Examples of Throughput Fees in a sentence
Payment of any Throughput Fees or Shortfall Payment pursuant to this Section 2 shall be made by wire transfer of immediately available funds to an account designated in writing by the Logistics Entity.
The Client shall pay all undisputed fees and expenses related to services and products received prior to the effective date of termination.
If, for any Contract Quarter, Actual Shipments are less than the Minimum Throughput Commitment, then the Refining Entity shall pay the Logistics Entity an amount (a “Shortfall Payment”) equal to the difference between (i) the Minimum Throughput Commitment multiplied by the Base Throughput Fee and (ii) the aggregate Throughput Fees for such Contract Quarter payable under Section 2(b)(i) and Section 2(b)(ii).
The Logistics Entity shall invoice the Refining Entity monthly (or in the case of Shortfall Payments, quarterly), including for an estimated amount of Additional Throughput Fees calculated on an average basis for such month (with a true up in the invoice for the final month of each Contract Quarter for any overpayments or underpayments of Additional Throughput Fees during such Contract Quarter).
No later than the 15th day of each Month after the Commencement Date, Carrier shall deliver to Shipper a statement for transportation services provided in the preceding Month setting forth (i) the volumes of Shipper’s Crude Oil (in Barrels) received at the Origin Point in that preceding Month, (ii) the Throughput Fees for that preceding Month, (iii) any adjustments for prior periods, and (iv) all other amounts due by Shipper hereunder, including any Deficiency Payments.
The Parties agree that the Throughput Fees, the Annual Volume Commitment, and the other provisions contained herein are essential to support the respective commitments of the Parties as described in this Agreement.
Xxxx shall have no liability or obligation for, (1) meeting any Minimum Throughput Commitment under Section 2(b), (2) any Shortfall Payments under Section 2(e), (3) any amounts payable under Section 2(h) (other than Throughput Fees for Actual Throughput of X.
However, costs incurred by Logistics for replacement of loading systems or software or other upgrades made at the request of Lion shall be recoverable from Lion either as a lump sum payment or through an increase in Throughput Fees.
Payment of any Throughput Fees or Shortfall Payment pursuant to this Section 4.4 shall be made by wire transfer of immediately available funds to an account designated in writing by Partnership.
Shipper agrees to not oppose changes to the Throughput Fee that Carrier makes during the Term pursuant to this Section 4.5. The Throughput Fees are based upon the Annual Volume Commitment, which shall be maintained throughout the Term until this Agreement is terminated or cancelled.