Common use of Facilities Fee Clause in Contracts

Facilities Fee. The Facilities Fee shall be an amount per ton equal to the Facilities Charge in effect at the time of termination of the agreement. Appropriate credit shall be made by Freeport for any pre-payment of the Facilities Charge made prior to Termination.

Appears in 2 contracts

Sources: Processing and Marketing Agreement (Freeport McMoran Sulphur Inc), Processing and Marketing Agreement (McMoran Exploration Co /De/)