During the Ship and Pay Term Sample Clauses

During the Ship and Pay Term. (i) Up to the Shipper Contracted Capacity, in consideration of the MME Fee, under the modality of "ship and pay", by virtue of which the obligation of paying the fee by the Shipper must be satisfied as per the terms of this Agreement only for the number of Barrels effectively transported; and
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During the Ship and Pay Term. The MME Fee, by the number of Barrels effectively transported within the Shipper Contracted Capacity and within the Conditioned Capacity in the Operation Month. In the event that the MME Fee is not sufficient to pay for Pipeline maintenance, operations and administration costs, the depreciation, amortization and taxes, and an equitable profit, then will be subject to the agreement of the Parties on the terms and conditions of the fee to be applied, without prejudice of the processing to be performed by Bicentenario before the Ministry of Mines to review the MME Fee.
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During the Ship and Pay Term. Provided that during the Ship or Pay Term not all advance payments referred to in above Section 4.01 (b) (i) can be booked, these will be booked in Colombian pesos for payment of the Service provided until depleting the balance in favor of the Shipper or until expiry of the Ship and Pay Term. · To determine the amount to be charged to the advance payment, the rules set out in Section 4.02(a) (iii) shall apply. · The Parties acknowledge that the current status of the advanced payments caused until December 31, 2013 are listed in Exhibit K to this Agreement.
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During the Ship and Pay Term. (A) The value of Service for the Shipper Scheduled Capacity will be charged monthly and in advance during the first 10 Days of the respective Nomination Month. The bxxx shall include the multiplication of the MME Fee times the number of the Scheduled Barrels within the Shipper Contracted Capacity, times the number of Days in the Calendar Month that are being charged. Once the Barrels have been transported, the respective adjustment between the Scheduled and those effectively transported will be done. Should there be a balance in favor of the Shipper, a credit note in its favor shall be issued, which will be applied to the respective invoice.
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During the Ship and Pay Term. Provided that during the Ship or Pay Term not all advance payments referred to in above Section 4.01 (b) can be booked, these will be booked in Colombian pesos for payment of the Service provided until depleting the balance in favor of the Shipper or until expiry of the Ship and Pay Term.
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Related to During the Ship and Pay Term

  • 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.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Coverage Term All insurance required herein shall be maintained in full force and effect until all work or services required to be performed under the terms of this Agreement are satisfactorily performed, completed and formally accepted by the City, unless specified otherwise in this Agreement.

  • Dpa Term Paragraph 4 on page 1 of the DPA setting a three-year term for the DPA shall be deleted, and the following shall be inserted in lieu thereof: “This DPA shall be effective upon the date of signature by Finalsite and XXX. and shall remain in effect as between Finalsite and LEA 1) for so long as the Services are being provided to LEA or 2) until the DPA is terminated pursuant to Section 15 of this Exhibit G, whichever comes first. ”

  • Term of the Option The term of the Option (the “Option Period”) shall be for a period of ten (10) years from the Effective Date, terminating at the close of business on the tenth anniversary of the Effective Date (the “Expiration Date”) or such shorter period as provided in Section 6 hereof.

  • Service Term XOOM agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The term of this Contract will begin when your local utility switches your account to XOOM and will continue on a month-to-month basis as set forth in the accompanying Product Sheet.

  • Agreement Term This Agreement commences on the Effective Date and continues until terminated in compliance with this Clause.

  • Conditions Term of Agreement 53 3.1 Conditions Precedent to the Initial Extension of Credit.........53 3.2 Conditions Subsequent to the Initial Extension of Credit........56

  • Termination Prior to Expiration of Term This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

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