Operations Fee Reduction Sample Clauses

Operations Fee Reduction. If the Monthly Average Receipt Point Pressure exceeds the applicable Sub-System Turnover Average Receipt Point Pressure for any Sub-System (other than the High-Pressure Sweet Sub-System and the High Pressure Sour Sub-System) during any Month after the one (1) year anniversary of the end of the Expansion Period, then for each Receipt Point on such Sub-System that exceeds the Sub-System Turnover Average Receipt Point Pressure for the Sub-System to which such Receipt Point is connected, the Operations Fees for such Month applicable to such Receipt Point shall be reduced by an amount equal to the product of (i) such Operations Fee and (ii) two percent (2%) for each one percent (1%) that such Monthly Average Receipt Point Pressure exceeds the applicable the Sub-System Turnover Average Receipt Point Pressure. For example, if during the applicable Month, the applicable Operations Fee is $0.10 per Mcf and the applicable the Sub-System Turnover Average Receipt Point Pressure is one hundred (100) psig, but during such Month, the Monthly Average Receipt Point Pressure was one hundred ten (110) psig, then the Operations Fee would be reduced to $0.08 per Mcf. Nothing herein shall relieve Gatherer of any liability for failure to provide Services pursuant to, and in accordance with, the terms of this Agreement. Notwithstanding anything contained in this Section 10.4(b), there will be no reduction in the Operations Fee for any Receipt Point that is first established or re-connected to the Gathering System after the one (1) year anniversary of the end of the Expansion Period, which has, during the first thirty (30) days of production, a weighted average pressure above the Sub-System Turnover Average Receipt Point Pressure for the Sub-System to which such Receipt Point is connected.
Sample 1
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Related to Operations Fee Reduction

  • Exclusions from Operating Expenses Operating Expenses exclude the following expenditures:

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  • INTERIM MAINTENANCE PERIOD During the interim maintenance period between obtaining of the completion certificate of Project and formation and operationalization of the Association the Promoter shall through itself or through a facility management company constitute a committee to run, operate, manage and maintain the Common Areas.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Variances From Operating Budget Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Maintenance Period During the Maintenance Period the Developer shall at its own expense maintain repair and otherwise S.9 keep the Works in good working order and repair to the reasonable satisfaction of xxx Xxxxxxxxxx unless xxx Xxxxxxxxxx shall declare that any required maintenance and/or repair is an emergency in which case the Developer shall carry out the said maintenance and/or repair immediately Access to the Works and consequences of inspections The Developer shall arrange for xxx Xxxxxxxxxx to have access to the Works and the Site at all

  • Monthly Management Fee Payment On the first business day of each month, each class of each Fund shall pay the management fee to the Investment Manager for the previous month. The fee for the previous month shall be the sum of the Daily Management Fee Calculations for each calendar day in the previous month.

  • Management Fees (a) In consideration of the services provided by the Investment Manager, each class of a Fund shall pay to the Investment Manager a management fee that is calculated as described in this Section 6 using the fee schedules described herein.

  • Payments, Computations, etc (a) Except as otherwise specifically provided herein, all payments hereunder shall be made to the Administrative Agent in dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, at the Administrative Agent’s office specified in Schedule 10.1 not later than 4:00 P.M. on the date when due. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. The Administrative Agent may (but shall not be obligated to) debit the amount of any such payment which is not made by such time to any ordinary deposit account of the Borrower maintained with the Administrative Agent (with notice to the Borrower). The Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Administrative Agent the Loans, Fees, interest or other amounts payable by the Borrower hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by the Borrower hereunder, subject to the terms of Section 3.12(a)). The Administrative Agent will distribute such payments to such Lenders, if any such payment is received prior to 12:00 Noon on a Business Day in like funds as received prior to the end of such Business Day and otherwise the Administrative Agent will distribute such payment to such Lenders on the next succeeding Business Day. Whenever any payment hereunder shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day (subject to accrual of interest and Fees for the period of such extension), except that in the case of Eurodollar Loans, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day. Except as expressly provided otherwise herein, all computations of interest and fees shall be made on the basis of actual number of days elapsed over a year of 360 days, except with respect to computation of interest on Base Rate Loans which shall be calculated based on a year of 365 or 366 days, as appropriate. Interest shall accrue from and include the date of borrowing, but exclude the date of payment.

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