Process Flare definition
Examples of Process Flare in a sentence
Processor shall determine the MMBTU’s of Process Flare, if any, by multiplying the Process Flare volume hereof by the weighted average heating value of the Residue Gas.
This “Gross Theoretical BTU Content” attributable to such Delivery Point shall then be reduced by deducting therefrom (i) the total BTU’s contained in the Plant Products allocated to that Delivery Point, pursuant to Paragraph 10.2 above, (ii) the total BTU’s of Process Fuel required for recompression of and the extraction of Plant Products attributable to that Delivery Point, and (iii) the total BTU’s of Process Flare attributable to that Delivery Point.
The resultant difference in BTU’s obtained by deducting the BTU’s of Plant Products, Process Fuel, and Process Flare from the “Gross Theoretical BTU Content” shall be considered the “Net Theoretical BTU’s of Residue Gas” attributable to such Delivery Point.
The Aggregate Provisional Sum contains a Provisional Sum of *** U.S. Dollars (U.S.$***) (“Process Flares Modification Provisional Sum”) for the performance of the Provisional Sum Process Flare Modification Work.
If the actual cost incurred by Contractor for the Provisional Sum Process Flare Modification Work is greater than the Process Flares Modification Provisional Sum, Contractor shall be entitled to a Change Order increasing the Contract Price by such difference plus *** percent (***%) of such difference; provided, however, the addition of such *** percent (***%) of such difference shall not apply with respect to Contractor’s direct labor component of the over-run.
Process Flare" shall mean any MMBtu's of the Subject Gas dispersed or lost at the Plant as flare which shall include, but shall in no way be limited to, flare dispersed or lost in the compression, conditioning and treating of the Subject Gas; recovery, extraction, and removal of Plant Products; and the recompression of Residue Gas.
If the actual cost incurred by Contractor for the Provisional Sum Process Flare Modification Work is less than the Process Flares Modification Provisional Sum, Owner shall be entitled to a Change Order reducing the Contract Price by such difference plus *** percent (***%) of such difference; provided, however, the addition of such *** percent (***%) of such difference shall not apply with respect to Contractor’s direct labor component of the under-run.
Contractor’s direct labor for the Provisional Sum Process Flare Modification Work will be billed in accordance with Schedule D-5, Attachment D of the Agreement.
Allocations of Plant Product, Process Fuel, Process Flare, and Residue Gas attributable to each particular Delivery Point shall be made using such “Adjusted Gas Volume” for each such Delivery Point.