Common use of Fuel and GLU Percentage Clause in Contracts

Fuel and GLU Percentage. Shipper shall pay a negotiated Fuel and GLU Percentage based on the receipt and delivery points of volumes transported by Shipper, as well as the physical gas flow direction on Transporter’s Gulf Coast Line. For the purpose of the calculations to be made under this provision, physical gas flow direction (north or south) on Transporter’s Gulf Coast pipeline shall be determined daily by analyzing the flow direction of the gas using appropriate measurement equipment (“Check Meter”) in or around White County, AR.

Appears in 4 contracts

Samples: Precedent Agreement, Precedent Agreement (Cheniere Energy Inc), Precedent Agreement (Cheniere Corpus Christi Holdings, LLC)

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