FERC Adjustment. Each Applicable Tariff shall be adjusted on July 1 of each index year during the Applicable Term by an amount equal to the percentage change, if any, between the two (2) immediately preceding index years, in the Federal Energy Regulation Commission Oil Pipeline Index (the “FERC Oil Pipeline Index”); provided, however, that if the percentage change, if any, between the two (2) immediately preceding index years in the FERC Oil Pipeline Index is negative, then there will be no change to the Applicable Tariffs.
Appears in 5 contracts
Samples: Master Throughput Agreement (Holly Energy Partners Lp), Master Throughput Agreement (Holly Energy Partners Lp), Master Throughput Agreement (HollyFrontier Corp)
