Incremental Volume definition
Examples of Incremental Volume in a sentence
The Shortfall Credit shall be posted as a credit to TRMC's account, and shall be applied in subsequent Monthly invoices against amounts owed by TRMC for Incremental Volume Throughput Fees and Excess Volume Throughput Fees during any of the succeeding three (3) Months.
For purposes of this Agreement, the Base Management Fee, the Administrative Management Fee, the Incremental Volume Fee, the Cost Savings Gainshare Incentive Fee and the [*] shall be referred to herein as the "Services Fees." Services Fees shall also include (a) the fees and/or [*] by A&P with respect to the Other Services as set forth in Schedules 5.2, 5.3 and 5.4 (together, the "Other Services Fee") and (b) any fees later agreed to by the Parties, including for Additional Services.
The calculation of the price for Qualifying Incremental Volume is as follows: Phenol Price (in cents per pound or cpp) = (0.9 x BZ) + (0.5 x P) - (0.6 x DMK) + (0.75 x NG) + 13.5 cpp Where: BZ, P, DMK = the same definitions as set out in Article 4.2.2 of the Contract.
In Packer’s sole discretion, Packer may agree to produce the Incremental Volume in addition to the Annual Commitment of the prior Contract Year.
Participating Member will be eligible to earn an Incremental Volume Rebate as indicted below off the then current WAC as time of purchase.
On the last day of each month during the term of the Qualifying Incremental Volume supply, Buyer will verify to Seller the volumes of phenol and acetone actually used during such month for sales to GE as Qualifying Incremental Volume.
Pursuant to this Section 1.2(d) and Addendum B-1 attached hereto, the Letter of Credit Amount is hereby increased due to the Incremental Volume as set forth on Addendum B-1.
Notwithstanding the foregoing, in any given month during the term of this Article 19, Seller shall not be obligated to sell any volumes of acetone to Buyer as Qualifying Incremental Volume wherein such monthly purchase does not also include the purchase by Buyer of phenol at the approximate 3.2:1 ratio of phenol to acetone described above.
Subject to the audit provisions in Article 19.5, Seller will invoice Buyer for Qualifying Incremental Volume as a separate line item on the consolidated monthly invoice Seller issues to Buyer.
Any such Incremental Volume will be added to the Conventional Volume provided for in this Agreement by means of a sub-agreement between Seller and Buyer which shall set forth the agreed upon pricing, quantities and other specifications for such Incremental Volume.