Proportionate Fees Sample Clauses

The proportionate-fees clause establishes that fees or payments under an agreement will be calculated based on the actual proportion of work completed or services rendered. In practice, this means that if a project is only partially finished or a contract is terminated early, the party providing services is compensated only for the portion of work performed up to that point. This clause ensures fairness by aligning payment obligations with the extent of performance, thereby preventing overpayment or underpayment and providing clarity in situations where full completion is not achieved.
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Proportionate Fees. In the event that any Marine Vessel offloads Product to more than one customer, all of the fees referenced above will be based on the proportionate throughput offloaded or onloaded by or to each respective customer.