Gathering Fee. For all of Shipper’s Gas received by Gatherer at the Receipt Points, initially, Shipper will pay Gatherer the Gathering Fee for the applicable System set forth in Exhibit 1.32 multiplied by the Receipt Point Volume. The Gathering Fee will escalate effective January 1 of each year in proportion to the average percentage change (the “Inflation Factor”) for the twelve (12) month period ending June 30 of the preceding calendar year, using the column titled “Annual Average”, or its equivalent, in the Consumer Price Index - All Urban Consumers as published by the United States Department of Labor Bureau of Labor Statistics (“CPI Index”). In no event will the adjustment result in a decrease of the Gathering Fee. In the event the CPI Index ceases to be published without a designated replacement index, the Gatherer will select an alternative index reasonably similar to the CPI Index.
Appears in 3 contracts
Sources: Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.), Agreement for the Construction, Ownership, and Operation of Midstream Assets (Epsilon Energy Ltd.)