Common use of Blending Fees Clause in Contracts

Blending Fees. (i) Customer will pay Company an ethanol blending fee of $ 0.113 per Barrel of gasoline blended with ethanol at a blend ratio of 10% ethanol. All Ethanol shall be provided by Customer. For ethanol blended with gasoline at a blend ratio higher than 10% the Parties will negotiate in good faith an alternative blending fee for the incremental ethanol in excess of 10%, taking into account the actual incremental cost of service for providing the higher blend ratio.

Blending Fees. (i) Customer will pay Company an ethanol blending fee of $ 0.113 $0.071 per Barrel of gasoline blended with ethanol at a blend ratio of 10% ethanol. All Ethanol shall be provided by Customer. For ethanol blended with gasoline at a blend ratio higher than 10% the Parties will negotiate in good faith an alternative blending fee for the incremental ethanol in excess of 10%, taking into account the actual incremental cost of service for providing the higher blend ratio.