Examples of Fixed Toll in a sentence
Shipper’s Monthly Revenue Commitment for any Month shall be the product obtained by multiplying the applicable Fixed Toll times the Monthly Volume, subject to any MRC Adjustment described in Part E below.
The Capital Variance Notice will set out the Final Project Costs, the resulting Capital Variance and the required adjustment to the Fixed Toll.
For greater certainty, the same Fixed Toll shall apply for the entire Contract Term.
In the event that Shipper exercises its option to extend the Term of the Agreement in the manner described in Section 9.2 of the Agreement, the Fixed Toll applicable and payable for such extension Term shall be such fixed toll as is established by Carrier at the time of renewal for 5-year contract terms for the same Contract Receipt Point(s) and Contract Delivery Point(s) specified by Shipper in Appendix A.
From and after the Commencement Date, on each Payment Due Date, Shipper shall pay Carrier for Services in accordance with this Agreement and the Tariff, including: (i) the Fixed Toll and associated Monthly Revenue Commitment, (ii) the Variable Toll, plus (iii) all other charges and adjustments as set forth in Appendix B and the Tariff.
The Fixed Toll shall be that toll set out in the table below that corresponds to the Contract Term, the Contract Receipt Point(s) and Contract Delivery Point(s).
For such purposes, the Fixed Toll shall be adjusted by a percentage decrease or increase, as the case may be, equal to the percentage difference between (i) the Re-estimated Project Costs, and (ii) the Re-estimated Project Costs plus the Capital Variance.
In either case, Xxxxxxx’s election in respect of the scope of the Base Pipeline System shall not impact the Fixed Toll outlined Part B; provided that for greater certainty, the Fixed Toll shall continue to be subject to Capital Variance as outlined in this Part C.