Previous research has given inconsistent evidence about whether familiar metonyms are more difficult to process than literal expressions. In 2 eye-tracking-while-reading experiments, we tested the hypothesis that the difficulty associated with processing metonyms would depend on sentence structure. Experiment 1 examined comprehension of familiar place-for-institution metonyms (e.g., college) when they were an argument of the main verb and showed that they are more difficult to process in a figurative context (e.g., offended the college) than in a literal context (e.g., photographed the college). Experiment 2 demonstrated that when they are arguments of the main verb, familiar metonyms are more difficult to process than frequency-and-length-matched nouns that refer to people (e.g., offended the leader), but that this difficulty was reduced when the metonym appeared as part of an adjunct phrase (e.g., offended the honor of the college). The results support the view that figurative-language processing is moderated by sentence structure. When the metonym was an argument of the verb, the results were consistent with the pattern predicted by the indirect-access model of figurative-language comprehension. In contrast, when the metonym was part of an adjunct phrase, the results were consistent with the pattern predicted by the direct-access model.