Rack Price definition

Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as applicable, in effect at the terminal of origin for its wholesalers as of the time and date of delivery to Purchaser. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as applicable, in effect at the terminal of origin for its wholesalers as of the time and date of delivery to Purchaser; provided that in the case of Product purchased from Road Ranger, L.L.C., the “Rack Price” shall mean the “Gasoline Cost” or “Bio Cost,” as each such term is defined in that certain Road Ranger Fuel Supply Agreement between Purchaser and Road Ranger, L.L.C., dated as of [ ], as of the time and date of delivery to Purchaser. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Rack Price means the “Gasoline Cost” or “Bio Cost,” as each such term is defined in that certain Road Ranger Fuel Supply Agreement between Purchaser and Road Ranger, L.L.C., dated as of [ ], as of the time and date of delivery to Purchaser. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Examples of Rack Price in a sentence

  • Purchaser shall pay Supplier the Rack Price, as hereinafter defined, for its purchases of the Product, plus (i) all applicable taxes, fees and governmental surcharges, and (ii) four and one-half cents ($0.045) per gallon.

  • The adjustment +/- differential (difference between the price and the daily OPIS price Los Angeles Rack Price without CAR cost reported by OPIS for Unbranded Fuel) shall remain firm for the entire term of the Contract.

  • The Contractor may be assessed a price increase or decrease for asphalt concrete mix placed under this contract, if the Monthly Asphalt Binder Rack Price (MABRP) for the PGAB specified differs by $10.00 or more per tonne of PGAB, from the month prior to the month in which this tender closes and the month(s) in which the paving/repaving work is performed.

  • All invoices must show the Contract pricing formula: OPIS PAD District 5 Los Angeles Regional Rack Price +/- Adjustment/Differential = Total Price per Gallon.

  • Contractor shall submit a legible copy of the price published in OPIS (Oil Price Information Services) - Los Angeles Unbranded Rack Price without CAR Cost report.

  • Distributor shall be entitled to a discount of one percent (1%) of the Branded Rack Price of all Products as to which payment is timely made by Automatic Draft pursuant to the foregoing provisions of this Subsection ▇.

  • Purchaser shall pay 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 following provides, for illustrative purposes, an example of the above-described adjustment: A= $ adjustment to Transportation Price CRP= Current Average Rack Price BRP= Base Average Rack Price A= [_ _ _ _] x $[ _ _ _ _ ] A= (([ _ _ _ _ ]-[ _ _ _ _ ])/[ _ _ _ _ ]) x $[ _ _ _ _ ] A= increase of $[ _ _ _ _ ] to the Transportation Price *CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

  • If, in the sole opinion of ▇▇▇▇▇▇▇▇, the financial condition of Distributor becomes impaired or unsatisfactory, Distributor shall, if required by ▇▇▇▇▇▇▇▇, prepay before delivery, in cash, the Branded Rack Price of, and Taxes relating to, any Products purchased by Distributor under this Contract thereafter or furnish security in a form and in an amount satisfactory to ▇▇▇▇▇▇▇▇ before any further deliveries are made hereunder.

  • The following provides, for illustrative purposes, an example of the above-described adjustment: A= $ adjustment to Transportation Price CRP= Current Average Rack Price BRP= Base Average Rack Price A= [_ _ _ _] x $[ ] A= (([ _ _ _ _ ]-[ _ _ _ _ ])/[ _ _ _ _ ]) x $[ ] A= increase of $[ _ _ _ _ ] to the Transportation Price <PAGE> WITH THE COMMISSION.


More Definitions of Rack Price

Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as applicable, in effect at the terminal of origin for its wholesalers as of the time and date of delivery to Purchaser. 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. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Licensee Supplier or any other discounts allowed by law, and Licensee Supplier shall use its commercially reasonable efforts to make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that ▇▇▇▇▇▇▇▇▇’s ability to receive such discounts and rebates was material in Purchaser’s agreement to the payment terms herein. All prices charged by Licensee Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Licensee Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as applicable, in effect at the terminal of origin for its wholesalers as of the time and date of delivery to Purchaser. The term “Adder” shall mean (x) five cents ($0.050) per gallon during the period from the Effective Date through September 30, 2021 and (y) four and one-half cents ($0.045) per gallon at all other times; in each case unless the foregoing Adder is amended by mutual agreement of Purchaser and Supplier. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as
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Related to Rack Price