Common use of Annual True-Up Clause in Contracts

Annual True-Up. This cost or revenue is intended to cover changes in the estimated vs actual transportation costs, half of shared maintenance expenses, and estimated vs actual butane purchase costs. The cost or revenue is calculated by Energy Transfer Partners (“ETP”). Customer will pass ninety-five (95%) of this to Terminal Owner.

Appears in 4 contracts

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

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Annual True-Up. This cost or revenue is intended to cover changes in the estimated vs actual transportation costs, half of shared maintenance expenses, and estimated vs actual butane purchase costs. The cost or revenue is calculated by Energy Transfer Partners (“ETP”). Customer MPC will pass ninety-five percent (95%) of this to Terminal Owner.

Appears in 3 contracts

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

Annual True-Up. This cost or revenue is intended to cover changes in the estimated vs actual transportation costs, half of shared maintenance expenses, and estimated vs actual butane purchase costs. The cost or revenue is calculated by Energy Transfer Partners (“ETP”). Customer MPC will pass ninety-five (95%) of this to Terminal Owner.

Appears in 2 contracts

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

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Annual True-Up. This cost or revenue is intended to cover changes in the estimated vs actual transportation costs, half of shared maintenance expenses, and estimated vs actual butane purchase costs. The cost or revenue is calculated by Energy Transfer Partners (“ETP”). Customer MPC will pass ninety-five (95%) of this to Terminal Owner.

Appears in 1 contract

Samples: Terminal Services Agreement (MPLX Lp)

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