Common use of DISPOSAL OF WASHWATER Clause in Contracts

DISPOSAL OF WASHWATER. NESI shall pay USL to dispose of Washwater at the rate of $1.50 per barrel of Washwater. On the Adjustment Date, the rate shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index as of the Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the result by $1.50. If the net change in the Consumer Price Index is negative, then the rate for disposal of Washwater shall be $1.50 per barrel. The disposal of Washwater shall be for the benefit of NESI, and USL shall provide NESI with billing information specified by NESI to enable NESI to bill xxx customer or customers for whose account any related cleaning services were performed.

Appears in 1 contract

Samples: Payment Agreement (Newpark Resources Inc)

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DISPOSAL OF WASHWATER. NESI shall pay USL to dispose of Washwater at the rate of $1.50 per barrel of Washwater. On the each Adjustment Date, the rate shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index as of the that Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the result by $1.50. If the net change in the Consumer Price Index is negative, then the rate for disposal of Washwater shall be $1.50 per barrel. The disposal of Washwater shall be for the benefit of NESI, and USL shall provide NESI with billing information specified by NESI to enable NESI to bill xxx customer or customers for whose account any related cleaning services were performed.

Appears in 1 contract

Samples: Option Agreement (Newpark Resources Inc)

DISPOSAL OF WASHWATER. NESI shall pay USL to dispose of Washwater at the rate of $1.50 per barrel of Washwater. On the each Adjustment Date, the rate shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index as of the that Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the result by $1.50. If the net change in the Consumer Price Index is negative, then the rate for disposal of Washwater shall be $1.50 per barrel. The disposal of Washwater shall be for the benefit of NESI, and USL shall provide NESI with billing information specified by NESI to enable NESI to bill xxx the customer or customers for whose account any related cleaning services xxxvices were performed.

Appears in 1 contract

Samples: Option Agreement (U S Liquids Inc)

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DISPOSAL OF WASHWATER. NESI shall pay USL to dispose of Washwater at the rate of of $1.50 1. 50 per barrel of Washwater. On the Adjustment Date, the rate shall be adjusted by (i) adding to the Base Rate 70% of the positive amount, if any, determined by subtracting the Base Rate from the Consumer Price Index as of the Adjustment Date, (ii) dividing said sum by the Base Rate, and (iii) multiplying the result by $1.50. If the net change in the Consumer Price Index is negative, then the rate for disposal of Washwater shall be $1.50 per barrel. The disposal of Washwater shall be for the benefit of NESI, and USL shall provide NESI with billing information specified by NESI to enable NESI to bill xxx the customer or customers for whose account any related cleaning services xxxvices were performed.

Appears in 1 contract

Samples: Payment Agreement (U S Liquids Inc)

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