Common use of Pricing for Delivered Volumes Clause in Contracts

Pricing for Delivered Volumes. With respect to the volume of each grade of Crude Oil delivered by MSCG to TRC at the Delivery Locations and purchased by TRC on each Delivery Date hereunder (for each such day, the “Delivered Volume”), TRC shall, on the relevant Payment Date, pay to MSCG the product of (i) the Delivered Volume and (ii) the Price for such grade determined in accordance with Schedule 5 (the sum of such amount over all grades purchased on such Delivery Date, the “Daily Purchase Payment Amount”). The Daily Purchase Payment Amount shall be included on the Payment Amount Invoice delivered by MSCG on the relevant Payment Date for such Delivery Date.

Pricing for Delivered Volumes. With respect to the volume of each grade of Crude Oil delivered by MSCG to TRC PBF at the Delivery Locations and purchased by TRC PBF on each Delivery Date hereunder (for each such day, the “Delivered Volume”), TRC PBF shall, on the relevant Payment Date, pay to MSCG the product of (i) the Delivered Volume and (ii) the Price for such grade determined in accordance with Schedule 5 (the sum of such amount over all grades purchased on such Delivery Date, the “Daily Purchase Payment Amount”). The Daily Purchase Payment Amount shall be included on the Payment Amount Invoice delivered by MSCG on the relevant Payment Date for such Delivery Date.