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

Collection of Series EA Revenue Entitlement. (a) The Series EA Revenue Entitlement for each year will be collected on a monthly basis by the Partnership on behalf of Series EA through (i) the Eastern Access Surcharge, (ii) the collection of Allowance Oil Revenue applicable to Series EA Assets and (iii) the Qualifying Volume Adjustment. The Series EA Revenue Entitlement will be reduced by the Line 17 IJT Discount. (b) The Managing General Partner of the Series EA shall cause the Series EA Records to set forth the cumulative amount by which the Series EA Revenue Entitlement exceeds or is less than amounts actually collected, inclusive of carrying charges. (c) Neither the Series EA Revenue Entitlement, nor the amount of the Series EA Revenue Entitlement that is collected on behalf of Series EA in any period, will be reduced by any part of the revenue credit to the Eastern Access Surcharge specified in such Series EA Tariff Term Sheets.

Appears in 5 contracts

Samples: Agreement of Limited Partnership (Enbridge Energy Partners Lp), Limited Partnership Agreement (Enbridge Energy Partners Lp), Limited Partnership Agreement (Enbridge Energy Partners Lp)

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Collection of Series EA Revenue Entitlement. (a) The Series EA Revenue Entitlement for each year will be collected on a monthly basis by the Partnership on behalf of Series EA through (i) the Eastern Access Phase I Surcharge, the Eastern Access Phase II Surcharge, (ii) the collection of Allowance Oil Revenue applicable to Series EA Assets and (iii) the Qualifying Volume Adjustment. The Series EA Revenue Entitlement will be reduced by the Line 17 IJT Discount. (b) The Managing General Partner of the Series EA shall cause the Series EA Records to set forth the cumulative amount by which the Series EA Revenue Entitlement exceeds or is less than amounts actually collected, inclusive of carrying charges. (c) Neither the Series EA Revenue Entitlement, nor the amount of the Series EA Revenue Entitlement that is collected on behalf of Series EA in any period, will be reduced by any part of the revenue credit to the Eastern Access Surcharge specified in such Series EA Tariff Term Sheets.

Appears in 1 contract

Samples: Limited Partnership Agreement (Enbridge Energy Partners Lp)

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