Common use of Adjustments to the Commitment Clause in Contracts

Adjustments to the Commitment. The Commitment will be decreased due to any of the following: (a) With respect to any period in which MPL is required to provide any of the Storage Tanks’ capacity to any third party in order to comply with any Applicable Law, the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks that is available for MPC’s use during such period; (b) With respect to any period in which MPL is unable to provide storage services with respect to the entire Commitment due to the occurrence of a Force Majeure event, then the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks that is available for MPC’s use during the period of such Force Majeure event; and (c) With respect to any period in which MPL is unable to provide storage services with respect to the entire Commitment due to MPL’s repair or maintenance activities, then the Commitment shall be reduced to equal the volume capacity in the Storage Tanks that is available for MPC’s use during the period of any such repair or maintenance activity. If the Commitment is reduced in accordance with this Section 4.2, then the Storage and Transportation Fee for any Month containing any portion of the period in which such reduction is in effect will be calculated based upon the average Commitment in effect during such Month.

Appears in 4 contracts

Samples: Storage Services Agreement (MPLX Lp), Storage Services Agreement (MPLX Lp), Storage Services Agreement (MPLX Lp)

AutoNDA by SimpleDocs

Adjustments to the Commitment. The Commitment will be decreased due to any of the following: (a) With respect to any period in which MPL MTS is required to provide any of the Storage Tanks’ Cavern’s capacity to any third party in order to comply with any Applicable Law, the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks Cavern that is available for MPC’s use during such period; (b) With respect to any period in which MPL MTS is unable to provide storage services with respect to the entire Commitment due to the occurrence of a Force Majeure event, then the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks Cavern that is available for MPC’s use during the period of such Force Majeure event; and; (c) With respect to any period in which MPL MTS is unable to provide storage services with respect to the entire Commitment due to MPLMTS’s repair or maintenance activities, then the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks Cavern that is available for MPC’s use during the period of any such repair or maintenance activity; and (d) With respect to any period in which MTS is unable to provide storage services with respect to the entire Commitment due to structural changes in the Cavern, then MPC’s obligations shall be reduced to equal the volume of capacity in the Cavern that is available for MPC’s use following such structural changes. If the Commitment is reduced in accordance with this Section 4.2, then the Storage and Transportation Fee for any Month containing any portion of the period in which such reduction is in effect will be calculated based upon the average Commitment in effect during such Month.

Appears in 1 contract

Samples: Storage Services Agreement (MPLX Lp)

Adjustments to the Commitment. The Commitment will be decreased due to any of the following: (a) With respect to any period in which MPL is required to provide any of the Storage Tanks’ capacity to any third party in order to comply with any Applicable Law, the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks that is available for MPC’s use during such period; (b) With respect to any period in which MPL is unable to provide storage services with respect to the entire Commitment due to the occurrence of a Force Majeure event, then the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks that is available for MPC’s use during the period of such Force Majeure event; and (c) With respect to any period in which MPL is unable to provide storage services with respect to the entire Commitment due to MPL’s repair or maintenance activities, then the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks that is available for MPC’s use during the period of any such repair or maintenance activity. If the Commitment is reduced in accordance with this Section 4.2, then the Storage and Transportation Fee for any Month containing any portion of the period in which such reduction is in effect will be calculated based upon the average Commitment in effect during such Month.

Appears in 1 contract

Samples: Storage Services Agreement (MPLX Lp)

AutoNDA by SimpleDocs

Adjustments to the Commitment. The Commitment will be decreased due to any of the following: (a) With respect to any period in which MPL MTS is required to provide any of the Storage Tanks’ Cavern’s capacity to any third party in order to comply with any Applicable Law, the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks Cavern that is available for MPC’s use during such period; (b) With respect to any period in which MPL MTS is unable to provide storage services with respect to the entire Commitment due to the occurrence of a Force Majeure event, then the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks Cavern that is available for MPC’s use during the period of such Force Majeure event; and; (c) With respect to any period in which MPL MTS is unable to provide storage services with respect to the entire Commitment due to MPLMTS’s repair or maintenance activities, then the Commitment shall be reduced to equal the volume of capacity in the Storage Tanks Cavern that is available for MPC’s use during the period of any such repair or maintenance activity. If the Commitment is reduced in accordance with this Section 4.2, then the Storage and Transportation Fee for ; and (d) With respect to any Month containing any portion of the period in which MTS is unable to provide storage services with respect to the entire Commitment due to structural changes in the Cavern, then MPC’s obligations shall be reduced to equal the volume of capacity in the Cavern that is available for MPC’s use following such reduction is in effect will be calculated based upon the average Commitment in effect during such Monthstructural changes.

Appears in 1 contract

Samples: Storage Services Agreement (MPLX Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!