CO2 Content definition

CO2 Content shall have the meaning specified in Section 3.7 of this Agreement.
CO2 Content means the liquid volume percentage ratio of the Carbon Dioxide (“CO2”) to the ethane contained in the NGLs delivered hereunder. As further specified in Exhibit “Y”, if Customer tenders NGLs to Processor with a CO2 Content of greater than two and one-half percent (2.5%) by liquid volume of the ethane (hereinafter referred to as “Non-S&P High CO2 NGLs”), Processor shall have the right to reject such Non-S&P High CO2 NGLs from any Dedicated Plant. In such event, Processor shall, as soon as reasonably possible, notify Customer of its election to reject such Non-S&P High CO2 NGLs. If Processor accepts Non-S&P High CO2 NGLs, no additional CO2 quality fees other than the fees set forth in this Section shall be charged to Customer. Failure of Processor to exercise its right to refuse Non-S&P High CO2 NGLs from time to time shall not constitute a waiver of said right with respect to future deliveries of Non-S&P High CO2 NGLs pursuant to this Agreement. In addition, Customer shall use reasonable efforts to notify Processor when they have or expect to produce or deliver Non-S&P High CO2 NGLs. CO2 Quality Adjustment Fee, per Barrel of NGLs CO2 Content Delivered hereunder at the Delivery Point(s). 0.35% or less No Fee > 0.35%, but < 1.0% $0.10* 1.0%, but < 2.5% $0.50* 2.5% or more $2.00* * Each applicable CO2 Quality Adjustment fee shall be increased by 1.3 times after the Primary Term, such increase to be applicable during and after the Option Term, if applicable.
CO2 Content shall have the meaning set forth in Section 7. J.

Examples of CO2 Content in a sentence

  • As further specified in Exhibit “Y”, if Customer tenders NGLs to Processor with a CO2 Content of greater than two and one-half percent (2.5%) by liquid volume of the ethane (hereinafter referred to as “Non-S&P High CO2 NGLs”), Processor shall have the right to reject such Non-S&P High CO2 NGLs from any Dedicated Plant.

  • In addition, Customer shall use reasonable efforts to notify Processor when they have or expect to produce or deliver Non-S&P High CO2 NGLs. CO2 Quality Adjustment Fee, per Barrel of NGLs CO2 Content Delivered hereunder at the Delivery Point(s).

  • If Seller tenders NGL's to Buyer with a CO2 Content greater than the limit set forth in Exhibit Y at the Delivery Point, Buyer shall have no obligation to accept such NGL's.

  • Buyer shall deduct from the payments due Seller hereunder a CO2 quality adjustment fee ("CO2 Quality Adjustment Fee") if the CO2 Content (defined below) reaches or exceeds the levels hereinafter set forth in the table below.


More Definitions of CO2 Content

CO2 Content means the liquid volume percentage ratio of carbon dioxide (CO2) to the ethane contained in the NGL's delivered hereunder at the Delivery Point. If Seller tenders NGL's to Buyer with a CO2 Content greater than the limit set forth in Exhibit Y at the Delivery Point, Buyer shall have no obligation to accept such NGL's. CO2 Content CO2 Quality Adjustment Fee, per Barrel of NGL's delivered hereunder ** **

Related to CO2 Content

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