Common use of Fee Adjustment Clause in Contracts

Fee Adjustment. The Gathering Fee shall escalate annually One Cent (50.01) per MMBtu per year, commencing on the fifth anniversary of the Effective Date and on the same day every year thereafter through and including the first (1st) day of the ninth anniversary of the Effective Date, after which such annual escalations shall cease. After the ninth anniversary of the Effective Date, the Gathering Fee shall remain subject to changes pursuant to the provisions of Sections 6 (Expansion Capacity), 7 (Additional Services and Interconnections) 8 (Gatherer Pressure Requirements), 9 (Annual Volume Commitments), and 10 (Favored Nations).

Appears in 2 contracts

Sources: Gas Gathering and Treating Agreement (Vine Resources Inc.), Gas Gathering and Treating Agreement (Vine Resources Inc.)

Fee Adjustment. The Gathering Fee shall escalate annually One Cent (50.01$0.01) per MMBtu per year, commencing on the fifth anniversary of the Effective Date and on the same day every year thereafter through and including the first (1st.1st) day of the ninth anniversary of the Effective Date, after which such annual escalations shall cease. After the ninth anniversary of the Effective Date, the Gathering Fee shall remain subject to changes pursuant to the provisions of Sections 6 (Expansion Capacity), . 7 (Additional Services and Interconnections) 8 (Gatherer Pressure Requirements), 9 (Annual Volume Commitments), and 10 (Favored Nations).

Appears in 2 contracts

Sources: Gas Gathering and Treating Agreement (Vine Resources Inc.), Gas Gathering and Treating Agreement (Vine Resources Inc.)