Common use of Payments by Copano Clause in Contracts

Payments by Copano. For any Production Month for which the Processing Margin is greater than the product of ** per gallon times the Adjustment Factor, COPANO shall pay KMTP an amount calculated as follows: KMTP Gas Mcf X (Processing Margin — ($** per Gallon X Adjustment Factor) X Recovered GPM of KMTP Gas X **% The “Recovered GPM of KMTP Gas” as used in this Section 5.1 and in Section 5.2 shall be determined as set forth in cell E21 of Exhibit D part 2.

Payments by Copano. For any Production Month for which the Processing Margin is greater than the product of ** per gallon times the Adjustment Factorgallon, COPANO Copano shall pay KMTP an amount calculated as follows: KMTP Gas Mcf X (Processing Margin — ($** per Gallon X Adjustment Factor) X Recovered GPM of KMTP Gas X **% The “Recovered GPM of KMTP Gas” as used in this Section 5.1 and in Section 5.2 shall be determined as set forth in cell E21 of Exhibit D part 2.