Common use of Volumetric Gains and Losses Clause in Contracts

Volumetric Gains and Losses. Xxxxx Tulsa shall, during the Term, (i) absorb all volumetric gains in the Pipelines, and (ii) be responsible for all volumetric losses in the Pipelines up to a maximum of 0.5%. HEP Tulsa shall be responsible for all volumetric losses in excess of 0.5% in the Pipelines during the Term.

Appears in 4 contracts

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

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Volumetric Gains and Losses. Xxxxx Tulsa shall, during the Term, (i) absorb all volumetric gains in the Pipelines, and (ii) be responsible for all volumetric losses in the Pipelines Pipelines, Tankage and Loading Rack Throughput Agreement (Tulsa East) up to a maximum of 0.5%. HEP Tulsa shall be responsible for all volumetric losses in excess of 0.5% in the Pipelines during the Term.

Appears in 1 contract

Samples: Tankage and Loading Rack Throughput Agreement (Holly Corp)

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