Third Party Credit Clause Samples

Third Party Credit. At the conclusion of each Month, WRT shall calculate the “Average Daily Third Party Terminal Facility Utilization” of all Tank Types, which shall be a fraction, (a) the numerator of which is the sum of, for each day in such Month, the number of barrels of Product stored for third parties in the shell capacity set forth on Schedule 4.1 for all Tank Types and (b) the denominator of which is (x) the aggregate shell capacity set forth on Schedule 4.1 for all Tank Types multiplied by (y) the number of days in such Month. For each Month, the product of the Average Daily Third Party Terminal Facility Utilization and the Minimum Product Storage Reservation Fee shall be the “Third Party Credit”. Each Month, the total fees due to WRT for Product storage services for all Tank Types will be reduced (but not below zero) by the amount of such Third Party Credit.
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Third Party Credit. At the conclusion of each Month, Provider shall calculate the “Average Daily Third Party Asphalt Terminal Utilization” of the Terminal storage, which shall be a fraction, (a) the numerator of which is the sum of, for each day in such Month, the number of Barrels of Asphalt stored for third parties in the reserved capacity set forth on Schedule 4.1 and (b) the denominator of which is (i) the aggregate reserved capacity set forth on Schedule 4.1 multiplied by (ii) the number of days in such Month. For each Month, the product of the Average Daily Third Party Asphalt Terminal Utilization and the Minimum Asphalt Storage Reservation Fee shall be the “Asphalt Third Party Credit”. Each Month, the total fees due to Provider for Asphalt storage services at the Terminals will be reduced (but not below zero) by the amount of such Asphalt Third Party Credit.
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Related to Third Party Credit

  • Lender Party Credit Decision Each Lender Party acknowledges that it has, independently and without reliance upon any Agent or any other Lender Party and based on the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender Party also acknowledges that it will, independently and without reliance upon any Agent or any other Lender Party and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.

  • Administrative Civil Liability ▇▇▇▇▇▇▇▇ 66 hereby agrees to the imposition of an administrative civil liability totaling $109,000 to resolve the alleged violations as set forth in Section II as follows: a. No later than 30 days after the Regional Water Board, or its delegate, signs this Stipulated Order, ▇▇▇▇▇▇▇▇ 66 shall submit a check for $54,500 made payable to the “State Water Pollution Cleanup and Abatement Account,” reference the Order number on page one of this Stipulated Order, and mail the check to: State Water Resources Control Board Accounting Office Attn: ACL Payment P.O. Box 1888 Sacramento, CA 95812-1888 ▇▇▇▇▇▇▇▇ 66 shall e-mail a copy of the check to the State Water Resources Control Board Office of Enforcement (▇▇▇▇.▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇) and the Regional Water Board (▇▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇▇). ▇. ▇▇▇▇▇▇▇▇ 66 agrees that $54,500 of the administrative liability shall be paid to the Regional Monitoring Program, care of the San Francisco Estuary Institute, for implementation of a Supplemental Environmental Project (SEP), the North Bay Selenium Synthesis Study, as follows: i. $54,500 (SEP Amount) shall be paid solely for use toward the North Bay Selenium Synthesis Study. Funding this project will perform an information synthesis to support development of a selenium monitoring program for the North Bay. A complete description of this project is provided in Exhibit C, incorporated herein by reference. ii. No later than 30 days after the Regional Water Board, or its delegate, signs this Stipulated Order, ▇▇▇▇▇▇▇▇ 66 shall submit a check for $54,500 made payable to the “Regional Monitoring Program,” reference the Order number on page one of this Stipulated Order, and mail the check to: Regional Monitoring Program c/o San Francisco Estuary Institute ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Richmond, CA 94804 A copy of the check shall be sent to the Office of Enforcement and the Regional Water Board at the e-mail addresses set forth above.

  • OFFSET CREDIT/COOPERATION This Contract has been entered into in direct support of LOCKHEED ▇▇▇▇▇▇'▇ international offset programs. All offset benefit credits resulting from this Contract are the sole property of LOCKHEED ▇▇▇▇▇▇ to be applied to the offset program of its choice. SELLER shall assist LOCKHEED ▇▇▇▇▇▇ in securing appropriate offset credits from the respective country government authorities.

  • Change in Business or Credit and Collection Policy The Seller shall not make (or permit any Originator to make) any change in the character of its business or in any Credit and Collection Policy, or any change in any Credit and Collection Policy that would have a Material Adverse Effect with respect to the Receivables. The Seller shall not make (or permit any Originator to make) any other change in any Credit and Collection Policy without giving prior written notice thereof to the Administrator and each Purchaser Agent.

  • Competitive Supplier’s Standard Credit Policy The Competitive Supplier will not require a credit review for any consumer participating in the Program, nor does Competitive Supplier require any consumer to post any security deposit as a condition for participation in the Program. The Competitive Supplier may terminate service to a Participating Consumer and return such consumer to Basic Service in the event that the consumer fails to pay to Competitive Supplier amounts past-due greater than sixty (60) days.