Common use of Minimum Revenue Commitment Clause in Contracts

Minimum Revenue Commitment. The amount of the "Minimum Revenue Commitment", as defined in the Pipelines and Terminals Agreement, shall be decreased to an amount equal to or less than $6,637,500 per Contract Quarter, as defined in the Pipelines and Terminals Agreement, regardless of whether such decrease is made pursuant to the terms of the Pipelines and Terminals Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Holly Energy Partners Lp), Credit Agreement (Holly Energy Partners Lp)

Minimum Revenue Commitment. The amount of the "β€œMinimum Revenue Commitment"”, as defined in the Intercompany Pipelines and Terminals Agreement, shall be decreased to an amount equal to or less than $6,637,500 per Contract Quarter, as defined in the Intercompany Pipelines and Terminals Agreement, regardless of whether such decrease is made pursuant to the terms of the Intercompany Pipelines and Terminals Agreement.

Appears in 1 contract

Sources: Credit Agreement (Holly Energy Partners Lp)