Commodity Fees definition
Examples of Commodity Fees in a sentence
To the extent that Pipeline’s deliveries to Buyer exceed 96,000 MMBtu during a contract year, then during the calendar month subsequent to the calendar month in which the minimum annual obligation of 96,000 MMBtu has been reached the Natural Gas Commodity Fees of Tiers number 2 and 3 shall apply and the minimum monthly payment provided for herein shall no longer apply for the remainder of that contract year.
ESCO acknowledges and agrees that the Early Termination Fee shall be in addition to any amounts owed to EDFT NA under the ISDA Agreement (including any amounts due as a result of the early termination of the ISDA Agreement, which for determination of an early termination calculation shall include all applicable Commodity Fees).
All Commodity Fees will be billed and/or calculated on the receipt volume of Producer’s Gas that NSLEM receives or is allocated.