Volumetric Fee definition

Volumetric Fee means, the sum of (A) the product of (i) fifteen cents ($0.15) per barrel, multiplied by (ii) the average number of barrels of Feedstock owned by Wells Fargo at the Storage Facilities during the calendar month and (B) the product of (i) twenty cents ($0.20) per barrel, multiplied by (ii) the average number of barrels of Finished Products owned by Wells Fargo at the Storage Facilities during the calendar month.
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Examples of Volumetric Fee in a sentence

  • All Account Holders that retire, reserve, or export Certificates shall pay the Volumetric Fee on each Certificate retired, reserved, or exported.

  • Account Holder reserves the right to dispute the amount of the Volumetric Fee charges for a period of 90 days following payment by Account ▇▇▇▇▇▇.

  • WECC shall assess Account Holder a Volumetric Fee for the issuance of a Certificate.

  • Initially, WECC will charge most Account Holders both an Annual Fee and a Volumetric Fee.

  • On or before the 10th day of each month occurring during the Term, ENA shall provide Customer with a written statement setting forth ENA’s calculation of the Volumetric Fee for the immediately preceding month, the amounts payable, if any, by either Party to the other pursuant to Section 4.2 herein, and all information required and charges due ENA under the Transaction Agreement.

  • WECC shall assess a Volumetric Fee for retiring, reserving, or exporting a Certificate.

  • WECC shall assess Account Holder a Volumetric Fee for the transfer of a Certificate from one Account Holder to another.

  • If the Parties are unable to mutually agree upon to renegotiate the Volumetric Fee and the Contract Price within thirty Days after the PG&E Gas Accord becomes effective, either Party may exercise its rights in accordance with Section 5.2 of this Agreement subject to the terms and conditions of the Operational Agreements.

  • Either Party may renegotiate the Volumetric Fee hereunder and the Contract Price based on the PG&E Gas Accord.

  • If the Parties are able to agree to such renegotiated Volumetric Fee and Contract Price, the Operational Agreements shall be amended to reflect such agreement.

Related to Volumetric Fee

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Marketing Fee means the fee payable to the Marketer for services it provides to the Trust, which the Sponsor shall pay the Marketer as a Sponsor-paid Expense.

  • Royalty Fee means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Net Smelter Return means the aggregate proceeds received by the Optionee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds: