Common use of Throughput Volume Fee Clause in Contracts

Throughput Volume Fee. Customer agrees to pay to ▇▇▇▇▇▇▇▇▇ a fee based on Throughput Volumes, determined and billed on a monthly basis, equaling Total Customer Throughput Volume multiplied by the Throughput Fee Per Barrel multiplied by the number of calendar days in the month (the “Throughput Volume Fee”). For clarity, the Throughput Volume Fees payable by Customer to ▇▇▇▇▇▇▇▇▇ during a calendar year, if the Total Terminal Throughput Volume is less than or equal to the Aggregate Daily Minimum Throughput Volume Commitment for the year (excluding Additive Fees or Other Fees), shall be approximately $7.03 million per year.