Common use of Collection of Series AC Revenue Entitlement Clause in Contracts

Collection of Series AC Revenue Entitlement. (a) The Series AC Revenue Entitlement for each year will be collected on a monthly basis by the Partnership on behalf of the Series AC through the surcharge provided for in Section 3 “Revenue Requirement” of the Series AC Tariff Term Sheet (excluding any reduction attributable to the “Revenue Credit” provided for in Section 13 of the Series AC Tariff Term Sheet that is collected through the base system tolls) that is levied during that year with respect to the projected level of costs and throughput volumes, including the adjustment provided for in Section 4 “Revenue Requirement Adjustment” of the Series AC Tariff Term Sheet for over or under collection that is included in the surcharge levied in the year following the year of such over or under collection, inclusive of carrying charges. (b) The Managing General Partner of the Series AC shall cause the Series AC Records to set forth the cumulative amount by which the Series AC Revenue Entitlement exceeds or is less than amounts actually collected, inclusive of carrying charges. (c) Neither the Series AC Revenue Entitlement, nor the amount of the Series AC Revenue Entitlement that is collected on behalf of Series AC in any period, will be reduced by any part of the revenue credit to the Alberta Clipper Surcharge specified in Section 13 of the Series AC Tariff Term Sheet.

Collection of Series AC Revenue Entitlement. (a) The Series AC Revenue Entitlement for each year will be collected on a monthly basis by the Partnership on behalf of the Series AC through the surcharge provided for in Section 3 “Revenue Requirement” of the Series AC Tariff Term Sheet (excluding any reduction attributable to the “Revenue Credit” provided for in Section 13 of the Series AC Tariff Term Sheet that is collected through the base system tolls) that is levied during that year with respect to the projected level of costs and throughput volumes, volumes including the adjustment provided for in Section 4 “Revenue Requirement Adjustment” of the Series AC Tariff Term Sheet for over or under collection that is included in the surcharge levied in the year following the year of such over or under collection, inclusive of carrying charges. (b) The Managing General Partner of the Series AC shall cause the Series AC Records to set forth the cumulative amount by which the Series AC Revenue Entitlement exceeds or is less than amounts actually collected, inclusive of carrying charges. (c) Neither the Series AC Revenue Entitlement, nor the amount of the Series AC Revenue Entitlement that is collected on behalf of Series AC in any period, will be reduced by any part of the revenue credit to the Alberta Clipper Surcharge specified in Section 13 of the Series AC Tariff Term Sheet.