Common use of Tank Heel Payments, Fees and Credit Provisions Clause in Contracts

Tank Heel Payments, Fees and Credit Provisions. (1) All Tank Heels are subject to the normal service fees and TVM charges that are more fully described in Clause 19. In accordance with Clause 5(j)(i)(1) and Appendix 11, the Parties shall mutually agree upon the monthly charge per Barrel (the “TH Per Barrel Storage Charge”) to be used in calculating the TH Storage Fee through December 31, 2011 (as such date may be extended pursuant to this Clause 5(j)(iii)(1) the “TH Conclusion Date”). Seller will [REDACTED]

Appears in 2 contracts

Samples: Delivery and Services Agreement (PBF Energy Inc.), Delivery and Services Agreement (PBF Energy Inc.)

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Tank Heel Payments, Fees and Credit Provisions. (1) All Tank Heels are subject to the normal service fees and TVM charges that are more fully described in Clause 19. In accordance with Clause 5(j)(i)(1) and Appendix 11, Seller will pay Buyer on the Parties shall mutually agree upon the monthly charge per Barrel (the TH Conclusion Date a “TH Per Barrel Storage Charge”) Fee” which shall be an amount equal to be used in calculating the sum of the following amounts that are calculated for each Month during the period from the purchase of the TH Storage Fee through December 31, 2011 (as such date may be extended pursuant Starting Volume to this Clause 5(j)(iii)(1) the TH Conclusion Date”). Seller will : [REDACTED]

Appears in 2 contracts

Samples: Delivery and Services Agreement (PBF Energy Inc.), Delivery and Services Agreement (PBF Energy Inc.)

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