Common use of Storage Fees Clause in Contracts

Storage Fees. (A) For the first Lease Year, Lessee shall pay Lessor annual rent at the rate of *** per barrel per year (the “Base Storage Rental Rate”) for the volume leased under this Lease. Commencing with the first day of the second Lease Year, and on the first day of each subsequent Lease Year, the annual rent shall be adjusted as follows: one-half of the Base Storage Rental Rate shall remain fixed, and one-half shall be revised annually based on a seasonally adjusted implicit price deflator in order to determine a new rental rate known as the “Adjusted Rental Rate.” The Adjusted Rental Rate shall be determined in accordance with the following formula: *** per barrel + [*** per barrel X Annual Index / Base Index] = Adjusted Rental Rate Where: “Base Index” is the final seasonally adjusted implicit price deflator figure for the calendar year 2005 under the Gross Domestic Product column of the “Implicit Price Deflators for Gross Domestic Product” table (2000=100); and

Storage Fees. (A) For the first Lease Year, Lessee shall pay Lessor annual rent at the rate of *** per barrel per year (the “Base Storage Rental Rate”) for the volume leased under this Lease. Commencing with the first day of the second Lease Year, and on the first day of each subsequent Lease Year, the annual rent shall be adjusted as follows: one-half of the Base Storage Rental Rate shall remain fixed, and one-half shall be revised annually based on a seasonally adjusted implicit price deflator in order to determine a new rental rate known as the “Adjusted Rental Rate.” The Adjusted Rental Rate shall be determined in accordance with the following formula: *** per barrel + [*** per barrel X Annual Index / Base Index] = Adjusted Rental Rate Where: “Base Index” is the final seasonally adjusted implicit price deflator figure for the calendar year 2005 under the Gross Domestic Product column of the “Implicit Price Deflators for Gross Domestic Product” table (2000=100); and

Storage Fees. (A) For the first Lease Year, Lessee shall pay Lessor annual rent at the rate of *** per barrel per year (the “Base Storage Rental Rate”) for the volume leased under this Lease. Commencing with the first day of the second Lease Year, and on the first day of each subsequent Lease Year, the annual rent shall be adjusted as follows: one-half of the Base Storage Rental Rate shall remain fixed, and one-half shall be revised annually based on a seasonally adjusted implicit price deflator in order to determine a new rental rate known as the “Adjusted Rental Rate.” The Adjusted Rental Rate shall be determined in accordance with the following formula: *** per barrel + [*** per barrel X Annual Index / Base Index] = Adjusted Rental Rate Where: “Base Index” is the final seasonally adjusted implicit price deflator figure for the calendar year 2005 under the Gross Domestic Product column of the “Implicit Price Deflators for Gross Domestic Product” table (2000=100); and

Storage Fees. (A) For the first Lease Year, Lessee shall pay Lessor annual rent at the rate of *** per barrel per year (the “Base Storage Rental Rate”) for the volume leased under this Lease. Commencing with the first day of the second Lease Year, and on the first day of each subsequent Lease Year, the annual rent shall be adjusted as follows: one-half of the Base Storage Rental Rate shall remain fixed, and one-half shall be revised annually based on a seasonally adjusted implicit price deflator in order to determine a new rental rate known as the “Adjusted Rental Rate.” The Adjusted Rental Rate shall be determined in accordance with the following formula: *** per barrel + [*** per barrel X Annual Index / Base Index] = Adjusted Rental Rate Where: “Base Index” is the final seasonally adjusted implicit price deflator figure for the calendar year 2005 under the Gross Domestic Product column of the “Implicit Price Deflators for Gross Domestic Product” table (2000=100); and