STORAGE AND THROUGHPUT FEE Sample Clauses

STORAGE AND THROUGHPUT FEE. The Customer shall pay the Provider a throughput fee for all the volumes drawn from the Terminal (the “Throughput Fee”). This Throughput Fee shall be calculated in accordance with the following formula: TF = (OC + DEP + ROI + PROV) / V Where: TF= Throughput Fee in pounds Sterling per cubic metre at fifteen degrees Celsius (15°C); OC= total annual operating, financial and exceptional costs of the Terminal (rental, service agreement fee, wages, insurance premium, maintenance & repair expenses, etc.) in pounds Sterling; operating costs will not include the costs associated with “Out of Normal Working Hours rates”+ “Discharge Fees” + “Additivation Fees” and “Marking Fees”. DEP= total annual depreciation costs in pounds Sterling; depreciation costs will not include the costs associated with “Additivation Fees” and “Marking Fees”. ROI= annual return on capital investment at percent (%) after tax in pounds Sterling; PROV= annual provisions (environmental, demolition costs, stock, bad debts, etc.) in pounds Sterling; and V= total annual volumes throughputted at the Terminal in cubic metre at fifteen degrees Celsius (15°C). A projected Throughput Fee determined on the basis of the Provider’s budget for the year shall be invoiced to the Customer and the balance between this projected Throughput Fee and the final Throughput Fee shall be invoiced by the Provider to the Customer by 15th January of the following year. The Provider shall advise the Customer of its best estimate of the balance by no later than 15th December of each year.
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to STORAGE AND THROUGHPUT FEE

  • Fuel Surcharge NO FUEL SURCHARGES allowed during the term of this contract or any of its extensions. The Successful Contract will not xxxx Xxxxxxx County for any fuel surcharges throughout the term of this contract and its extensions.

  • Transportation Charges The cost of transporting Employees and Material necessary for the Mining Operations.

  • Initial Payment - Transportation Charge Minimum Component Payments by the Agency under the minimum operation, maintenance, power, and replacement component of the Transportation Charge shall commence for each aqueduct reach in the year following the year in which construction of that reach is completed.

  • DELIVERY TERMS AND TRANSPORTATION CHARGES Deliverables shall be shipped F.O.B. point of delivery unless otherwise specified in the Supplemental Terms and Conditions. Unless otherwise stated in the Offer, the Contractor’s price shall be deemed to include all delivery and transportation charges. The City shall have the right to designate what method of transportation shall be used to ship the deliverables. The place of delivery shall be that set forth the purchase order.

  • Minimum Charge The minimum charge against accumulated vacation leave shall be fifteen (15) minutes. Vacation leave shall be compensated at the employee’s base rate of pay, except as otherwise provided in this Agreement.

  • Parking and Transportation ‌ The Union agrees that during the life of this Agreement, the University may apply changes in transportation policy, including adjusting parking and U-Pass fees and criteria for assigning parking spots, to the bargaining unit without the obligation to bargain with the Union. The Union may raise issues and concerns about the University’s parking program at Joint Labor/Management Committee meetings or at ad hoc Labor Management Committee meetings. The Union shall have a standing seat on the University’s committee(s) that work on transportation and parking issues.

  • Under-Frequency and Over Frequency Conditions The New York State Transmission System is designed to automatically activate a load- shed program as required by the NPCC in the event of an under-frequency system disturbance. Developer shall implement under-frequency and over-frequency relay set points for the Large Generating Facility as required by the NPCC to ensure “ride through” capability of the New York State Transmission System. Large Generating Facility response to frequency deviations of predetermined magnitudes, both under-frequency and over-frequency deviations, shall be studied and coordinated with the NYISO and Connecting Transmission Owner in accordance with Good Utility Practice. The term “ride through” as used herein shall mean the ability of a Generating Facility to stay connected to and synchronized with the New York State Transmission System during system disturbances within a range of under-frequency and over-frequency conditions, in accordance with Good Utility Practice and with NPCC Regional Reliability Reference Directory # 12, or its successor.

  • Terminal Pay The Board shall provide terminal pay for accumulated sick leave to any employee who has worked for the Board at least one year, or to the employee's beneficiary without regard to length of service if service is terminated by death. Such terminal pay shall be in the amount determined by the daily rate of pay of the employee in the final year of employment.

  • DELIVERY, STORAGE, AND HANDLING The Contractor shall be responsible to inspect all components on delivery to ensure that no damage occurred during shipping or handling for furnish and installation projects. For equipment only purchases, the ordering entity shall be responsible to inspect all components on delivery. Materials must be stored in original undamaged packaging in such a manner to ensure proper ventilation and drainage, and to protect against damage, weather, vandalism, and theft until ready for installation.

  • Transport Allowance In partial modification of Clause 10 of the Bipartite Settlement dated 2nd June 2005, Transport Allowance shall be paid as under with effect from 1st November, 2007. Clerical and Subordinate Staff Upto 15th stage of the scale of Pay - Rs. 225/- per month 16th stage of the scale of Pay and above - Rs. 275/- per month Note:

Time is Money Join Law Insider Premium to draft better contracts faster.