Examples of Treating Fee in a sentence
For any month, once the Floating or the Fixed Monthly Treating Fee amount has been reached, the allocation of gross Third Party treating revenue and the associated disposal fee shall return to seventy-five percent (75%) to Redwood and twenty-five percent (25%) to Hanover.
With respect to payment of the Fixed Monthly Treating Fee (as defined in the Gas Purchase Agreement), Hanover shall look solely to the proceeds derived from the sale of the gas owned or controlled by Redwood produced from the Rodessa/Sligo Interval in the AMI in each month as the source of payment of the corresponding treating fees incurred in said month with respect to such gas.
Gatherer shall have the right to adjust all rates and fees set forth in this Agreement on an annual basis, including without limitation the Gathering Fee, the Priority Capacity Rate, the Unloading and Transportation Fee and the Treating Fee, each July 1 in accordance with FERC indexing methodology as described in 18 C.F.R. § 342.3, subject to the following qualifications.
Gateway will be entitled to retain all of the Fixed Monthly Treating Fee and the balance of the price upside portion of the Floating Monthly Treating Fee.
Notwithstanding the foregoing, Producer shall not be required to pay more than one Treating Fee for Producer’s Processable Gas at a Receipt Point, and if Producer’s Processable Gas at any Receipt Point both exceeds 4ppm for hydrogen sulfide and does not meet the Gas Quality Specifications as set forth in Exhibit D-1 for carbon dioxide, only the Treating Fee which calculates to the largest resultant fee per Mcf for such Receipt Point shall apply.
Similarly, during any Month that the weighted average by volume of Producer’s Processable Gas received at all Delivery Points exceeds the Gas Quality Specification set forth in Exhibit D-1 for carbon dioxide, then Producer shall pay to Processor the applicable Treating Fee set forth in Exhibit C for volumes at any Receipt Point that exceed the Gas Quality Specifications set forth in Exhibit D-1 for carbon dioxide.
During any Month that the weighted average by volume of Producer’s Processable Gas received at all Delivery Points exceeds 4ppm for hydrogen sulfide, then Producer shall pay to Processor the applicable Treating Fee set forth in Exhibit C for volumes at any Receipt Point that exceed 4ppm for hydrogen sulfide.
AEP agrees that, to the extent AEP’s Gas at a Points of Receipt contains carbon dioxide in excess of the *** percent (***%) by volume, DBM shall have the right and option to either (a) refuse to accept such Gas, or (b) accept such Gas and charge the CO2 Treating Fee as provided in Section 6.1(b).
If the Resale Price for the month is four dollars ($4.00) per MMBtu or less, then the Floating Monthly Treating Fee will be equal to the Fixed Monthly Treating Fee.
Notwithstanding anything in this Section 7.3 to the contrary, Producer agrees that to the extent non-conforming Gas at a Gathering System Delivery Point is accepted and subsequently treated or conditioned with respect to its CO2 Component, such treating shall be done for the Treating Fee described and provided in Section 12.4 below.