Examples of Gathering Fuel in a sentence
On a Monthly basis, LMM shall adjust the Gathering Fuel percentage to equal the actual use of Gathering Fuel in the preceding Month.
Shippers shall provide to LMM Shippers’ share of Gathering Fuel, which share shall be pro rated based on Shippers’ volumes of Gas Gathered hereunder as a proportion of the volumes of all Gas Gathered into the Gathering System.
If the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s), after subtracting Gathering Fuel and any Plant Fuel and Shrink, are greater than Shipper’s Scheduled Nomination(s), a “Negative Imbalance” exists.
LMM may retain and use Shipper’s Gathering Fuel as fuel for compression and other operations on the Gathering System.
LMM shall calculate Shipper’s Gathering Fuel based upon actual usage and Shipper’s pro-rata share of all Gas Gathered through the relevant portion of the Gathering System.
The term “Balance” or “Balancing” refers to equalizing the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s) with the number of Dth constituting Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
The Gathering Fee for Gathering Shipper’s Gas under this Agreement shall be the greater of thirty-five cents ($0.35) or sixteen percent (16%) of the Gross Sale Price for each Mcf of Gas, as measured at the Delivery Point following deduction for Gathering Fuel, with no surcharges or fees.
Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) is insufficient to support Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly increase its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
The Reduced Fee, where applicable in this Agreement, is the greater of *** ($***) or *** percent (***%) of the Gross Sale Price for each Mcf of Gas, as measured at the Delivery Point following deduction for Gathering Fuel, with no surcharges or fees.
LMM shall Gather on a Guaranteed Capacity basis that quantity of Shipper’s Gas, subject to the provisions set forth in Exhibit “E”, which is necessary to fulfill Shipper’s Scheduled Nomination(s) and Shipper’s commitment to provide Gathering Fuel, and subject to Force Majeure and Maintenance.