Common use of Gathering Fees Associated with Expansion Capacity Clause in Contracts

Gathering Fees Associated with Expansion Capacity. Gathering Fees as a result of Expansion Capacity Requests occurring in the first five years after the Effective Date and up to a total of 1,100 MMcf per Day shall be calculated pursuant to Exhibit F. The Revised Gathering Fees that result from any Expansion will remain subject to the annual escalation, if applicable, and all other provisions herein which may further change the Gathering Fee from time-to-time. Detailed examples of how the Revised Gathering Fee is calculated with different expansion elections is illustrated in Exhibit F. Notwithstanding the above, in no event shall the Gathering Fee for the term of the Agreement exceed [***] or be less than [***] excluding adjustments to the Gathering Fee that result from operation of the following provisions in the Gathering and Treating Agreement: Subsection 4.2 (Annual Escalation), Subsection 9.2 (Annual Volume Commitments), Subsection 10 (Favored Nations), and Subsection 8.1(c) (Pressure), Section 6 (Expansion Capacity), and Section 7 (Additional Services). The Base Fees listed on Exhibit F are based upon specific design conditions and assumptions such as the time of construction, facilities, location of the facilities, flow rate, ratable volumes, etc. A copy of these design conditions/assumptions are found on Exhibit C and Exhibit D to this Agreement.

Appears in 2 contracts

Samples: Gas Gathering and Treating Agreement (Vine Resources Inc.), Gas Gathering and Treating Agreement (Vine Resources Inc.)

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Gathering Fees Associated with Expansion Capacity. Gathering Fees as a result of Expansion Capacity Requests occurring in the first five years after the Effective Date and up to a total of 1,100 1,000 MMcf per Day for FOR and a total of 700 MMcf per Day for WOR shall be calculated pursuant to Exhibit F. The Revised Gathering Fees that result from any Expansion will remain subject to the annual escalation, if applicable, and all other provisions herein which may further change the Gathering Fee from time-to-time. Detailed examples of how the Revised Gathering Fee is calculated with different expansion elections is illustrated in Exhibit F. Notwithstanding the above, in no event shall the Gathering Fee for the term of the Agreement exceed [***] or be less than [***] excluding adjustments to the Gathering Fee that result from operation of the following provisions in the Gathering and Treating Agreement: Subsection 4.2 (Annual Escalation), Subsection 9.2 (Annual Volume Commitments), Subsection 10 (Favored Nations), and Subsection 8.1(c) (Pressure), Section 6 (Expansion Capacity), and Section 7 (Additional Services). The Base Fees listed on Exhibit F are based upon specific design conditions and assumptions such as the time of construction, facilities, location of the facilities, flow rate, ratable volumes, etc. A copy of these design conditions/assumptions are found on Exhibit C and Exhibit D to this Agreement.

Appears in 2 contracts

Samples: Gas Gathering and Treating Agreement (Vine Resources Inc.), Gas Gathering and Treating Agreement (Vine Resources Inc.)

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