Throughput Fees. Lessee agrees to pay Lessor a handling charge of *** per barrel for each barrel of Product that is physically delivered or allocation transferred into storage, and *** per barrel for each barrel of Product that is physically delivered out of storage under this Lease. Each delivery or receipt of Product that is transferred in-well by means of a letter transfer (an “Inventory Delivery”) will be charged a fee of *** per transaction. Lessee agrees to promptly pay to Lessor, upon receipt of an invoice, at Lessor’s address set forth on the face of such invoice for the charges hereunder. Both the throughput fee and the Inventory Delivery Fee will be escalated annually as set forth in Schedule 1.
Appears in 4 contracts
Samples: Storage Lease (Duncan Energy Partners L.P.), Storage Lease (Duncan Energy Partners L.P.), Storage Lease (Duncan Energy Partners L.P.)
