Common use of Calculation of Sales Clause in Contracts

Calculation of Sales. (a) For any month, the “Net Crude Sales Volume” shall equal (A) the sum of (1) the Actual Month End Crude Volume for the prior month plus (2) the Monthly Crude Receipts for such month, minus (B) the Actual Month End Crude Volume for such month.

Appears in 5 contracts

Sources: Supply and Offtake Agreement, Supply and Offtake Agreement (Alon USA Energy, Inc.), Supply and Offtake Agreement (Alon USA Energy, Inc.)

Calculation of Sales. (a) For any month, the “Net Crude Sales Volume” shall equal means, for any month, (A) the sum of (1) the Actual Month End Crude Volume for the prior month plus (2) the Monthly Crude Receipts for such month, minus (B) the Actual Month End Crude Volume for such month.

Appears in 1 contract

Sources: Supply and Offtake Agreement (Delek US Holdings, Inc.)