Throughput Charge definition

Throughput Charge means the Monthly charge payable by a Shipper to MDL being the sum of the amounts calculated in accordance with sections 19.1(a), 19.1(b) and 19.1(c).

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Throughput Charge means the charge referred to, and calculated in accordance

Throughput Charge means a charge determined in accordance with Section 3.2.1 in respect of Local Network Throughput Services, Section 3.4 in respect of Trunk Throughput Services or Section 3.5.1 in respect of Local Network Tariff Services, as applicable.

Examples of Throughput Charge in a sentence

Customer shall pay Company the amount of such Quarterly Deficiency Payment along with any Throughput Charge payable hereunder.
If Customer does not remove its Product from the Terminal on or before the date this Schedule terminates, except to the extent any delay in removal is caused by Company, Customer will pay a holdover fee of $0.05 per Barrel of Product per day in addition to any Throughput Charge.
Except as expressly provided in the Agreement in connection with an Outage, a Company Force Majeure or a Customer Force Majeure, if during any Calendar Quarter, Customer fails to satisfy its Minimum Quarterly Commitment in such Calendar Quarter, then Customer will pay Company a deficiency payment (each, a “Quarterly Deficiency Payment”) in an amount equal to the volume of the deficiency (the “Quarterly Deficiency Volume”) multiplied by the Throughput Charge.
For the avoidance of doubt, to the extent any Quarterly Deficiency Payment is applied to any Quarterly Surplus Volumes (such volumes being referred to as “Pre-Paid Volumes”), the Throughput Charge for such Pre-Paid Volumes shall be the Tier 1 Rate for the Calendar Quarter in which such Quarterly Deficiency Payment was made.
For each Month within a Calendar Quarter, the Throughput Charge applied to volumes tendered for such Month shall be based on a quarter-to-date calculation of the Minimum Monthly Commitment (as defined below), and the revenue billed for such Month shall be adjusted to reflect such quarter-to-date calculation.
By way of illustration only, if the User was allocated four (4) Unloading and Regasification Slots and the arithmetic average of the Gas Throughput Charge applicable to all Unloading and Regasification Slots was €0.55/MMBtu, the Base LC would be required to be issued for an amount of €7,920,000 (being 3,600,000 x €0.55 x 4).
By way of illustration only, if the User was allocated twenty-two (22) Unloading and Regasification Slots and the arithmetic average of the Gas Throughput Charge applicable to all Unloading and Regasification Slots was €0.55/MMBtu, the Base LC would be required to be issued for an amount of €40,000,000, because 3,600,000 x €0.55 x 22 equals €43,560,000, which exceeds €40,000,000.
For avoidance of doubt, movements of Product from the Terminal to the Refinery for processing at the Refinery and movements of Product out of the Refinery from processing to the Terminal are not considered throughput for which Customer will be charged a Throughput Charge.
Company shall provide throughput capacity at the Terminal to Customer in excess of the Minimum Quarterly Commitment on an “as available” basis, and any use of such excess capacity will be subject to the Throughput Charge.
Such Gas Throughput Charge is payable without regard to whether or not LNG is actually delivered by the User to the LNG Receipt Point.

More Definitions of Throughput Charge

Throughput Charge a monthly charge payable in arrears in each calendar month based upon the actual number of transactions processed by the Services in that calendar month at the rate set out when the Merchant accepted the online signup agreement. Transaction: a transaction is defined as a successful or declined pre-authorisation, full authorisation or refund; this includes 3D Secure authentication requirements. VAT: value added tax chargeable under English law for the time being and any similar additional tax.

Throughput Charge means the charge referred to, and calculated in accordance with, clause 7.3.

Throughput Charge a monthly charge payable in arrears in each calendar month based upon the actual number of Transactions processed by the Services in that calendar month (above any volume of “Inclusive

Throughput Charge means a monthly throughput charge for the transport of LSFO, Warm Up Stock, or Line Displacement Stock , as set forth in Section 3.3B. 29 "Transport Charge" means a monthly charge for transporting LSFO, Displacement Stock, and Warm Up Stock as set forth in Section 3.3.B. 30 "User Percentage" means the ratio calculated pursuant to Section 3.3C(v). 31 "Warm Up Stock" means any petroleum product used by Chevron to preheat any pipeline before an LSFO delivery to HECO's power plants and also used to flush the LSFO from the pipelines into Chevron storage tanks at the Refinery and HMT both before and after deliveries of LSFO to HECO's power plants. 32 "Year" means a calendar year.