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

  • A Location Differential is the “value” attributed to a specific up country grain bulk storage and handling facility to an export port terminal facility by the GTA Commerce Committee for the purpose of valuing up-country grain on a ‘port bases’.

  • However, MMS willconsider all comments received during the comment period for this notice of proposed rulemaking.The information collection is titledOil Location Differential Report.

  • GTA will still call for applications from members to have sites rated for the purposes of determining a Location Differential for their sites around March of each year.

  • Wolfe Vice President Marketing Crude Type Transporter Start Date Carrrler Lease ID# EMOC RC RPC DO Decimal Old XOM Contract # Operator Lease Name OXY ALLEGO LEASE NAME OXY Lease # County State Location Differential WTI OET Trks 08/01/2007 60015 1.00000000 B012D PIONEER NATURAL RES.

  • For the 2013/2014 year, Viterra have nominated Inner Harbour for a Location Differential.

  • The GTA Board has approved for release the GTA Location Differential (LDs) for the 2017/18 season as recommended by the GTA Commerce Committee.

  • The GTA Board has approved for release the GTA Location Differential (LD’s) for the 2015/16 season as recommended by the GTA Commerce Committee.

  • Any other Location Differential ("Non-Tariff-Based Differentials") shall be subject to change only upon the mutual written agreement of the parties.

  • The 2019/20 wheat marketing season is approaching and we are pleased to submit to you provisional Location Differential Rates (LDR) for the new season.

  • The GTA Board has approved for release the 2021/22 GTA Location Differential (LDs) for QLD, NSW & VIC as recommended by the GTA Commerce Committee.


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- 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 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. To determine the Monthly Working Capital Adjustment for any month, Xxxx shall apply the following procedures:
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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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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:

  • Price Differential Payment Date means, with respect to a Purchased Mortgage Loan, the 5th day of the month following the related Purchase Date and each succeeding 5th day of the month thereafter; provided, that, with respect to such Purchased Mortgage Loan, the final Price Differential Payment Date shall be the related Repurchase Date; and provided, further, that if any such day is not a Business Day, the Price Differential Payment Date shall be the next succeeding Business Day.

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

  • Reference Interconnection Offer or “RIO” means a document published by a service provider specifying terms and conditions on which the other service provider may seek interconnection with such service provider;

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

  • SOFR Benchmark Replacement Date means the Benchmark Replacement Date with respect to the then-current Benchmark;

  • Reference Interest Rate Replacement Adjustment means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • Reference Interest Rate Replacement Date means the earliest to occur of the following events with respect to the then-current Reference Interest Rate

  • Unadjusted Reference Interest Rate Replacement means the Reference Interest Rate Replacement excluding the Reference Interest Rate Replacement Adjustment.

  • 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.

  • Unscheduled Outage means an interruption resulting in reduction of the Availability of the Element(s) / Project (as the case may be) that is not a result of a Scheduled Outage or a Force Majeure Event.

  • 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).

  • Cost-plus-a-percentage-of-cost contract means a contract under which the contractor is paid a percentage of the total actual expenses or costs in addition to the contractor's actual expenses or costs.

  • 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.

  • Reference Interest Rate Replacement means the first alternative set forth in the order below that can be determined by the Issuer or its designee as of the Reference Interest Rate Replacement Date:

  • 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 redevelopment project area to which an allocation provision of a declaratory resolution adopted under section 15 of this chapter refers for purposes of distribution and allocation of property taxes.

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eleven million dollars ($11,000,000.00).