True-Up Fee definition
True-Up Fee has the meaning given to such term in Section 3.1(c). “Withdrawal Date” has the meaning given to such term in Section 3.9. “Withdrawal Fee” has the meaning given to such term in Section 3.1(a).
True-Up Fee has the meaning given in Section 5(g).
True-Up Fee shall equal (i) the gathering fee in effect on the last Day of such MCQ Contract Year plus (ii) the mathematical average of the monthly treating fee that has been charged for each Month of the applicable MCQ Contract Year. Shipper shall pay the undisputed invoiced amount within thirty (30) Days from receipt thereof. Year 1 (partial) -2010 360.4 81.090 Year 2 – 2011 418.9 152.899 Year 3 – 2012 651.9 238.595 Year 4 – 2013 887.8 324.047 Year 5 – 2014 1,009.9 368.614 Year 6 (partial) – 2015 1,021.9 143.066
Examples of True-Up Fee in a sentence
Gatherer shall submit the invoice to Shipper setting forth the Total Available Gas for such MCQ Contract Year, the applicable True-Up Fee and the True-Up Payment due.
The amount of the invoiced true-up payment (“True-Up Payment”) shall be calculated as follows: multiply (x) the positive difference between the Minimum Annual Quantity for such MCQ Contract Year minus the total volume of Total Available Gas for such MCQ Contract Year by (y) the True-Up Fee.