Common use of Low Purity Fee Clause in Contracts

Low Purity Fee. For all crude helium plants, the United States agrees to accept crude helium that is below 65 percent helium by volume, but will not credit to Person’s storage account crude helium that is less than 50 percent helium by volume. If Person delivers crude helium that is greater than 50 percent but less than 65 percent helium by volume, Person agrees to pay a low purity fee of 2 percent per Mcf of the posted price at which suppliers of Federal users may purchase crude helium during the Fiscal Year.

Low Purity Fee. For all crude helium plants, the United States agrees and Purchaser, as applicable, agree to accept crude helium that is below 65 percent helium by volume, but will not credit to Person’s storage account crude helium that is less than 50 percent helium by volume. If Person delivers Secondary Private Helium that is crude helium that is greater than 50 percent but less than 65 percent helium by volume, Person agrees to pay a low purity fee of 2 percent $2.50 per Mcf of the posted price at which suppliers of Federal users may purchase crude helium during the Fiscal Year.per year.‌