Annual Escalation. Effective as of July 1 of each Year, the Individual Fee will be increased by multiplying the then-applicable Individual Fee by the Escalation Percentage (herein, the “Increase in Fee”) and adding the then-applicable Individual Fee to the Increase in Fee; provided that Reimbursed Amounts shall not be subject to this Section 6.2(b). Such annual increase to the Individual Fee shall become effective on July 1 of the applicable Year, even if such Individual Fee was redetermined pursuant to Section 6.2(a), with an effective date during the same Year.
Appears in 12 contracts
Samples: Crude Oil Gathering Agreement (Noble Midstream Partners LP), Crude Oil Treating Agreement (Noble Midstream Partners LP), Texas Produced Water Services Agreement (Noble Midstream Partners LP)
Annual Escalation. Effective as of July 1 of each Year, the each Individual Fee will be increased by multiplying the then-then applicable Individual Fee (as increased for prior Years pursuant to this Section 6.2(b) or otherwise adjusted pursuant to this Agreement) by the Escalation Percentage (herein, the “Increase in Fee”) and adding the then-applicable Individual Fee to the Increase in FeePercentage; provided that Reimbursed Amounts shall not be subject to this Section 6.2(b). Such annual increase to the Individual Fee shall become effective on July 1 of the applicable Year, even if such Individual Fee was redetermined pursuant to Section 6.2(a), with an effective date during the same Year.
Appears in 3 contracts
Samples: Produced Water Services Agreement (Noble Midstream Partners LP), Fresh Water Services Agreement (Noble Midstream Partners LP), Produced Water Services Agreement (Noble Midstream Partners LP)
Annual Escalation. Effective as of July 1 of each Year, the Individual Fee will be increased by multiplying the then-applicable Individual Fee (as increased for prior Years pursuant to this Section 6.2(b) or otherwise adjusted pursuant to this Agreement) by the Escalation Percentage (herein, the “Increase in Fee”) and adding the then-applicable Individual Fee to the Increase in FeePercentage; provided that Reimbursed Amounts shall not be subject to this Section 6.2(b). Such annual increase to the Individual Fee shall become effective on July 1 of the applicable Year, even if such Individual Fee was redetermined pursuant to Section 6.2(a), with an effective date during the same Year.
Appears in 3 contracts
Samples: Texas Crude Oil Gathering Agreement (Noble Midstream Partners LP), Low Pressure Gas Gathering and Compression Agreement (Noble Midstream Partners LP), Gas Gathering Agreement (Noble Midstream Partners LP)
Annual Escalation. Effective as of July 1 of each Year, the Individual Fee will be increased by multiplying the then-applicable Individual Fee by the Escalation Percentage (herein, the “Increase in Fee”) and adding the then-applicable Individual Fee to the Increase in Fee; provided that Reimbursed Amounts to the extent any portion of the Individual Fee is calculated by reference to amounts paid by Midstream Co to a Third Party (including but not limited to amounts paid pursuant to clause (iii) of Section 5.1(a)), such amounts shall not be subject to this Section 6.2(b5.2(b). Such annual increase to the Individual Fee shall become effective on July 1 of the applicable Year, even if such Individual Fee was redetermined pursuant to Section 6.2(a5.2(a), with an effective date during the same Year.
Appears in 1 contract
Samples: Crude Oil Treating Agreement (Noble Midstream Partners LP)
Annual Escalation. Effective as of July 1 of each Year, the Individual Fee will be increased by multiplying the then-applicable Individual Fee (as increased for prior Years pursuant to this Section 6.2(b) or otherwise adjusted pursuant to this Agreement) by the Escalation Percentage (herein, the “Increase in Fee”) and adding the then-applicable Individual Fee to the Increase in FeePercentage; provided that Reimbursed Amounts shall not be subject to this Section Section 6.2(b). Such annual increase to the Individual Fee shall become effective on July 1 of the applicable Year, even if such Individual Fee was redetermined pursuant to Section Section 6.2(a), with an effective date during the same Year.
Appears in 1 contract
Samples: Crude Oil Gathering Agreement (Noble Midstream Partners LP)