Calculation of Throughput and Empty Handling Charges Sample Clauses

Calculation of Throughput and Empty Handling Charges i. Following expiration of Carrier’s initial Commitment Discount Level, the throughput and empty handling charges payable by the Carrier for each half-year period shall be calculated by reducing the Base Rate then in effect under this Agreement by the discount for Carrier’s Commitment Discount Level then in effect. ii. These discounts are as follows: Container Volume Loaded Throughput Discount Empty Handling Charge Discount 10,001 to 15,000 5.8% 5.8% 15,001 to 25,000 11.7% 11.7% 25,001 to 35,000 17.5% 17.5% 35,001 to 50,000 22.2% 22.2% 50,001 to 75,000 28.7% 28.7% 75,001 to 110,000 33.9% 33.9% 110,001 to 150,000 35.7% 35.7% 150,001 to 175,000 38.0% 38.0% 175,001 to 200,000 40.4% 40.4% 200,001 to 250,000 42.7% 42.7% 250,001 or more 44.7% 44.7% In calculating the percentage discount, fractions of $0.01 shall be rounded to the nearest xxxxx, provided that fractions of $0.005 shall be rounded up to $0.01. iii. No credits shall be granted by PHA, nor additional charges assessed by PHA, in the event the Container Volume actually experienced during a six-month period is more or less than the Container Volume for such period as determined in Section 3(f)(iv) or 3(f)(v). iv. The reduction in throughput and empty charges hereunder resulting from application of Commitment Discounts to loaded throughput and empty handling charges, based on annualized Container Volume, shall be deemed to comprise an additional portion of the Commitment Discount provided to Carrier. v. If during the Term of this Agreement, PHA enters into a lease agreement with a third party terminal operator for operation of a container terminal facility (“Future PHA-Third Party Leased Facility”) within the Terminal Region (as hereinafter defined), Carrier’s loaded containers that are moved through such terminal facility may be counted toward Carrier’s Container Volume for the applicable Determination Period in determining Carrier’s Commitment Discount under this Agreement.
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