Common use of Xxxxx Hub Cash Bonus Clause in Contracts

Xxxxx Hub Cash Bonus. Subject to Section 1.2 of this Exhibit S, during each Calendar Quarter beginning with the first Day of the Calendar Quarter in which the MVP In- Service Date occurs (the “Cash Bonus Trigger Date”) and continuing until the earlier of the last Day of (a) the twelfth (12th) Calendar Quarter following the Cash Bonus Trigger Date and (b) the Calendar Quarter ending December 31, 2024, Producer shall pay to Gatherer a quarterly cash payment (the “Cash Bonus”), if any, as follows:

Appears in 2 contracts

Samples: Gathering and Compression Agreement (EQT Corp), Gathering and Compression Agreement (Equitrans Midstream Corp)

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Xxxxx Hub Cash Bonus. Subject to Section 1.2 of this Exhibit SJ, during each Calendar Quarter beginning with the first Day of the Calendar Quarter in which the MVP In- In-Service Date occurs (the “Cash Bonus Trigger Date”) and continuing until the earlier of the last Day of (a) the twelfth (12th) Calendar Quarter following the Cash Bonus Trigger Date and (b) the Calendar Quarter ending December 31, 2024, Producer shall pay to Gatherer a quarterly cash payment (the “Cash Bonus”), if any, as follows:

Appears in 2 contracts

Samples: Gas Gathering and Compression Agreement (Equitrans Midstream Corp), Gas Gathering and Compression Agreement (EQT Corp)

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