Throughput Fee. For each Contract Year, Buyer agrees to pay Seller the fee for such Contract Year as set forth on Schedule 3.1 for the Product movements within the Storage Pipeline System pursuant to this Agreement ("Throughput Fee"), which shall be payable in equal monthly installments in accordance with the provisions of Article 11 (Billing and Payment) hereof. In the event that Buyer from time to time exercises its right to acquire all or any portion of the Additional Allotted Storage Capacity, no additional charge or fee shall be imposed, except as may be incurred pursuant to Section 3.3, except as set forth in Section 3.6.
Appears in 2 contracts
Sources: Mont Belvieu Storage Capacity Purchase Agreement (Eott Energy Partners Lp), Mont Belvieu Storage Capacity Purchase Agreement (Eott Energy Partners Lp)