Monthly Storage Fee. Commencing on the Effective Date, the monthly storage fee as set forth in Section 4 of the Agreement will change to *** per Barrel of Shell Capacity (the “Monthly Storage”) available to Customer, for a total of ***, regardless of the actual volume of Crude Oil placed in the tankage. Should Customer elect to renew this agreement for one successive six (6) month period (the “Option Term”), the monthly storage fee as set forth in Section 4 of the Agreement will change to *** per Barrel of Shell Capacity (the “Monthly Storage”) available for Customer, for a total of ***, regardless of the actual volume of Crude Oil placed in the tankage.
Appears in 2 contracts
Sources: Crude Oil Storage Services Agreement (Blueknight Energy Partners, L.P.), Crude Oil Storage Services Agreement (Blueknight Energy Partners, L.P.)