T&F Fee definition
Examples of T&F Fee in a sentence
The Gathering Fee set forth in the Gathering Agreement and the Processing Fee and the T&F Fee set forth in the Processing Agreement are being discounted as of the Effective Time for and in consideration of the delivery of additional volumes to C▇▇▇▇▇▇ G&P LLC (“C▇▇▇▇▇▇”) under the Comanche Agreement.
After the Effective Time (as defined in the Second Amendment), in the event that: (a) any Comanche Gas is no longer being delivered under the Comanche Agreement; or (b) delivery of any amounts of Comanche Gas referenced in clause (a) of this paragraph is restored, then, and in each such event, the Gathering Fee, the Processing Fee and the T&F Fee shall automatically be adjusted only on the following terms and conditions.
Said T&F Fee shall be adjusted simultaneously and proportionately to reflect actual transportation and fractionation fee changes incurred after October 31, 2007 by Buyer for gas purchased from Seller.
Commencing on January 1, 2017, and continuing for the Term of this Agreement, Customer and Eagle Ford agree that the Service Fee and the $[*****] portion of the T&F Fee shall be adjusted annually (effective on each January 1) by the percentage increase or decrease in the CPI-U for the preceding twelve-Month period determined by comparing the CPI-U for the November immediately preceding the applicable January 1 to the CPI-U for the prior November (“Inflation Adjustment”).