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.
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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.
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Local Sales means Product that is fractionated at the origins, as reflected in the table of incentive rates
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Examples of Local Sales in a sentence

  • Local Sales and Use Tax shall be added to all fees for labor, parts, and materials.


More Definitions of Local Sales

Local Sales is defined in Article 17.22.2.
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Local Sales means sales of Subject NGLs that do not occur at an NGL Market Center.
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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 Xxxxx 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. vi. If Local Sales Revenue less Local Cost(s) is a negative number, that number will first be applied as a reduction to Export Profit and if Export Profit is insufficient to absorb the entire amount, any remaining amount will be carried forward and treated as a Local Cost(s) in future months until it is extinguished or until this Agreement expires or is terminated by Petro Source ("Local Cost(s) Carry Forward").
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Local Sales means postcard sales made by local staff (other than Xxxxx Xxxxx) 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.
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Related to Local Sales

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Casual sale means a sale of an item of tangible personal property that was obtained by the person making the sale, through purchase or otherwise, for the person's own use and was previously subject to any state's taxing jurisdiction on its sale or use, and includes such items acquired for the seller's use that are sold by an auctioneer employed directly by the person for such purpose, provided the location of such sales is not the auctioneer's permanent place of business. As used in this division, "permanent place of business" includes any location where such auctioneer has conducted more than two auctions during the year.

  • Net Sales means [***].

  • Sales On the settlement date for a sale, Bank shall credit the Cash Account with the sale proceeds of the sale and transfer the relevant Financial Assets to an account pending settlement of the trade if not already delivered.

  • Marijuana wholesaler means a person who purchases marijuana items in this state for resale to a person other than a consumer.

  • Wholesaler means any person, other than a vintner, brewer or bottler of beer or wine, who shall sell, barter, exchange, offer for sale, have in possession with intent to sell, deal or traffic in alcoholic liquor, wine, or beer. A wholesaler shall not sell for consumption upon the premises.

  • Tobacco products means cigars, cigarettes, cheroots, stogies, periques, granulated, plug cut, crimp cut, ready rubbed, and other smoking tobacco, snuff, snuff flour, moist snuff, cavendish, ping and twist tobacco, fine-cut and other chewing tobaccos, shorts, refuse scraps, clippings, cuttings and sweepings of tobacco, and other kinds and forms of tobacco, prepared in such manner as to be suitable for chewing or smoking in a pipe or otherwise, or both for chewing and smoking.

  • Local school operating revenue means school operating taxes levied under section 1211 of the revised school code, MCL 380.1211. For a receiving district, if school operating taxes are to be levied on behalf of a dissolved district that has been attached in whole or in part to the receiving district to satisfy debt obligations of the dissolved district under section 12 of the revised school code, MCL 380.12, local school operating revenue does not include school operating taxes levied within the geographic area of the dissolved district.

  • Marijuana-infused products means products that contain marijuana or marijuana extracts and are intended for human use. The term "marijuana-infused products" does not include useable marijuana.

  • Video lottery terminal sales agent means a lottery sales agent licensed under Chapter 3770. of the ORC to conduct video lottery terminals on behalf of the state pursuant to Section 3770.21 of the ORC.

  • Cannabis wholesaler means any licensed person or entity that purchases or otherwise obtains, stores, sells or otherwise transfers, and may transport, cannabis items for the purpose of resale or other transfer to either another cannabis wholesaler or to a cannabis retailer, but not to consumers.

  • Licensed Services means all functions performed by the Licensed System.

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Licensed service area means the geographic area in which

  • Marijuana products means concentrated marijuana products and marijuana products that are comprised of marijuana and other ingredients and are intended for use or consumption, such as, but not limited to, edible products, ointments, and tinctures.

  • processed products means goods placed under a processing procedure which have undergone processing operations;

  • Retail sale or a "sale at retail" means a sale to any person for any purpose other than for resale in