Monthly Operating Fee definition

Monthly Operating Fee means the fair market value for applicable services under the Operating Agreements as determined in accordance with Section 25.2.
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Monthly Operating Fee is defined in Section 4.3.
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Monthly Operating Fee means, for each Month, a fee equal to the sum of (i) a fixed operating expense fee of $175,000 and (ii) a variable operating expense fee of $0.20 for each Mcf of Purchased Gas received at the Receipt Points and gathered hereunder in each such Month.
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Examples of Monthly Operating Fee in a sentence

  • The Monthly Operating Fee is intended to reflect, and reimburse the Gathering System Owners to the extent the actual out-of-pocket costs (without overhead) of the Gathering System Owners of operating, maintenance, replacement and repair of the Gathering System which are not attributable to New Third Party Volumes exceed the Base Year Operating Costs.

  • Upon timely written request from Lessor as provided in this Section 25.2, Lessor and Lessee shall execute and deliver the Operating Agreements and pay or cause to be paid the Monthly Operating Fee in connection therewith.

  • The obligation to adjust the Monthly Operating Fee shall survive the termination or expiration of this Agreement.

  • The Monthly Operating Fee is intended to reflect, and reimburse the Gathering System Owners for, the actual out-of-pocket costs of the Gathering System Owners of operating, maintenance, replacement and repair of the Gathering System.

  • For all volumes (in Mcf’s) of Purchased Gas delivered to the Receipt Points each Month, Shipper shall pay to Gathering System Owners the sum of the Monthly Gathering Fee, the Monthly Capital Fee, and the Monthly Operating Fee for that Month.


More Definitions of Monthly Operating Fee

Monthly Operating Fee means the fee paid pursuant to Section 5.1(a) of each of the Public and Cooperative Power Operating Agreement and Private Power Operating Agreement.
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Monthly Operating Fee has the meaning set out in subsection 37.1.1(d). “Monthly Operating Report” has the meaning ascribed thereto in Article 36.
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