Lorton Landfill Residue Disposal Credit/Rebate Sample Clauses

Lorton Landfill Residue Disposal Credit/Rebate. (a) If, during any Billing Month during the Initial Term and, if applicable, the Renewal Term, the Company disposes of any amount of Residue from the Facility at the Lorton Landfill, then the Company shall, as a credit offset to the Acceptance Fee payable by the Jurisdictions (the “Residue Disposal Credit”) equal to the product of (i) the number of Tons of Residue disposed at the Lorton Landfill for the Billing Month (based on scale records from the Lorton Landfill), multiplied by (ii) the positive difference, if any, between (A) 50% of the Base Tipping Fee then in effect; and (B) the per Ton gate fee charged the Company at the Lorton Landfill for disposal of Residue generated at the Facility; provided, that in no event shall the per Ton credit or rebate exceed (x) $5.50 per Ton of Residue (unescalated) during the Initial Term, and (y) $9.50 per Ton of Residue (unescalated) during the Renewal Term. For avoidance of doubt, the Residue Disposal Credit shall never be a negative number. (b) If, during any Billing Month during the Initial Term and, if applicable, the Renewal Term, the Residue Disposal Credit is greater than the Acceptance Fee for the particular Billing Month, then the Company shall pay the Jurisdictions the amount (the “Residue Disposal Rebate”) by which (i) the Residue Disposal Credit exceeds (ii) the Acceptance Fee, within sixty (60) days following the end of the Billing Month to an account designated in writing by the Jurisdictions. (c) If, during any Billing Month, the Company does not dispose of any amount of Residue from the Facility at the Lorton Landfill, the Jurisdictions shall not receive any Residue Disposal Credit and the Company shall not have any obligation to pay any rebate for disposal of Residue at the Lorton Landfill to the Jurisdictions for such Billing Month in accordance with Section 4.4(a) or (b).
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Related to Lorton Landfill Residue Disposal Credit/Rebate

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  • Waste Disposal Tenant shall store its waste either inside the Premises or within outside trash enclosures that are fully fenced and screened in compliance with all Private Restrictions, and designed for such purpose. All entrances to such outside trash enclosures shall be kept closed, and waste shall be stored in such manner as not to be visible from the exterior of such outside enclosures. Tenant shall cause all of its waste to be regularly removed from the Premises at Tenant’s sole cost. Tenant shall keep all fire corridors and mechanical equipment rooms in the Premises free and clear of all obstructions at all times.

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