Monthly Facility Charge Sample Clauses
Monthly Facility Charge. As promptly as practicable after the end of each calendar month, Seller will invoice Buyer and Buyer will pay Seller a monthly facility charge (the "Monthly Facility Charge") in the amount of SEVENTY-FIVE THOUSAND DOLLARS ($75,000). The Monthly Facility Charge is intended to fully compensate Seller for the Existing Facility and all Oxygen that Seller is obligated to deliver to Buyer pursuant to this Agreement. During periods of reduced demand, as contemplated in Section 4.3 hereof, the Monthly Facility Change shall be reduced on a pro rata basis to FIFTY THOUSAND DOLLARS ($50,000) for each month, or portion thereof, of reduced demand. The Monthly Facility Charge shall be further adjusted pursuant to Sections 5.1.1, 5.1.2 and 5.1.3 below.
Monthly Facility Charge. During the term hereof, Customer agrees to pay Terminal a facility charge of $0.30 per barrel, per month, times the number of shell barrels leased hereunder (the “Facility Charge”). Charges for a partial month will be prorated.