Fractionation costs definition

Fractionation costs means the actual costs incurred by the producer in fractionation. Fractionation is the separating of components of a mixture through differences in physical or chemical properties. Fractionation is the process by which raw hydrocarbons are separated into products.

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Fractionation costs is defined in Sections 4.1.

Fractionation costs means the fractionation costs and expenses incurred by Buyer in connection with the receipt and fractionation of Raw Product delivered by Seller under this Agreement that are charged to Buyer with respect to the Raw Product delivered under this Agreement. Depending on the entity fractionating Raw Product for Buyer, such fee shall be (i) the then current fee charged to Buyer under its fractionation agreements with Gulf Coast Fractionators, Lake ▇▇▇▇▇▇▇ Fractionators, Cedar Bayou Fractionators, L.P. or any other entity providing fractionation services in which an Affiliate of Buyer has an ownership interest, or (ii) the fractionation fees charged to Buyer by a third party providing fractionation services with respect to such Raw Product.

Examples of Fractionation costs in a sentence

For the Raw Product delivered hereunder, Targa shall pay to MarkWest a purchase price ("Price") equal to the applicable OPIS Monthly Index (as defined in Subsection B.1 below) for each gallon of each NGL Component (as such term is defined in Attachment B and as reported on end-of-the-month report from WTPL) contained therein less (i) Transportation Costs (as defined in Subsection B.2 below) and (ii) Fractionation Costs (as defined in Subsection B.3 below).
Dynegy shall pay to MarkWest for the Raw Product delivered to Dynegy hereunder, a purchase price ("Price") equal to the applicable OPIS Monthly Index (as defined in Subsection B.1. below) for each gallon of each NGL Component (as such term is defined in Attachment B and as reported on month-end WTPL reports) contained therein less (i) Transportation Costs as defined in Subsection B.2. below; and (ii) Fractionation Costs, as defined in Subsection B.3. below.

More Definitions of Fractionation costs

Fractionation costs means the fractionation costs and expenses incurred by Buyer in connection with the receipt and

Fractionation costs means the fractionation costs and expenses incurred by Buyer in connection with the receipt and fractionation of Raw Product delivered by Seller under this Agreement that are charged to Buyer with respect to the Raw Product delivered under this Agreement. Depending on the entity fractionating Raw Product for Buyer, such fee shall be (i) the then current fee charged to Buyer under its fractionation agreements with Gulf Coast Fractionators, Lake Charles Fractionators, Cedar Bayou Fractionators, L.P. or any other entity providing fractionation services in which an Affiliate of Buyer has an ownership interest, or (ii) the fractionation fees charged to Buyer by a third party providing fractionation services with respect to such Raw Product.

Fractionation costs means the actual costs incurred by the producer in fractionation.