Common use of Pro-Rationing for Partial Periods Clause in Contracts

Pro-Rationing for Partial Periods. Notwithstanding the other portions of this Section 2.2, in the event that the Effective Time is any date other than the first day of a Contract Quarter, then the Minimum Revenue Commitment, Minimum Throughput Commitment, and any applicable Incentive Tariffs for the initial partial Contract Quarter shall be prorated based upon the number of days actually in such partial Contract Quarter. Similarly, notwithstanding the other portions of this Section 2.2 if the end of the Applicable Term is on a day other than the last day of a Contract Quarter, then the Minimum Revenue Commitment, Minimum Throughput Commitment, and any applicable Incentive Tariff for the final partial Contract Quarter shall be prorated based upon the number of days actually in such partial Contract Quarter and the initial Contract Quarter.

Appears in 4 contracts

Samples: Master Throughput Agreement, Master Throughput Agreement (Holly Energy Partners Lp), Master Throughput Agreement (HollyFrontier Corp)

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Pro-Rationing for Partial Periods. Notwithstanding the other portions of this Section 2.23(a), in the event that the Effective Time Commencement Date is any date other than the first day of a Contract Quarter, then the Minimum Revenue Commitment, Minimum Throughput CommitmentThroughput, and any applicable Incentive Tariffs Tariff Threshold for the initial partial Contract Quarter shall be prorated based upon the number of days actually in such partial Contract Quarter. Similarly, notwithstanding the other portions of this Section 2.2 3(a), if the end of the Applicable Term is on a day other than the last day of a Contract Quarter, then the Minimum Revenue Commitment, Minimum Throughput CommitmentThroughput, and any applicable Incentive Tariff Threshold for the final partial Contract Quarter shall be prorated based upon the number of days actually in such partial Contract Quarter and the initial Contract Quarter.

Appears in 3 contracts

Samples: Unloading and Blending Services Agreement (HollyFrontier Corp), Unloading and Blending Services Agreement (Holly Energy Partners Lp), Unloading and Blending Services Agreement (Holly Energy Partners Lp)

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