T&F Costs definition

T&F Costs means all Transportation Costs and the costs and expenses incurred in connection with the receipt and fractionation of Raw Product received by DLMT from DMSLP or that would have been incurred if fractionated, including any loss allowance imposed at the applicable fractionator. For the first five years during the term of this Agreement, the fractionation portion of the T&F Costs shall be a per Gallon fractionation fee calculated on a calendar quarter basis as follows: * Y-Grade Fee = [REDACTED] "Confidential Treatment Requested" and * Back-End-Fee = [REDACTED] Where: FUEL = The fuel cost (in $/MMBtu) equivalent to the Houston Ship Channel Index of INSIDE FERC'S GAS MARKET REPORT, for natural gas (large packages) for the preceding calendar * quarter plus [REDACTED] per MMBTU. ELEC = The combined average cost of purchased electricity (in CENTS/KWH) at the Fractionator for the preceding calendar quarter. CPIU = The combined average Consumer Price Index, as published by the United States Department of Labor, for the preceding calendar quarter. Either Party shall have the right to initiate a renegotiation of either or both of the above fees and fee formulas to be effective on * any or each of the [REDACTED] of the Effective Date (the "Price Change Dates") by giving the other Party at least ninety (90) Days and no more than one hundred fifty (150) Days notice prior to any of the Price Change Dates. Such negotiations shall commence immediately upon the date of receipt of such notice by the other Party and continue for at least sixty (60) Days thereafter (the "Negotiation Period"). During the Negotiation Period, each Party shall submit to the other Party one or more written offers for the new fee or fees. If the Parties are unable to agree to the new fee or fees by the end of the Negotiation Period, either Party shall have the right to have the new fee or fees re-determined in accordance with the alternative dispute resolution procedures set forth in Section 23 hereinafter, provided that if the matter is submitted for arbitration, the arbitrator's choice shall be based on a determination of which of the Parties' final offers most closely approximates the then current fair market rate for the fractionation and other services provided by or on behalf of DLMT to DMSLP, based on a five Year term for volumes and composition of Raw Product similar to that then being tendered hereunder by DMSLP, and with the market area for comparison being the Mont Belvieu Area.
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T&F Costs means all Transportation Costs and all costs and expenses reasonably incurred in connection with the receipt, fractionation and sale or resale of Refinery Products received by WPC from CPC. It is understood and agreed that any fractionation costs that are incurred at a facility owned and/or controlled by WPC or any of its Affiliates shall not exceed the lesser of (i)
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T&F Costs means all Transportation Costs and all costs and expenses reasonably incurred in connection with the receipt, fractionation and sale or resale of Refinery Products received by DMS from CPC. It is understood and agreed that any fractionation costs that are incurred at a facility owned and/or controlled by DMS or any of its Affiliates shall not exceed the lesser of (i) the fair market value for such fractionation services or (ii) the fees charged by DMS or its Affiliates to CUSA in connection with the fractionation of natural gas liquids (other than Refinery Products) owned by CUSA and purchased by DMS. 'Confidential Treatment Requested'
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Examples of T&F Costs in a sentence

  • At its option, UPR may initiate negotiations with UPFUELS to lock in some or all of the fractionation fees and associated fractionation costs included in T&F Costs charged to UPR hereunder with respect to Subject NGLs. Such lock-in rates and costs shall be mutually acceptable to UPR and UPFUELS and the lock-in period shall be for a period of not less than six Months.

  • If and to the extent that Acquiror collects all or any portion of the TF Costs from Tenants, and Acquiror has already been reimbursed, from the Capital Improvements Fund, for such TF Costs, then Acquiror shall deliver to JB those monies that Acquiror receives from Tenants as reimbursement for TF Costs, and JB shall be solely and entirely responsible for the distribution of such TF Costs monies to Contributor.

  • NETBACK PRICE shall mean the price obtained by Dynegy in an arm's length sale of NGLs to a third Person who is not an Affiliate of Dynegy, or in a sale under an existing TEPI or TNGI contract administered by Dynegy as TEPI's or TNGI's agent, less Transportation Costs and/or T&F Costs that are reasonably incurred in connection therewith.


More Definitions of T&F Costs

T&F Costs means (i) all direct Transportation Costs, (ii) fractionation fees incurred pursuant to contracts with the fractionator(s) of the Subject NGLs, including but not limited to any loss at such fractionator(s) and (iii) all other reasonably incurred direct costs and expenses (including but not limited to the Marketing Fee, if applicable) necessary to fractionate Subject NGLs. It is understood and agreed that (i) T&F Costs shall not include any portion of UPFUELS' general and administrative costs and expenses and (ii) any T&F Costs directly or indirectly charged to UPR hereunder by an Affiliate of UPFUELS shall not exceed the fair market value of the same or comparable goods and services that would have been charged to UPR in an arm's-length transaction between Persons who are not Affiliates.
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T&F Costs means all Transportation Costs and all costs and expenses reasonably incurred in connection with the receipt, fractionation and sale or resale of Refinery Products received by WPC from CPC. It is understood and agreed that any fractionation costs that are incurred at a facility owned and/or controlled by WPC or any of its Affiliates shall not exceed the lesser of (i) the fair market value for such fractionation services or (ii) the fees charged by WPC or its Affiliates to CUSA in connection with the fractionation of natural gas liquids (other than Refinery Products) owned by CUSA and purchased by WPC. Transportation Costs shall mean all costs and expenses reasonably incurred in connection with the transportation of Feedstock(s) and/or Refinery Product(s) hereunder, including, without limitation, rail car, barges, and truck costs, Feedstock and/or Refinery Product losses that occur during transportation for reasons other than the negligence or willful misconduct of WPC and all costs and expenses reasonably incurred in loading, unloading, transporting, terminaling, storing (if required), and handling such Feedstock(s) and/or Refinery Products. It is understood and agreed that Transportation Costs shall not include any portion of WPC's general and administrative costs and expenses, but will include amounts paid by WPC to CPC in connection with the Propane rail cars owned or leased by CPC but operated by WPC in connection with the services rendered by WPC to CPC pursuant to the Feedstock and Refinery Products Master Services Agreement of even date herewith between CPC and WPC. With respect to barges and trucks owned by WPC or its Affiliates, the applicable Transportation Costs shall not exceed the fair market value of the use of such barges and trucks in transporting Feedstocks and/or Refinery Products hereunder. When WPC purchases Feedstocks for resale to the Refinery at a delivered price (i.e., which includes the price for such Feedstock and Transportation Costs), the Transportation Costs charged to CPC shall not exceed the fair market value for such transportation services, which shall be determined with reference to transportation services rendered to non-affiliated third Persons that are comparable in time, quality, distance transported and type of Feedstock transported. Type A Offspec Refinery Product shall have the meaning specified in Section 7.2 hereinafter.
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Related to T&F Costs

  • Costs For any Person, any claims, losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other costs and expenses of such Person.

  • Expenses shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including, without limitation, all reasonable attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial services and all other disbursements, obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding (as defined below), including reasonable compensation for time spent by Indemnitee for which he or she is not otherwise compensated by the Company or any third party. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding (as defined below), including without limitation the principal, premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

  • FTE Costs means the FTE Rate multiplied by the applicable number of FTEs who perform a specified activity pursuant to this Agreement.

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender: