Net Uplift definition
Net Uplift means (a) the payment received from Chipeta Processing LLC (“Chipeta”) for the sale of Plant Products from the Initial Production or the Excess Production pursuant to the Gas Processing Agreement between Chipeta and Producer dated as of [July 1, 2011] (attached hereto as Exhibit B) (“Chipeta Processing Agreement”) less (b) (i) reservation charges, usage charges, fuel costs and any supplemental charges pursuant to the transportation service agreement to be entered into pursuant to the Questar wet line agreement (attached hereto as Exhibit C) for transportation of the Initial Production or the Excess Production on Questar’s wet line, (ii) the processing fee, electric compression, and fuel costs related to the Initial Production or the Excess Production paid by Producer to Chipeta pursuant to the Chipeta Processing Agreement; except where such fees, costs or charges were offset from the amount paid to Producer by Chipeta described in (a) above, and (iii) any deficiency payment paid by Producer to Chipeta under the Chipeta Processing Agreement to the extent caused, in whole or in part, by Gatherer, including, but not limited to, Gatherer’s failure to perform its obligations under the Gathering Agreement; except that, with respect to (iii) above, Net Uplift shall not include any deficiency payment paid by Producer to Chipeta under the Chipeta Processing Agreement to the extent caused by the routine maintenance of Gatherer’s Gathering System in accordance with Section 10.5 of the Gathering Agreement or a Gathering System Force Majeure event.
Net Uplift means (a) the payment received from Chipeta or a third party for the sale of Chipeta Plant Products or plant products recovered by such third party from the Excluded Production less, without duplication, (b) (i) reservation charges, usage charges, fuel costs and any supplemental charges pursuant to the transportation service agreement to be entered into pursuant to the Questar Wet Line agreement, attached hereto as Exhibit C, for transportation of the Excluded Production on the Questar Wet Line, (ii) the processing fee, electric compression, and fuel costs related to the Excluded Production paid by Producer to Chipeta pursuant to the Chipeta Processing Agreement; except where such fees, costs or charges were offset from the amount paid to Producer by Chipeta described in (a) above, and (iii) any deficiency payment paid by Producer to Chipeta under the Chipeta Processing Agreement to the extent caused, in whole or in part, by Gatherer, including, but not limited to, Gatherer’s failure to perform its obligations under this Agreement; except that, with respect to (iii) above, Net Uplift shall not include any deficiency payment paid by Producer to Chipeta under the Chipeta Processing Agreement to the extent caused by the routine maintenance of Gatherer’s Gathering System in accordance with Section 10.5 of this Agreement or a Gathering System Force Majeure event.
Examples of Net Uplift in a sentence
Producer agrees to pay Gatherer a process sharing fee equal to one-third of the Net Uplift realized downstream of the Delivery Points (“Process Sharing Fee”).