Local Sales definition
Local Sales means demethanized mix sold within Group 100 for fractionation within Group 100, or components extracted from Group 100 demethanized mix through fractionation at fractionation facilities within Group 100.
Local Sales means Product that is fractionated at the origins, as reflected in the table of incentive rates in Item No. 100, for application to Item No. 96 and Item No. 97, for distribution and sale exclusively into markets served by truck or rail; however, Local Sales does not include Product that is fractionated for transport into other pipelines.
Local Sales means Product that is fractionated at the origins, as reflected in the table of incentive rates
Examples of Local Sales in a sentence
The Owner qualifies for exemption from certain State and Local Sales and Use Taxes pursuant to the provisions of Tex.
They are exclusive of any and all Federal, State, and Local Sales, use, excise or similar taxes and charges that shall be the responsibility of the Buyer.
A&M System , as an agency of the state of Texas, qualifies for exemption from State and Local Sales and Use Taxes pursuant to the provisions of the Texas Limited Sales, Excise, and Use Tax Act.
California’s sales and use tax rate is comprised of three separate components, California Sales and Use Tax (state), ▇▇▇▇▇▇▇-▇▇▇▇▇ Uniform Local Sales and Use Tax (local), and Transactions and Use Tax (district).
More Definitions of Local Sales
Local Sales is defined in Article 17.22.2.
Local Sales means sales of Subject NGLs that do not occur at an NGL Market Center.
Local Sales means sales of the following products: (1) asphalt which was produced at the ' Refinery from Feedstock supplied by Petro Source and delivered to an application site in the State of California; (2) asphalt which was processed at the Refinery from Feedstock supplied by Petro Source and which was modified by polymiers at the Refinery, regardless of application location, and (3) a prorated portion of the light products attributable to the volume of Feedstock from which Local Sales described in subparagraph (1) and (2) hereof were derived. iii. "Local Cost(s)" means, the sum of Petro Source's Local Marketing Cost(s), SMRC Reimbursable Variable Cost(s) (defined in paragraph 5) allocable to Local Sales, SMRC Reimbursable Fixed Cost(s) (as defined in paragraph 5), Local Inventory and Receivable Carrying Cost(s); and Local Cost(s) Carry Forward. iv. "Petro Source's Local Marketing Cost(s)" means on a process month basis, all cost(s), losses (including hedging losses net of gains) and expenses incurred by ▇▇▇▇▇ Source in making related Local Sales Revenue, including, but not limited to, the direct out-of-pocket cost(s) of selling, documenting, handling, storing, developing, testing, transporting and installing product; cost(s) associated with collection of receivables related to Local Sales (including, but not limited to, demerits and bad debt), cost(s) of goods sold, and any environmental excise tax, (including, but not limited to, Superfund excise tax) on petroleum processing. The parties hereto acknowledge that in accordance with the regulations pertaining to the Superfund excise tax that SMRC, as owner and operator of the Refinery, is required to remit the Superfund excise tax to the federal government. v. "Local Inventory and Receivable Carrying Cost(s)" means the portion of interest, at the rate charged to Petro Source under its bank credit facility, incurred to purchase and hold inventory and receivables pending payment; and letters of credit cost(s) which are reasonably allocable to Local Sales.
Local Sales means postcard sales made by local staff (other than ▇▇▇▇▇ ▇▇▇▇▇) to advertisers who purchase postcards for distribution in any one or more of the cities referred to in the preceding sentence. As soon as practicable after June 30, 2000 the Buyer shall furnish to the Stockholders a statement setting forth in reasonable detail the amount of its Local Sales for the period from July 1, 1999 through June 30, 2000. If the Stockholders disagree with the statement, the Stockholders shall give notice of the disagreement to the Buyer within 30 days after receipt of the statement. In that event, the Buyer and the Stockholders shall use their best efforts to reach agreement on the disputed items; if they are unable to resolve the dispute, the dispute shall be referred to an independent accounting firm of recognized national standing reasonably acceptable to the Buyer and the Stockholders, whose determination of the disputed items shall be final and binding. The costs of the accountants shall be borne by the Stockholders unless the accountants determination results in an additional payment to the Stockholders, in which case the costs shall be borne by the Buyer.