Negotiated Toll definition
Negotiated Toll means a toll or toll formula for computing a toll for service under a single toll schedule under which, for some portion of the contract term, one or more of the individual toll components may exceed the maximum or be less than the minimum component charge of the applicable toll, but shall not in any event exceed any overall maximum toll as set forth on Transporter's Statement of Tolls as found at Tab 8. A Negotiated Toll must be mutually agreed upon by Transporter and Shipper.