Minimum Load Charge definition

Minimum Load Charge means a fee that will be charged whenever the calculated monthly average tons per load (MAT) is less than 28 tons per load. The three (3) loads with the lowest weight each month will be subject to pay the Minimum Load Charge, but for those loads will not be factored into the MAT. MAT shall be calculated using the remaining legally loaded containers, containers loaded in excess of 100,000 pounds shall not be used in calculating the monthly average.
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Minimum Load Charge shall have the meaning set forth in Paragraph 5.
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Examples of Minimum Load Charge in a sentence

  • During the Billing Period that the Force Majeure Event occurs and the Billing Period in which Eastalco returns to normal operations, the minimum Billing Capacity and the Minimum Load Charge shall not apply for those days of the Billing Period in which the Force Majeure Event was in effect and the Capacity Charge shall be reduced by the ratio of the number of days of the Billing Period in which the Force Majeure Event was in effect to the total number of days of the Billing Period.

Related to Minimum Load Charge

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Annual Service Charge as of any date means the maximum amount which is payable in any period for interest on, and original issue discount of, Debt of the Company and its Subsidiaries and the amount of dividends which are payable in respect of any Disqualified Stock.

  • Minimum Interest Charge has the meaning given in Section 2.2(b).

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the room charge, and reimbursement of the assessment as allowed in section 6.