Short Crude FIFO Position definition

Short Crude FIFO Position as of the end of the prior month (i.e., March 2012) shall equal the lesser of (x) zero and (y) the Commencement Date Crude Oil Volume minus the Target Month End Crude Volume as of the Commencement Date;
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Short Crude FIFO Position. (denoted as “K”) means, as of the end of any month, the lesser of (i) zero and (ii) the result of the following formula (with each variable determined with respect to such month):
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Short Crude FIFO Position. (denoted as “K”) means, as of the end of any month, the lesser of
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Related to Short Crude FIFO Position

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  • Permanent Position Any position which has required, or which will require the services of an incumbent without interruption, for an indefinite period.

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