Rack Price definition

Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as applicable, in effect at the terminal of origin for its wholesalers as of the time and date of delivery to Purchaser. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as applicable, in effect at the terminal of origin for its wholesalers as of the time and date of delivery to Purchaser; provided that in the case of Product purchased from Road Ranger, L.L.C., the “Rack Price” shall mean the “Gasoline Cost” or “Bio Cost,” as each such term is defined in that certain Road Ranger Fuel Supply Agreement between Purchaser and Road Ranger, L.L.C., dated as of [ ], as of the time and date of delivery to Purchaser. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Rack Price means the “Gasoline Cost” or “Bio Cost,” as each such term is defined in that certain Road Ranger Fuel Supply Agreement between Purchaser and Road Ranger, L.L.C., dated as of [ ], as of the time and date of delivery to Purchaser. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Examples of Rack Price in a sentence

  • Purchaser shall pay Supplier the Rack Price, as hereinafter defined, for its purchases of the Product, plus (i) all applicable taxes, fees and governmental surcharges, and (ii) four and one-half cents ($0.045) per gallon.

  • All invoices must show the Contract pricing formula: OPIS PAD District 5 Los Angeles Regional Rack Price +/- Adjustment/Differential = Total Price per Gallon.

  • The Contractor may be assessed a price increase or decrease for asphalt concrete mix placed under this contract, if the Monthly Asphalt Binder Rack Price (MABRP) for the PGAB specified differs by $10.00 or more per tonne of PGAB, from the month prior to the month in which this tender closes and the month(s) in which the paving/repaving work is performed.

  • The adjustment +/- differential (difference between the price and the daily OPIS price Los Angeles Rack Price without CAR cost reported by OPIS for Unbranded Fuel) shall remain firm for the entire term of the Contract.

  • Contractor shall submit a legible copy of the price published in OPIS (Oil Price Information Services) - Los Angeles Unbranded Rack Price without CAR Cost report.

  • The "Branded Rack Price" for a given Product shall be the price for such Product for Distributor's class of trade established by ▇▇▇▇▇▇▇▇ in its Price Schedule-Branded Prices, or any replacement or substitute price list, as in effect on the date and at the place such Product is loaded at the refinery or terminal.

  • Except with respect to Product delivered on a consignment basis to GPM Consignment Locations (if any), Purchaser shall pay Supplier the Rack Price, as hereinafter defined, for its purchases of the Product, plus (i) all applicable taxes, fees and governmental surcharges, and (ii) four and one-half cents ($0.045) per gallon.

  • Distributor shall pay to ▇▇▇▇▇▇▇▇ the Branded Rack Price( as defined hereinafter) for each Product sold by ▇▇▇▇▇▇▇▇ to Distributor under this Contract.

  • Seller’s cost of the Motor Fuel Inventory shall be equal to the BP Branded Jobber Rack Price for each fuel product grade set at 6:00 pm EST for the day before the Closing Date, plus Taxes and freight and less all available prompt payment discounts.

  • The following provides, for illustrative purposes, an example of the above-described adjustment: A= $ adjustment to Transportation Price CRP= Current Average Rack Price BRP= Base Average Rack Price A= [_ _ _ _] x $[ _ _ _ _ ] A= (([ _ _ _ _ ]-[ _ _ _ _ ])/[ _ _ _ _ ]) x $[ _ _ _ _ ] A= increase of $[ _ _ _ _ ] to the Transportation Price *CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.


More Definitions of Rack Price

Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as
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Rack Price means the posted rack price of the branded fuel supplier or unbranded seller of such Product, as applicable, in effect at the terminal of origin for its wholesalers as of the time and date of delivery to Purchaser. The term “Adder” shall mean (x) five cents ($0.050) per gallon during the period from the Effective Date through September 30, 2021 and (y) four and one-half cents ($0.045) per gallon at all other times; in each case unless the foregoing Adder is amended by mutual agreement of Purchaser and Supplier. Purchaser shall retain and be entitled to (x) any prompt payment discounts and (y) all other discounts or rebates for all Stations, as offered by the branded fuel supplier (or any unbranded supplier) and earned by Supplier or any other discounts allowed by law and Supplier shall make its payments to its suppliers in a manner that maximizes such discounts and rebates; it being understood that Purchaser’s ability to receive such discounts and rebates was material in Purchaser’s agreement to agree to the payment terms herein. All prices charged by Supplier are subject to the provisions of applicable law. It is agreed that any duty, tax, fee or other charge which Supplier may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Product covered by this Agreement shall be added to the prices to be paid by Purchaser for Product purchased hereunder.
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Related to Rack Price

  • Ask Price means the price at which the Company is willing to sell a CFD.

  • Stock Price shall have the meaning specified in Section 14.03(c).

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • Average Stock Price means the average of the closing transaction prices of a share of common stock of a company, as reported on the principal national stock exchange on which such common stock is traded, for the 20 business days immediately preceding the date for which the Average Stock Price is being determined.

  • Average Closing Price means the average of the closing market prices of a Share over the last five (5) Market Days on which the Shares are transacted on the SGX-ST or, as the case may be, such securities exchange on which the Shares are listed or quoted, immediately preceding the date of the Market Purchase by the Company or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase, and deemed to be adjusted, in accordance with the rules of the SGX-ST, for any corporate action that occurs after the relevant five-day period; and