Examples of Tankage Base Tariff in a sentence
Tulsa East Assets Tulsa Pipelines Base Tariff Tulsa Group 1 Tankage Base Tariff Tulsa Group 1 Loading Rack Tariff Tulsa Group 2 Tankage Base Tariff Tulsa Group 2 Loading Rack Tariff Base Tariff may not be amended until HEP Operating has made capital expenditures of $2,000,000 in the aggregate with respect to the Applicable Assets (excluding the Interconnecting Pipelines) in order to comply with new Applicable Laws.
Cheyenne Assets Cheyenne Receiving Assets Base Tariff Cheyenne Tankage Base Tariff Cheyenne Loading Rack Base Tariff No Base Tariff may be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the Cheyenne Assets in order to comply with new Applicable Laws.
In the event that the PPI increase for any given year is greater than seven percent (7%), then, in addition to any other applicable increases during such year, HEP Tulsa shall increase the Group 1 Tankage Base Tariff by an additional amount necessary to increase the Minimum Group 1 Tankage Revenue Commitment by the Group 1 Assets OPEX Recovery Amount.
To evidence the Parties’ agreement to each adjusted Group 2 Tankage Base Tariff, Group 2 Tankage Incentive Tariff, and Group 2 Tankage Excess Tariff, the Parties shall execute an amended, modified, revised or updated Schedule V and attach it to this Agreement.
In the event that the PPI increase for any given year is greater than seven percent (7%), then, in addition to any other applicable increases during such year, El Dorado Logistics shall increase the Tankage Base Tariff by an additional amount necessary to increase the Minimum Tankage Revenue Commitment by the OPEX Recovery Amount.
For the avoidance of doubt, once such capital expenditures made by El Dorado Logistics exceed $1,000,000.00, El Dorado Logistics may amend the Pipeline Delivery Base Tariff, Tankage Base Tariff, or Loading Rack Tariff to recover its full cost of complying with such Applicable Laws and such recovery shall not be limited to amounts in excess of $1,000,000.
To evidence the Parties’ agreement to each adjusted Group 1 Tankage Base Tariff, Group 1 Tankage Incentive Tariff, and Group 1 Tankage Excess Tariff, the Parties shall execute an amended, modified, revised or updated Schedule II and attach it to this Agreement.
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In the event that the PPI increase for any given year is greater than seven percent (7%), then, in addition to any other applicable increases during such year, HEP Storage-Tulsa shall increase the Group 2 Tankage Base Tariff by an additional amount necessary to increase the Minimum Group 2 Tankage Revenue Commitment by the Group 2 Assets OPEX Recovery Amount.
In the event that such aggregate operating expenses are less than the Assumed OPEX, El Dorado Logistics shall decrease the Tankage Base Tariff by the amount necessary to decrease the Minimum Tankage Revenue Commitment by an amount equal to the difference between the Assumed OPEX and such actual operating expenses for the remainder of the Term, and the Parties shall execute an amended, modified, revised or updated Schedule II reflecting such aggregate operating expenses as the new Assumed OPEX.