Fuel Flowage Sample Clauses
The Fuel Flowage clause governs the rights and obligations related to the transfer, storage, and handling of fuel on a property or facility. Typically, it outlines the terms under which fuel may be delivered, stored, or dispensed, and may specify fees, reporting requirements, and operational standards for fuel providers or users. For example, it might require a fuel supplier to pay a fee for each gallon of fuel delivered or mandate compliance with environmental regulations. The core function of this clause is to regulate fuel-related activities, ensuring safety, compliance, and proper compensation for the use of fuel infrastructure.
Fuel Flowage. 3.02 The parties agree that in consideration of Lessee receiving fuel and lubricating oil for resale at Acadiana Regional Airport for aircraft, it shall pay to the Airport Authority fuel flowage fees as follows:
(a) an amount equal to four percent (4%) of the operator's invoiced cost of fuel, never less than three ($0.03) per gallon, for aviation operations at Acadiana Regional Airport: and
(b) twelve percent (12%) of the operator's invoiced cost of oil and lubricants, never less than nine ($0.09) per gallon, for aviation operations at Acadiana Regional Airport.
3.03 Fuel flowage fees are due and payable by Lessee to Lessor, in cash, monthly on or before the tenth (10th) day of each month. Payments are from fuel and oil pumped from the previous month. All payments of fuel flowage fees shall be accompanied by a statement or invoice from the wholesaler or retail fuel and lubricant distributor.
3.04 In the event that Lessee chooses to install fuel tanks on the leased premises, it must first secure written approval from Lessor to do so. If approval is granted by the Authority, then Lessee shall install the tanks in accordance with rules, regulations and specifications of the Louisiana State Fire Mars▇▇▇▇, ▇▇uisiana Department of Environmental Quality (DEQ) and the U.S. Environmental Protection Agency (EPA) presently in effect and as may be amended during the term or terms of this lease.
Fuel Flowage. True and correct copies of Executive's and its Subsidiaries' fuel flowage and gross receipt statements as filed with the relevant Airport authorities for the period from January 1, 2003 through December 31, 2003, reflecting the gallons of fuel sold by Executive and its Subsidiaries, and revenues on which Executive and its Subsidiaries paid a percentage fee, during such period are attached to Schedule 3.28. Such statements accurately reflect the gallons of fuel sold and revenues earned by Executive and its Subsidiaries during such period and were prepared in accordance with Executive's books and records. Executive's and its Subsidiaries' fuel sales records for each customer who purchased fuel during the period January 1, 2004 through March 31, 2004 are also attached to Schedule 3.28. Such fuel sales records accurately reflect the actual number of gallons sold to each customer of Executive and its Subsidiaries during such period and the actual prices charged by Executive and its Subsidiaries to each customer during such period.
Fuel Flowage. 3.03 The parties agree that in consideration of Lessee receiving fuel and lubricating oil at Acadiana Regional Airport for aircraft, it shall pay to the Airport Authority fuel flowage fees as follows:
6 7 (a) an amount equal to four percent (4%) on operator's invoiced cost of fuel, never less than three cents ($0.03) per gallon, intended for into plane operations at Acadiana Regional Airport, and
Fuel Flowage. In the event that Tenant sells fuel, Tenant shall pay a fuel flowage fee per gallon as may be established by the Landlord from time to time on all fuels and oils sold, dispensed, or consumed from, on, or about the Parcel. As of the Effective Date, the fuel flowage fee per gallon is $0.20 per gallon for the first 450,000 gallons per year and then reduces to $0.15 per gallon for the remainder of that year.