corridor Netback Model.

• At the end of each calendar month, promptly after the information necessary to calculate the Netback Price becomes available, RPMG will calculate the actual Netback Price for the preceding month under the Corridor Netback Model to reflect the actual selling price for all Indexed Gallons sold during the month and the actual expenses incurred during the period (the "Actual Netback Price") and RPMG will calculate the actual Net Fixed Price.

• If the Advance Rate paid to Member exceeded the applicable Actual Netback Price or Net Fixed Price, Member will refund to RPMG the overpayment within ten (10) days after receipt of the reconciliation.

• The Corridor Netback Model shall be used in calculating netback payments to Member and other LLC members and non-member participants in the Corridor Netback Model for all Ethanol sold by RPMG on behalf of Member, all other LLC member participants and non-member participants in the Corridor Netback Model (the "Netback Price").

More Definitions of Netback Price

Netback Price means the price obtained by WPC in an arm's length sale ------------- of NGLs to a third Person who is not an Affiliate of WPC less Transportation Costs and/or T&F Costs that are reasonably incurred in connection therewith. WPC Deficiency Quantity shall have the meaning specified in Section 14.1 ----------------------- hereinafter. New Taxes shall mean any Taxes enacted and effective after the Effective --------- Date, including that portion of any Taxes or New Taxes that constitutes an increase either in rate or breadth of coverage. NGL shall mean Raw NGL Mix, if delivered to WPC from a gas processing --- plant, or Fractionated NGLs, if delivered to WPC from a fractionator. Normal Butane shall mean a liquid hydrocarbon stream which meets the ------------- specifications set forth in Exhibit "A". Offspec NGLs shall have the meaning specified in Section 7.1 hereinafter. ------------ Party shall mean individually either CUSA or WPC (including their ----- respective successors and permitted assigns); collectively, the "Parties." ------- Person shall mean any individual, corporation, partnership, limited ------ liability company, association, joint venture, trust, or other organization of any nature or kind.

Netback Price means the Contract Price less Seller's Unit Transportation Costs; (ee-1) "Reassignment Date" means the earlier of (i) the date that the temporary assignments referred to in the definition of Seller's Transportation have terminated and Seller's Transportation has reverted to SDG&E, and (ii) the date that all of Seller's Transportation has been reassigned by Seller to SDG&E pursuant to this Agreement.

Netback Price means the price obtained by WPC in an arm's length sale of Refinery Products to a third Person who is not an Affiliate of WPC less Transportation Costs and/or T&F Costs that are reasonably incurred in connection therewith. WPC Deficiency Amount shall have the meaning specified in Section 14.1 hereinafter.

Netback Price means (i) the Arithmetical Monthly Average Price for the relevant Component of the Subject NGLs, if UPFUELS resells such Components at an NGL Market Center or (ii) the price obtained by UPFUELS in an arm's-length sale of Subject NGLs to a third Person at a location other than an NGL Market Center, less (a) reasonably incurred direct T&F Costs (including, as applicable, Mont Belvieu or Conw▇▇ ▇&▇ Costs) necessary to transport such NGLs to, or fractionate them at, the point of resale by UPFUELS, (b) all other reasonably incurred direct costs and expenses (including but not limited to the Marketing Fee, if applicable) necessary to transport, fractionate or market such NGLs to, or fractionate them at, the point of resale by UPFUELS.

Netback Price means for each cargo [***].