Y-Grade definition

Y-Grade means that raw make mixture of NGLs recovered after processing, but before fractionation, consisting primarily of propane and heavier NGLs. TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).

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Y-Grade means the combined stream of Liquid Hydrocarbons delivered by Amoco meeting the specifications in Exhibit “A”.

Y-Grade means unfractionated Product or NGLs as defined in Carrier’s Tariffs.

Examples of Y-Grade in a sentence

• The plant will produce industrial gases including ethane, propane, butane, n-butane and natural gasoline (CS+) products from incoming Y-Grade natural gas liquids (NGL's).

• The Y-Grade delivered by Amoco to MNGL shall meet the specifications set forth in Exhibit “A”.

• Such fees shall be determined on a calendar quarter basis by the following formulas: * Y-Grade Fee = [REDACTED] and 'Confidential Treatment Requested' * 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.

• Amoco further agrees that for any volumes of Y-Grade or Back-end Mixes that Amoco may now or in the future have available from plants that are not listed in Exhibit "A" and that are delivered to the Mont Belvieu Area and that can economically be delivered and fractionated at CBF versus alternative opportunities, that Amoco will offer such volumes to become dedicated to CBF and that if CBF accepts same, then such volumes shall become dedicated under the terms of this Agreement.

• Y-Grade GP, Y-Grade LP or another Target Company has legal, record and beneficial title to the Equity Interests of the other Target Companies (the “Subsidiary Interests”), free and clear of any and all Liens.

• Such fees shall be determined on a c▇▇▇▇▇▇r quarter basis by the following formulas: * Y-Grade Fee = [REDACTED] 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.

• This NGL mix (also referred to as “Y Grade”) is then either fractionated at the processing site into the five individual NGL components (known as purity products), which may be transported, stored and sold to end use markets, or transported as a Y-Grade to a regional fractionation facility.

• Warren further agrees that for any volumes of Y-Grade or Back-▇▇▇ ▇▇xes that Warren may now or in the future have available from plants tha▇ ▇▇▇ not listed in Exhibit "A" and that are delivered to the Mont Belvieu Area and that can economically be delivered and fractionated at CBF versus alternative opportunities, that Warren will offer such volumes to become dedicated to CBF and ▇▇▇▇ ▇f CBF accepts same, then such volumes shall become dedicated under the terms of this Agreement.

• The Partnership does not own or control, directly or indirectly, any corporation, association or other entity other than the Subsidiaries, Advantage, the Advantage Subsidiaries, White Cliffs, Black Diamond, Black ▇▇▇▇▇▇ Gathering Holdings, the Black Diamond Subsidiaries, the Dos ▇▇▇▇ Subsidiaries, Dos ▇▇▇▇ Crude Intermediate, Delaware Crossing, the Delaware Crossing Subsidiaries, EPIC Crude GP, EPIC Crude LP, EPIC Y-Grade GP, EPIC Y-Grade GP, the EPIC Crude Subsidiaries and the EPIC Y-Grade Subsidiaries.

• Any Fraud by the Target Companies shall be borne by the Sellers proportionally based on such Seller’s ownership percentage in Y-Grade LP.

More Definitions of Y-Grade

Y-Grade. LP” is defined in the Recitals.

Y-Grade means that raw make mixture of NGLs recovered after processing, but before fractionation, consisting primarily of propane and heavier NGLs.

Y-Grade means any Raw Product which will be fractionated by CBF's fractionation facility other than Back-End Mixes. "Y-GRADE FEE" shall have the meaning as ascribed to it in Article VII.