During the Primary Term Sample Clauses

During the Primary Term. If the volume in any year exceeds or falls short of the expected volume by **, an option is triggered for the respective party to elect a re-determination of the rate. Such re-determination will be based upon the original methodology as set forth on this attachment with the following addition: Initial Capital will be re-set by netting the FCF line from 2008 through the end of the re-determination year and adjusting for the cash flow impact of the volume shortfall or excess. Beyond the Primary Term: Initial Capital will be based upon the salvage value as set forth above. Adjusted Rate Methodology Any Adjusted Rate calculation will use the original methodology applied to incremental capital and operating costs. The Original Rate Methodology for the System is attached hereto. ATTACHMENT C
Sample 1
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During the Primary Term. If the volume in any year exceeds or falls short of the expected volume by ** an option is triggered for the respective party to elect a re-determination of the rate. Such re-determination will be based upon the original methodology as set forth on this attachment with the following addition: Initial Capital will be re-set by netting the FCF line from 2008 through the end of the re-determination year and adjusting for the cash flow impact of the volume shortfall or excess. Beyond the Primary Term: Initial Capital will be based upon the salvage value as set forth above.
Sample 1
During the Primary Term. If the volume in any year exceeds or falls short of the expected volume by **, an option is triggered for the respective party to elect a re-determination of the rate. Such re-determination will be based upon the original methodology as set forth on this attachment with the following addition: Initial Capital will be re-set by netting the FCF line from 2008 through the end of the re-determination year and adjusting for the cash flow impact of the volume shortfall or excess. Beyond the Primary Term: Initial Capital will be based upon the salvage value as set forth above. Adjusted Rate Methodology Any Adjusted Rate calculation will use the original methodology applied to incremental capital and operating costs. The Original Rate Methodology for the System is attached hereto. ATTACHMENT C GAS QUALITY REQUIREMENTS • Gas shall not contain more than twenty (20) grains of total sulphur (not inclusive of sulphur caused by odorization equipment) per one hundred (100) cubic feet of Gas and shall not contain more than one-quarter (1/4) of one (1) grain of hydrogen sulphide per one hundred (100) cubic feet of Gas. • Gas shall not contain more than ten (10) parts per million of oxygen and shall not contain more than two percent (2 %) by volume of carbon dioxide. • Gas shall be commercially free of water and hydrocarbons in a liquid state. • Gas shall not be at a temperature of less than forty degrees Fahrenheit (40°) nor exceed one hundred twenty degrees (120°) Fahrenheit. • Gas shall not contain any active bacteria or bacterial agent, including but not limited to sulphate reducing bacteria and acid producing bacteria, or any hazardous or toxic substances. • Gas shall have a total or gross Heating Value of not less than nine hundred fifty (950) Btu per cubic foot and not more than one thousand two hundred (1200) Btu per cubic foot. • Gas shall be commercial in quality and free from any foreign materials such as dirt, dust, iron particles, crude oil, dark condensate, free water and other similar matter and substances which may be injurious to pipelines or which may interfere with the processing transmission or commercial utilization of said gas. • The Gas shall be free from all hazardous waste as that term is defined in the Resources Conservation and Recovery Act, 42 USC § 690 1, et seq. • In addition to the water quality specification set forth above, Shipper shall be responsible to ensure that any Point(s) of Receipt shall be equipped with the necessary dehydration fa...
Sample 1

Related to During the Primary Term

  • During the Term (a) As compensation for services hereunder rendered during the Term hereof, Executive shall receive a base salary (“Base Salary”) of Five Hundred Thousand Dollars ($500,000) per year payable in equal installments in accordance with the Company’s payroll procedure for its salaried executives. Salary payments and other payments under this Agreement shall be subject to withholding of taxes and other appropriate and customary amounts. Executive may receive increases in his Base Salary from time to time, based upon his performance, subject to approval of the Company.

  • Primary Term The Primary Term for each item of the Equipment shall commence on the Lease Commencement Date provided for by the Rental Schedule for such Equipment, and unless sooner terminated pursuant to the provisions of this Lease, shall be for the number of calendar months set forth in such Rental Schedule, plus the number of days remaining in any partial calendar month if the Lease Commencement Date occurs on other than the first day of a month. Notwithstanding the foregoing, the provisions of this Master Lease on indemnification of Lessor by Lessee shall apply between Lessor and Lessee with respect to any Equipment from the time that any order for the Equipment is placed by Lessor.

  • During the Term of Employment (a) Executive shall be eligible to participate in any life, health and long-term disability insurance programs, pension and retirement programs, stock option and other incentive compensation programs, and other fringe benefit programs made available to senior executive employees of the Company from time to time, and Executive shall be entitled to receive such other fringe benefits as may be granted to him from time to time by the Company's Board of Directors.

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

  • Transition Period Upon termination of this Agreement, and for 90 consecutive calendar days thereafter (the “TRANSITION PERIOD”), Executive agrees to make himself available to assist the Company with transition projects assigned to him by the Board. Executive will be paid at a reasonable, agreed upon hourly rate for any work performed for the Company during the Transition Period.

  • Consulting Period The consulting relationship will commence on the Separation Date and continue until March 31, 2014 unless terminated earlier pursuant to Section 4(k) below or extended as specifically provided herein or by agreement of you and the Company (the “Consulting Period”).

  • Service Term The Service Term shall become effective and begin as of the Effective Date, and shall continue until the close of business on the 1st anniversary of the Effective Date (the "Expiration Date"), unless the Consultant's services are terminated earlier pursuant to a Termination of Service. The Consultant will serve the Company subject to the general supervision, advice and direction of the Board and upon the terms and conditions set forth in this Agreement.

  • Service Period The Company hereby agrees to continue to retain the services of the Executive, and the Executive hereby agrees to provide services to the Company and its successors, subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the second anniversary of such date (the “Service Period”).

  • Initial Term This Agreement shall become effective as of the date first written above (the “Start Date”) and shall continue thereafter throughout the period that ends two (2) years after the Start Date (the “Initial Term”).

  • Termination of Consulting Period Notwithstanding any other provision hereof, the Consulting Period and Consultant’s services as a consultant hereunder shall terminate, and, except as otherwise specifically provided herein, this Agreement shall terminate:

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