Common use of Subletting Fee Clause in Contracts

Subletting Fee. 1. For the entire duration of this Contract, the SHIPPER shall pay to ENI, on a “ship or pay basis”, a monthly Fee for each Subletting Service provided under the relevant Individual Contract and expressed in Euro, equal to: Where: - RP0 and B are values expressed in Euro/MWh/h/Month and are defined in any of the Individual Contract(s) that will be agreed upon in the Offering Period. - Q = SHIPPER’s Sublet Hourly Flow Rate (expressed in MWh/h) as defined in any of the Individual Contract(s) that will be agreed upon in the Offering Period. 2. The monthly subletting Fee “F” set out above includes the fuel Gas consumption as well as metering differences. 3. Said monthly subletting Fee shall be due and payable by the SHIPPER independently from the actual use of the Sublet Hourly Flow Rate by the SHIPPER. 4. In case of reductions and/or interruptions as per Article 8.1 above, the Fee shall be reduced in proportion to the reduction of the flow rate made available by ENI to the SHIPPER for the period of such reduction, with the exception of the reductions which do not exceed in aggregate an equivalent of 10 entire Days during the term of the Contract.

Appears in 4 contracts

Samples: Framework Agreement for the Subletting of Natural Gas Transmission Capacity, Framework Agreement for the Subletting of Natural Gas Transmission Capacity, Framework Agreement for the Subletting of Natural Gas Transmission Capacity

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Subletting Fee. 1. For the entire duration of this Contract, the SHIPPER shall pay to ENI, on a “ship or pay basis”, a monthly Fee for each Subletting Service provided under the relevant Individual Contract and expressed in Euro, equal to: F = (RP0 + B) * Q (Euro/Month) Where: - RP0 and B are values expressed in Euro/MWh/h/Month and are defined in any of the Individual Contract(s) that will be agreed upon in the Offering Period. - Q = SHIPPER’s Sublet Hourly Flow Rate (expressed in MWh/h) as defined in any of the Individual Contract(s) that will be agreed upon in the Offering Period. 2. The monthly subletting Fee “F” set out above includes the fuel Gas consumption as well as metering differences. 3. Said monthly subletting Fee shall be due and payable by the SHIPPER independently from the actual use of the Sublet Hourly Flow Rate by the SHIPPER. 4. In case of reductions and/or interruptions as per Article 8.1 above, the Fee shall be reduced in proportion to the reduction of the flow rate made available by ENI to the SHIPPER for the period of such reduction, with the exception of the reductions which do not exceed in aggregate an equivalent of 10 entire Days during the term of the Contract.

Appears in 1 contract

Samples: Framework Agreement for the Subletting of Natural Gas Transmission Capacity

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