Common use of Fees and Consideration Clause in Contracts

Fees and Consideration. A. As full consideration for the services provided by MEA, MarkWest shall pay the following fees and MEA shall make the following deliveries: i. For the fractionation of Raw Make into Plant Products, by MEA, at Siloam, MarkWest shall pay MEA a Fractionation Fee equal to the gallons of Raw Make fractionated multiplied by $*. The Fractionation Fee covers, and is inclusive of the MEA's costs for fractionating Raw Make, loading Plant Products and above ground storage of Plant Products. ii. For the exclusive use of the Cavern, MarkWest shall pay MEA an Annual Storage Fee equal to $* for MEA storing MarkWest's Plant Products in the Cavern. iii. Should MarkWest deliver any Raw Make to Siloam by railcar, MEA shall unload the Raw Make for fractionation and MarkWest shall pay MEA an Unloading Fee of $* per gallon of Raw Make unloaded from railcars. iv. A portion of each of the Fractionation Fee, Annual Storage Fee and Unloading Fee (collectively, the "Fees") shall be subject to annual adjustments. *% of each of the Fees, shall be adjusted on an annual basis in proportion to the percentage change, from the preceding year, in the Producer Price Index for oil and gas field services (SIC 138) as published by the Department of Labor *Denotes Confidential Portion Omitted and Filed Separately with the Commission ("PPI"). The adjustment of the Fees shall be made effective January 1 of each year, and shall reflect the percentage change in the PPI as it existed for the immediately preceding January from the PPI for the second immediately preceding January. v. MEA shall deliver and load the Plant Products fractionated from MarkWest's Raw Make to the Product Delivery Points in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Fractionation, Storage and Loading Agreement (Markwest Energy Partners L P)

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Fees and Consideration. A. As full consideration for the services provided by MEAhereunder, MarkWest Producer shall pay the following applicable fees specified below and MEA Processor shall make redeliver to Producer the following deliveriesfollowing: i. For Processor shall redeliver at the fractionation of Raw Make into Plant ProductsRedelivery Point(s), for further handling by MEAProducer, at Siloam, MarkWest shall pay MEA a Fractionation Fee equal to the gallons of Raw Make fractionated multiplied by $*. The Fractionation Fee covers, and is inclusive of the MEA's costs for fractionating Raw Make, loading Plant Products and above ground storage of Plant ProductsProducer’s allocated Residue Gas. ii. For Processor shall redeliver at the exclusive use Redelivery Point(s), for disposal by Producer, Producer’s allocated Plant Products. Producer will sell its share of Plant Products to Anadarko Energy Services Company (“AESC”) under a separate agreement at the OPIS weighted average monthly posted product prices for Mont Belvieu for the Accounting Period in which the Plant Products were redelivered to Producer less (i) MAPL transportation charges paid by AESC for delivery of the Cavern, MarkWest shall pay MEA an Annual Storage Fee equal to $* for MEA storing MarkWest's Plant Products in the Cavernto Mont Belvieu; (ii) Mont Belvieu fractionation charges paid by AESC and (iii) 1¢ per gallon. iii. Should MarkWest deliver any Raw Make The quantity of each Plant Product attributable to Siloam Producer’s Gas shall be determined for each Process by railcarthe following formula: Quantity of Applicable Plant Product = A*B*C Where: A = the gallons of each respective Plant Product per Mcf, MEA shall unload as determined from the Raw Make chromatographic analysis specified in Article 5.5 of the General Terms and Conditions; and B = Producer’s Receipt Point(s) Volume in Mcf delivered to each Process; and C = the Fixed Recovery Percentage for fractionation and MarkWest shall pay MEA an Unloading Fee of $* per gallon of Raw Make unloaded from railcarsthe applicable Product. iv. A portion For each Receipt Point, the Plant Products Thermal Content shall be the total of the products of (A) the allocated gallons of each Plant Product multiplied by (B) the Gross Heating Value per gallon for each such Plant Product as published in the Standard Table of Physical Constants of Paraffin Hydrocarbons in GPA Publication 2145-95, “fuel as ideal Gas,” as the same might be revised from time to time. v. Producer shall be charged for Processing Plant Fuel Thermal Content, Processing Plant Flare Gas Thermal Content and Lost and Unaccounted For Gas Thermal Content which totaled together shall equal “FL&U”. FL&U shall initially be a fixed ** percent ( ** %) of the Fractionation Fee, Annual Storage Fee Producer’s Receipt Point Thermal Content and Unloading Fee (collectively, the "Fees") shall be subject to annual adjustments. *% redetermined each January 1 and July 1 beginning on January 1, 2009, based on the actual FL&U during periods of each normal operation of the FeesProcessing Plant over the previous six month period. vi. Producer’s share of Residue Gas will be equal to the sum of the Receipt Point(s) Thermal Content minus the total quantity of all Plant Product Thermal Content attributable to Producer’s Gas as calculated in Section 4.A.iv., above, minus Producer’s share of FL&U. vii. Producer shall pay to Processor a processing fee equal to the Receipt Point Thermal Content multiplied by $ ** (“Processing Fee”); provided that in the event ** , then the Processing Fee shall be increased as follows: viii. The Processing Fee described in this Section will be adjusted on an annual basis in proportion to the percentage change, from the preceding calendar year, in the Producer Consumer Price Index for oil and gas field services — All Urban Consumers (SIC 138“CPI-U Index”) as published by the U.S. Department of Labor *Denotes Confidential Portion Omitted and Filed Separately with the Commission ("PPI")Bureau of Labor Statistics. The foregoing adjustment of the Fees shall be made effective January 1, 2010 and each January 1 thereafter. In no event will the adjustment result in a decrease of each year, and shall reflect the percentage change in the PPI as it existed for the immediately preceding January Processing Fee from the PPI for last effective amount of the second immediately preceding JanuaryProcessing Fee. In the event that the CPI-U Index ceases to be published, Processor shall substitute a comparable alternative index in lieu thereof. v. MEA B. The Residue Gas redelivered to Producer pursuant to Section 4.A., above, shall deliver and load the Plant Products fractionated from MarkWest's Raw Make to the Product Delivery Points be disposed of by Producer in accordance with the terms provisions of this AgreementExhibit C, attached hereto and made a part hereof.

