Curtailment Fees definition

Curtailment Fees means (A) (i) any Shortfall Payments (as defined therein) attributable to Section 14(b) of that certain Transportation Services Agreement (High Plains Pipeline System), dated April 26, 2011, by and between Tesoro High Plains and Tesoro R&M; (ii) any Curtailment Fees (as defined therein) attributable to Section 30(b) of that certain Master Terminalling Services Agreement, dated April 26, 2011, by and among Tesoro R&M, Tesoro Alaska and the Operating Company; (iii) any Shortfall Payments (as defined therein) attributable to Section 14(b) of that certain Transportation Services Agreement (SLC Short Haul Pipelines), dated April 26, 2011, by and between the Operating Company and Tesoro R&M; (iv) any payments attributable to Section 21(b) of that certain Salt Lake City Storage and Transportation Services Agreement, dated April 26, 2011, by and between Tesoro R&M and the Operating Company; and (v) any Shortfall Payments (as defined therein) attributable to Section 16(b) of that certain Trucking Transportation Services Agreement, dated April 26, 2011, by and between the Operating Company and Tesoro R&M, in each case as such agreements may be amended, supplemented or restated from time to time, and (B) any similar fees that would be paid by Tesoro or its Affiliates under commercial contracts upon the suspension or reduction of operations of Tesoro or its Affiliates.
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Examples of Curtailment Fees in a sentence

  • Curtailment Fees for each applicable Month shall be equal to (i) such Terminal’s Stipulated Volume multiplied by (ii) the number of days in the Month, multiplied by (iii) the weighted average monthly Terminalling Service Fee incurred by Tesoro at such Terminal during the twelve (12) calendar Months immediately preceding the Refinery’s suspension of operations.

  • Curtailment Fees for each applicable Month shall be equal to (i) such Terminal’s Stipulated Volume multiplied by (ii) the number of days in the Month, multiplied by (iii) the weighted average monthly Terminalling Service Fee incurred by TRMC at such Terminal during the twelve (12) Months immediately preceding the Refinery’s suspension of operations.

  • Curtailment Fees for each applicable Month shall be equal to (i) such Terminal's Stipulated Volume multiplied by (ii) the number of days in the Month, multiplied by (iii) the weighted average monthly Terminalling Service Fee incurred by Tesoro at such Terminal during the twelve (12) calendar Months immediately preceding the Refinery's suspension of operations.