Provisional Payment Amount definition

Provisional Payment Amount means for any Delivery Day, the sum for all grades of Refined Products delivered by PBO to MSCG on such Delivery Day, of the number of gallons of each grade of such Refined Product delivered to MSCG on such Delivery Day multiplied by the applicable Provisional Price per gallon of such grade. To the extent the Provisional Payment Day for a relevant Delivery Day occurs on or before such relevant Delivery Day, the Provisional Payment Amount shall be based on the actual volumes delivered on the Delivery Day immediately preceding such relevant Delivery Day as specified in the Daily Report of Delivered Volumes (as defined in the Off-Take Agreement) for such preceding Delivery Day.
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Provisional Payment Amount means for any Delivery Day, the sum for all grades of Refined Products delivered by DCR to MSCG on such Delivery Day, of the number of gallons of each grade of such Refined Product delivered to MSCG on such Delivery Day multiplied by the applicable Provisional Price per gallon of such grade. To the extent the Provisional Payment Day for a relevant Delivery Day occurs on or before such relevant Delivery Day, the Provisional Payment Amount shall be based on the estimated volumes to be delivered on such relevant Delivery Day; provided, however, if no estimated volumes are specified in the last Daily Report of Delivered Volumes received by MSCG, then the Provisional Payment Amount will be based on the actual volumes delivered on the last Delivery Date reflected in the most recently received Daily Report of Delivered Volumes.
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Provisional Payment Amount has the meaning specified in Section 9.1.1.
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Examples of Provisional Payment Amount in a sentence

  • PBF shall return the Provisional Payment Amount to MSCG on the day of the Final Payment Day in respect of the Relevant Delivery Date, and such amount payable from PBF to MSCG shall be included on the same invoice as the Final Payment Amount in respect of the Relevant Delivery Date.

  • The Provisional Payment Amount shall be included on the Finished Products Invoice delivered on the Provisional Payment Day for such Relevant Delivery Date as specified in Schedule 8.

  • The Provisional Payment Amount shall be included on the Finished Products Invoice delivered on the Provisional Payment Day for such Relevant Delivery Date as specified in Schedule 5.

  • Notwithstanding the foregoing, such Purchaser shall, by written notice to the Seller delivered no later than the Payment Adjustment Date, be entitled to set-off any such adjustment amount owing to such Purchaser against the next Provisional Payment Amount payable by such Purchaser to the Seller.

  • DCRC shall return the Provisional Payment Amount to MSCG on the day of the Final Payment Day in respect of the Relevant Delivery Date, and such amount payable from DCRC to MSCG shall be included on the same invoice as the Final Payment Amount in respect of the Relevant Delivery Date.

  • The electronic transfer of funds representing the Provisional Payment Amount to the account designated by the Seller shall be initiated by such Purchaser no later than noon (in New York City, New York) on the second Business Day (the “Provisional Payment Date”) after the Delivery Date.


More Definitions of Provisional Payment Amount

Provisional Payment Amount means a provisional payment equal to 90% of the product of (i) the number of ounces of refined gold credited to Orion Stream II and BTO and (ii) the London Bullion Market Association a.m. gold price.
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Provisional Payment Amount has the meaning given to it in Section 3.1.
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