G&A Fee definition
Examples of G&A Fee in a sentence
The Operating G&A Fee, upon commencement of operations, shall be adjusted on an annual basis commencing January 1, 2011, and each January 1 thereafter, in proportion to the average percentage change for the twelve (12) month period ending June 30 of the preceding calendar year, using the column titled “Annual Average”, or its equivalent, in the Consumer Price Index - All Urban Consumers as published by the United States Department of Labor Bureau of Labor Statistics (“CPI Index”).
As of January 1 of each year beginning on or after January 1, 2014, the G&A Fee shall be increased by the percentage increase in the CP Index.
In making such adjustments, the G&A Fee shall be increased by the percentage increase in the CP Index for the prior year period based on the most recent information available from the United States Department of Labor.
For calendar year 2010, Operator shall charge Gathering System operations an Operating G&A Fee of $0.02565 per MMBtu of gas received at the Receipt Points.
In no event will the adjustment result in a decrease of the Operating G&A Fee.
Notwithstanding the foregoing or anything else in the Agreement to the contrary, in no event shall any G&A Fee, Additional Services Reimbursement Amount or any other amounts payable by the Company Group (or any member thereof) hereunder include any amounts that are otherwise paid or payable by the Company Group to Chesapeake Energy Corporation or any of its Affiliates in respect of the same services or matter under any other contract, agreement or arrangement.
Without duplication for any invoices for which payment was made under the Services Agreement, on or before the forty-fifth (45th) day after the end of each month commencing with the month in which the Execution Date occurs, the Chesapeake Entities shall send a reasonably detailed invoice to the Company of the G&A Fee and the Additional Services Reimbursement Amount for such month.
Subject to Section 3.2, within thirty (30) days following the date of such invoice, the Company shall pay to the Chesapeake Entities the undisputed amounts of the G&A Fee and the Additional Services Reimbursement Amount specified by such invoice.
Notwithstanding the foregoing, Owner and Operator acknowledge and agree that the Construction G&A Fee shall not be applied to any maintenance capital expenditures or any expenses in connection with any Non-Growth Integrity Project.
Following the end of each month, MWE Hydrocarbon shall send an invoice to the Company for the G&A Fee for the preceding month.