Common use of Minimum Pipeline Delivery Revenue Commitment Clause in Contracts

Minimum Pipeline Delivery Revenue Commitment. During the Term and subject to the terms and conditions of this Agreement, Frontier El Dorado agrees as follows: (i) Subject to Xxxxxxx 0, Xxxxxxxx Xx Xxxxxx shall pay El Dorado Logistics throughput fees for pipeline delivery services that will satisfy the Minimum Pipeline Delivery Revenue Commitment in exchange for El Dorado Logistics providing Frontier El Dorado a minimum of 120,000 barrels per day of aggregate delivery capacity from the Tankage. The “Minimum Pipeline Delivery Revenue Commitment” shall be an amount of revenue to El Dorado Logistics for each Contract Quarter determined by multiplying FIRST AMENDED AND RESTATED PIPELINE DELIVERY, TANKAGE AND LOADING RACK THROUGHPUT AGREEMENT (EL DORADO) the Minimum Pipeline Delivery Throughput by the Pipeline Delivery Base Tariff as such Pipeline Delivery Base Tariff may be revised pursuant to Section 2(a)(iii) or Section 2(m). Notwithstanding the foregoing, in the event that the Closing Date is any date other than the first day of a Contract Quarter, then the Minimum Pipeline Delivery Revenue Commitment for the initial Contract Quarter shall be prorated based upon the number of days actually in such contract quarter and the initial Contract Quarter.

Minimum Pipeline Delivery Revenue Commitment. During the Term and subject to the terms and conditions of this Agreement, Frontier El Dorado agrees as follows: (i) Subject to Xxxxxxx 0, Xxxxxxxx Xx Xxxxxx shall pay El Dorado Logistics throughput fees for pipeline delivery services that will satisfy the Minimum Pipeline Delivery Revenue Commitment in exchange for El Dorado Logistics providing Frontier El Dorado a minimum of 120,000 barrels per day of aggregate delivery capacity from the Tankage. The “Minimum Pipeline Delivery Revenue Commitment” shall be an amount of revenue to El Dorado Logistics for each Contract Quarter determined by multiplying FIRST AMENDED AND RESTATED PIPELINE DELIVERY, TANKAGE AND LOADING RACK THROUGHPUT AGREEMENT (EL DORADO) the Minimum Pipeline Delivery Throughput by the Pipeline Delivery Base Tariff as such Pipeline Delivery Base Tariff may be revised pursuant to Section 2(a)(iii) or Section 2(m). Notwithstanding the foregoing, in the event that the Closing Date is any date other than the first day of a Contract Quarter, then the Minimum Pipeline Delivery Revenue Commitment for the initial Contract Quarter shall be prorated based upon the number of days actually in such contract quarter and the initial Contract Quarter.