Appears in 1 contract

Samples: Gas Processing Agreement (Western Gas Partners LP)

Fees and Consideration. A. As full consideration for the services provided by MEA, MarkWest shall pay the following fees and MEA shall make the following deliveries: i. For the fractionation of Raw Make into Plant Products, by MEA, at Siloam, MarkWest shall pay MEA a Fractionation Fee equal to the gallons of Raw Make fractionated multiplied by $*. The Fractionation Fee covers, and is inclusive of the MEA's costs for fractionating Raw Make, loading Plant Products and above ground storage of Plant Products. ii. For the exclusive use of the CavernCavern for the underground storage of MarkWest's Plant Products, MarkWest shall pay MEA an Annual Storage Fee equal to $* for MEA storing MarkWest's Plant Products in the Cavern*. iii. Should MarkWest deliver any Raw Make to Siloam by railcar, MEA shall unload the Raw Make for fractionation and MarkWest shall pay MEA an Unloading Fee of $* per gallon of Raw Make unloaded from railcars. iv. A portion of each of the Fractionation Fee, Annual Storage Fee and Unloading Fee (collectively, the "Fees") shall be subject to annual adjustments. *Denotes Confidential Portion Omitted and Filed Separately with the Commission *% of each of the Fees, shall be adjusted on an annual basis in proportion to the percentage change, from the preceding year, in the Producer Price Index for oil and gas field services (SIC 138) as published by the Department of Labor *Denotes Confidential Portion Omitted and Filed Separately with the Commission ("PPI"). The adjustment of the Fees shall be made effective January 1 of each year, and shall reflect the percentage change in the PPI as it existed for the immediately preceding January from the PPI for the second immediately preceding January. v. MEA shall deliver and load the Plant Products fractionated from MarkWest's Raw Make to the Product Delivery Points in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Fractionation, Storage and Loading Agreement (Markwest Energy Partners L P)

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Fees and Consideration. A. As full consideration for the services provided by MEA, MarkWest shall pay the following fees and MEA shall make the following deliveries: i. For the fractionation of Raw Make into Plant Products, by MEA, at Siloam, MarkWest shall pay MEA a Fractionation Fee equal to the gallons of Raw Make fractionated multiplied by $*. The Fractionation Fee covers, and is inclusive of the MEA's costs for fractionating Raw Make, loading Plant Products and above ground storage of Plant Products. ii. For the exclusive use of the Cavern, MarkWest shall pay MEA an Annual Storage Fee equal to $* for MEA storing MarkWest's Plant Products in the Cavern. iii. Should MarkWest deliver any Raw Make to Siloam by railcar, MEA shall unload the Raw Make for fractionation and MarkWest shall pay MEA an Unloading Fee of $* per gallon of Raw Make unloaded from railcars. iv. A portion of each of the Fractionation Fee, Annual Storage Fee and Unloading Fee (collectively, the "Fees") shall be subject to annual adjustments. *% of each of the Fees, shall be adjusted on an annual basis in proportion to the percentage change, from the preceding year, in the Producer Price Index for oil and gas field services (SIC 138) as published by the Department of Labor ** Denotes Confidential Portion Omitted and Filed Separately with the Commission ("PPI"). The adjustment of the Fees shall be made effective January 1 of each year, and shall reflect the percentage change in the PPI as it existed for the immediately preceding January from the PPI for the second immediately preceding January. v. MEA shall deliver and load the Plant Products fractionated from MarkWest's Raw Make to the Product Delivery Points in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Fractionation, Storage and Loading Agreement (Markwest Energy Partners L P)

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