CO2 Quality Adjustment Fees Sample Clauses

CO2 Quality Adjustment Fees. In addition to the Base Exchange Differential, as adjusted, Customer shall pay Processor a CO2 quality adjustment fee (“Non-S&P CO2 Quality Adjustment Fee”) for each Dedicated Plant as specified below in this Section 3.7.A (i). For purposes of determining the Non-S&P CO2 Quality Adjustment Fees for each plant, the term “CO2 Content” shall mean the liquid volume percentage ratio of the Carbon Dioxide (“CO2”) to the ethane contained in the NGLs delivered hereunder. As further specified in Exhibit “Y”, if Customer tenders NGLs to Processor with a CO2 Content of greater than two and one-half percent (2.5%) by liquid volume of the ethane (hereinafter referred to as “Non-S&P High CO2 NGLs”), Processor shall have the right to reject such Non-S&P High CO2 NGLs from any Dedicated Plant. In such event, Processor shall, as soon as reasonably possible, notify Customer of its election to reject such Non-S&P High CO2 NGLs. If Processor accepts Non-S&P High CO2 NGLs, no additional CO2 quality fees other than the fees set forth in this Section shall be charged to Customer. Failure of Processor to exercise its right to refuse Non-S&P High CO2 NGLs from time to time shall not constitute a waiver of said right with respect to future deliveries of Non-S&P High CO2 NGLs pursuant to this Agreement. In addition, Customer shall use reasonable efforts to notify Processor when they have or expect to produce or deliver Non-S&P High CO2 NGLs. CO2 Quality Adjustment Fee, per Barrel of NGLs CO2 Content Delivered hereunder at the Delivery Point(s). 0.35% or less No Fee > 0.35%, but < 1.0% $0.10* 1.0%, but < 2.5% $0.50* 2.5% or more $2.00* * Each applicable CO2 Quality Adjustment fee shall be increased by 1.3 times after the Primary Term, such increase to be applicable during and after the Option Term, if applicable.
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CO2 Quality Adjustment Fees. Buyer shall deduct from the payments due Seller hereunder a CO2 quality adjustment fee ("CO2 Quality Adjustment Fee") if the CO2 Content (defined below) reaches or exceeds the levels hereinafter set forth in the table below. For purposes of determining the CO2 Quality Adjustment Fees. the term "CO2 Content" shall mean the liquid volume percentage ratio of carbon dioxide (CO2) to the ethane contained in the NGL's delivered hereunder at the Delivery Point. If Seller tenders NGL's to Buyer with a CO2 Content greater than the limit set forth in Exhibit Y at the Delivery Point, Buyer shall have no obligation to accept such NGL's. CO2 Content CO2 Quality Adjustment Fee, per Barrel of NGL's delivered hereunder ** **
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Related to CO2 Quality Adjustment Fees

  • Royalty Adjustments The following adjustments will be made, on a Product-by-Product and country-by-country basis, to the royalties payable pursuant to Section 3.5.1:

  • Contract Adjustment Payments Subject to Section 5.3 herein, the Company shall pay, on each Payment Date, the Contract Adjustment Payments payable in respect of each Purchase Contract to the Person in whose name a Certificate (or one or more Predecessor Certificates) is registered at the close of business on the Record Date next preceding such Payment Date. The Contract Adjustment Payments will be payable at the office of the Agent in The City of New York maintained for that purpose or, at the option of the Company, by check mailed to the address of the Person entitled thereto at such Person's address as it appears on the Income PRIDES Register or Growth PRIDES Register. Upon the occurrence of a Termination Event, the Company's obligation to pay Contract Adjustment Payments (including any accrued or Deferred Contract Adjustment Payments) shall cease. Each Certificate delivered under this Agreement upon registration of transfer of or in exchange for or in lieu of (including as a result of a Collateral Substitution or the re-establishment of an Income PRIDES) any other Certificate shall carry the rights to Contract Adjustment Payments accrued and unpaid, and to accrue Contract Adjustment Payments, which were carried by the Purchase Contracts underlying such other Certificates. Subject to Section 5.9, in the case of any Security with respect to which Early Settlement of the underlying Purchase Contract is effected on an Early Settlement Date that is after any Record Date and on or prior to the next succeeding Payment Date, Contract Adjustment Payments, if any, otherwise payable on such Payment Date shall be payable on such Payment Date notwithstanding such Early Settlement, and such Contract Adjustment Payments shall be paid to the Person in whose name the Certificate evidencing such Security (or one or more Predecessor Certificates) is registered at the close of business on such Record Date. Except as otherwise expressly provided in the immediately preceding sentence, in the case of any Security with respect to which Early Settlement of the underlying Purchase Contract is effected on an Early Settlement Date, Contract Adjustment Payments that would otherwise be payable after the Early Settlement Date with respect to such Purchase Contract shall not be payable. The Company's obligations with respect to Contract Adjustment Payments, will be subordinated and junior in right of payment to the Company's obligations under any Senior Indebtedness.

  • ADJUSTMENT OF CONTRACT PRICE The Contract Price shall be subject to adjustment, as hereinafter set forth, in the event of the following contingencies (it being understood by both parties that any reduction of the Contract Price is by way of liquidated damages and not by way of penalty):

  • Adjustment, etc Any adjustment, indulgence, forbearance or compromise that might be granted or given by any of the Lenders to Borrower or Guarantor or any Person liable on the Liabilities;

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

  • Minimum Adjustment The adjustments required by the preceding sections of this Article IV shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases by at least 1% the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Article IV and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence. In computing adjustments under this Article IV, fractional interests in Common Stock shall be taken into account to the nearest one-hundredth of a share.

  • CPI Adjustment In this Agreement, “CPI-Adjusted” in reference to an amount means that amount is adjusted under the following formula: N  C  (1 CPIn  CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

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