Location Differential definition

Location Differential is defined in Section 4.6;
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Location Differential means an amount paid or received (whether in money or in barrels of oil) under an exchange agreement that results from dif- ferences in location between oil deliv- ered in exchange and oil received in the exchange. A location differential may represent all or part of the difference between the price received for oil deliv- ered and the price paid for oil received under a buy/sell exchange agreement. Marketable condition means lease products that are sufficiently free from impurities and otherwise in a condition that they will be accepted by a pur- chaser under a sales contract typical for the field or area.
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Location Differential means the differential expressed in U.S. dollars per metric ton agreed upon annually for the Secondary Delivery Locations as defined in the Exchange Agreement. “Maximum Monthly Nomination” [*****] (between JCP and Dow Europe) Effective Date: June 30, 2004
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Examples of Location Differential in a sentence

  • Location differential means an amount paid or received (whether in money or in barrels of oil) under an exchange agreement that results from differences in location between oil delivered in exchange and oil received in the exchange.

  • Location differential values (also in a per-barrel basis) come from DOR’s Tax Division website: http://www.tax.alaska.gov/programs/oil/prevailing/marine.aspx.

  • Amend § 913.8 (d) to read as fol­ lows:(d) Location differential.

  • Location differential should be taken into consideration by policy makers in designing land related reforms.

  • The resulting figure shall be the uniform price for base milk of 4.0rate determined by multiplying the pounds of butterfat in producer milk al­ located to each class by the ap p ropriate butterfat differentials for such class as determined by § 1000.52, dividing by the total butterfat in producer milk, and rounding to the nearest fifth of a cent.§ 1000.74 Location differential to pro­ ducers.


More Definitions of Location Differential

Location Differential means the premium or discount in Inventory value when comparing price per barrel at the Inventory site to price per barrel at the published trading point, as reasonably determined by Administrative Borrower to reflect the premium or discount attributable to Inventory by virtue of its location.
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Location Differential means an amount paid or received (whether in money or in barrels of oil) under an exchange agreement that results from dif- ferences in location between oil deliv- ered in exchange and oil received in the exchange. A location differential may represent all or part of the difference between the price received for oil deliv- ered and the price paid for oil received under a buy/sell exchange agreement. Major Portion Price means the highest price paid or offered at the time of pro- duction for the major portion of oil produced from the same designated area for the same crude oil type. Marketable condition means lease products that are sufficiently free from impurities and otherwise in a condition that they will be accepted by a pur- chaser under a sales contract typical for the field or area. Net means to reduce the reported sales value to account for transpor- tation instead of reporting a transpor- tation allowance as a separate entry on Form ONRR–2014.
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Location Differential means the differential expressed in U.S. dollars per metric ton agreed upon annually for the Secondary Delivery Locations as defined in the Exchange Agreement.
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Location Differential for each barrel sold shall equal the Colonial Pipeline tariff differential between Houston, Texas and Xxxxx Springs, Louisiana in effect at the time of the applicable Excluded Transaction. Notes: Argus Quotes and Description GP08CP0P Gasoline 87 conventional Colonial cycle Quotes for M4 Sep 1 to April 15, M1 Quotes for April 16 to August 31 GPUSP303 Gasoline 87 conventional Colonial Cycle 9.0 RVP supplemental Quotes for M2 from April to September Schedule J-3 NY2-672959 PORTIONS OF THIS EXHIBIT DENOTED WITH THREE ASTERISKS (***) HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. SCHEDULE L Monthly Working Capital Adjustment To determine the Monthly Working Capital Adjustment for any month, Xxxx shall apply the following procedures:
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Related to Location Differential

  • Yield Differential has the meaning set forth in Section 2.14(e)(iii).

  • Interest Differential is defined in Section 3.4.

  • Differential is a salary allowance in addition to the basic rate or schedule based upon hours of employment.

  • Price Differential with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);

  • Excess valuation assets for a valuation period means, with

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Cost outlier means cases which have an extraordinarily high cost as established in 79.1(5)“f,” so as to be eligible for additional payments above and beyond the initial DRG payment.

  • Replacement Benchmark means a benchmark rate which is:

  • Generator Forced Outage means an immediate reduction in output or capacity or removal from service, in whole or in part, of a generating unit by reason of an Emergency or threatened Emergency, unanticipated failure, or other cause beyond the control of the owner or operator of the facility, as specified in the relevant portions of the PJM Manuals. A reduction in output or removal from service of a generating unit in response to changes in market conditions shall not constitute a Generator Forced Outage.

  • Assigned protection factor or "APF" means the expected workplace level of respiratory protection that would be provided by a properly functioning respirator or a class of respirators to properly fitted and trained users. Operationally, the inhaled concentration can be estimated by dividing the ambient airborne concentration by the APF.

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Affected System means an electric system other than the Transmission Provider’s Transmission System that may be affected by a proposed interconnection or on which a proposed interconnection or addition of facilities or upgrades may require modifications or upgrades to the Transmission System. Affiliate:

  • Unscheduled Outage means any outage that is not a “Scheduled Outage”. “Committed Time” shall mean, as to each Business Day, one hour before the trading session for that day is scheduled to open on the NYSE and one hour after the trading session on the NYSE for that day finally closes, but excluding the following periods of Scheduled Outage (defined below). A “Scheduled Outage” shall mean (1) those time periods from 12 AM Saturday to 6:00 AM Sunday each week and 11:00 PM to 12:00 AM daily, during which Computershare’s System maybe unavailable due to routine maintenance; and (2) any time period as to which Company has received prior notice. ≥99.5% <99.5% to ≥98% <98%

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Recovered tax increment value means, except as otherwise

  • Differential Deposit means data that reflects all transactions that were not reflected in the last previous Full or Differential Deposit, as the case may be. Each Differential Deposit will contain all database transactions since the previous Deposit was completed as of 00:00:00 UTC of each day, but Sunday. Differential Deposits must include complete Escrow Records as specified below that were not included or changed since the most recent full or Differential Deposit (i.e., newly added or modified domain names).

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Allocation Area means that part of a military base development area to which an allocation provision of a declaratory resolution adopted under section 16 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Apportioned Obligations has the meaning set forth in Section 5.2(b).

  • Designated Location means the agreed physical location identified in the applicable Notification Form at which where the server-based portion of the Application Software resides.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • CAFRA Centers, Cores or Nodes means those areas with boundaries incorporated by reference or revised by the Department in accordance with N.J.A.C. 7:7-13.16.

  • Affected System Operator means an entity that operates an Affected System or, if the Affected System is under the operational control of an independent system operator or a regional transmission organization, such independent entity. Affiliate: