Final Quality Differential definition

Final Quality Differential has the meaning given such term in Clause 9(b)(ii)(1).
Sample 1Sample 2Sample 3

Examples of Final Quality Differential in a sentence

  • The general principle in the Parties agreeing to the point at which the Final Quality Differential is established and fixed shall be that further anticipated costs and adjustments are small in nature and would have a low expected probability of having a significant impact on the value of the Final Quality Differential.

  • This Final Quality Differential shall be set by agreement between the Parties.

  • The Final Quality Differential shall be identified in the Cargo Confirmation Notice.

  • This Final Quality Differential is to be used in the pricing process as described in Clause 9.

  • Maintain a paper or electronic copy of all required records for three years from the date generated or date submitted, whichever is last.

  • Seller warrants good and marketable title to the Oil sold to Buyer under this Agreement, free and clear of all Liens arising by, through or under Seller and, subject to any deficiencies that are taken into account through the Final Quality Differential, warrants the Oil sold to Buyer under this Agreement conforms to the quality specifications for the Grade of Oil Delivered by Seller.

  • For any Cargo Supplied, the “Final Quality Differential” shall constitute all elements agreed between the Parties applicable directly to the Supply of that Cargo (excluding any adjustments that are included in the Xxxxx Cash Bank) that were identified as Final Quality Differential elements in the mandate or in other communications between Seller and Buyer.

  • This Final Quality Differential shall be as detailed in the Cargo Table applicable to that Cargo.

  • For any Cargo Supplied, the “Final Quality Differential” shall constitute all elements agreed between the Parties applicable directly to the Supply of that Cargo (excluding any adjustments that are included in the Xxxxx Cash Bank) that were identified as Final Quality Differential elements in the mandate or in other communications between the Seller and Buyer.

  • This Final Quality Differential shall be measured in dollars per Barrel and shall be as detailed in the Cargo Table applicable to that Cargo.

Related to Final Quality Differential

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • ISO-NE Tariff means ISO-NE’s Transmission, Markets and Services Tariff, FERC Electric Tariff No. 3, as amended from time to time.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Supply Period means for a Supply Point, the period beginning on the Start Date and ending on the Termination Date;

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.