Common use of Working Capital True-Up Clause in Contracts

Working Capital True-Up. (a) Promptly after the end of each month, as part of the Monthly True Up described in Section 7.3(b), the Net Carrying Cost for that month shall be calculated. In the event that the Net Carrying Cost is positive, Coffeyville shall pay such amount to Supplier and in event the Net Carrying Cost is negative, Supplier shall pay such amount to Coffeyville. (b) For each day during a month, Supplier shall determine, as of such day, the Daily Carrying Value pursuant to Exhibit E. (c) Supplier shall provide Coffeyville with its calculation of the Net Carrying Cost as part of the invoice for the Monthly True-Up Payment.

Appears in 3 contracts

Samples: Crude Oil Supply Agreement, Crude Oil Supply Agreement (CVR Energy Inc), Crude Oil Supply Agreement (CVR Energy Inc)

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Working Capital True-Up. (a) Promptly after the end of each month, as part of the Monthly True True-Up described Payment provided for in Section 7.3(b), the Net Carrying Cost for that month shall be calculated. In the event that the Net Carrying Cost is positive, Coffeyville shall pay such amount to Supplier and in event the Net Carrying Cost is negative, Supplier shall pay such amount to Coffeyville. (b) For each day during a month, Supplier shall determine, as of such day, the Daily Carrying Value pursuant to Exhibit E. (c) Supplier shall provide Coffeyville with its calculation of the Net Carrying Cost as part of the invoice for the Monthly True-Up Payment.

Appears in 1 contract

Samples: Crude Oil Supply Agreement (CVR Energy Inc)

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