Overutilizer Tariff Sample Clauses

Overutilizer Tariff. (a) Each Initial Shipper shall pay, with respect to each Segment and Schedule Month, a tariff per Standard Barrel for such Segment (the “Overutilizer Tariff”) for Overuse Volumes applicable to such Segment, provided that to the extent that such Overuse Volumes arise from any decrease in Throughput Capacity from that at Completion of the Oleoducto Central as the result of the Decommissioning of any Segment, no Overutilizer Tariff will be payable with respect to such volumes. The Overutilizer Tariff shall equal the Initial Shipper Tariff for such Segment plus the lesser of (i) the amount of the Overutilizer Premium allocated to such Segment divided by the sum of the Aggregate Scheduled Capacity for such Segment and any Net Deliveries of such Initial Shipper applicable to such Segment and (ii) the Established Third Party Premium for such Segment (or zero if there is no Established Third Party Premium). In determining the Overutilizer Tariff for each Segment, Carrier shall allocate the total Overutilizer Premiums in the proportion that such Segment’s Capital Cost bears to the aggregate Capital Cost of all Operating Segments as determined in accordance with Section 2.3 above.
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Related to Overutilizer Tariff

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