Committed Rate definition

Committed Rate means the international joint rate or toll charged to a Committed Shipper for Services relating to volumes of Light Condensate transported on the Cochin Pipeline pursuant to the terms of a Committed Shipper's transportation service agreement and the terms of Carrier's joint international tariffs with Cochin U.S. for the transportation of Light Condensate from Receiving Points in Kankakee County, Illinois or Clinton, Iowa, United States to the Delivery Point near Fort Saskatchewan, Alberta, Canada, which tariff shall be on file and posted at the FERC and CER as such tariffs may be amended or supplemented from time to time.

Committed Rate means the rate identified as the “Committed Rate” in Section II of this tariff.

Committed Rate means the rate established for the shipment of Committed Volumes by the Committed Shipper’s Transportation Services Agreement.

Examples of Committed Rate in a sentence

• The proceeds of all such Committed Rate Loans will be made available promptly to such Borrower by the Administrative Agent at the office of the Administrative Agent specified in subsection 10.2 by crediting the account of such Borrower on the books of such office of the Administrative Agent with the aggregate of the amount made available to the Administrative Agent by the Banks and in like funds as received by the Administrative Agent.

• Any change in the interest rate on a Committed Rate Loan resulting from a change in the ABR shall become effective as of the opening of business on the day on which such change in the ABR shall become effective.

• In case of any dispute, action or proceeding relating to any Committed Rate Loan, Bid Loan or Negotiated Rate Loan, the entries in such records shall constitute prima facie evidence of the accuracy of the information set forth therein.

• The Borrowers agree that each Bank so purchasing a portion of another Bank’s Committed Rate Loans or L/C Obligations may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Bank were the direct holder of such portion.

• On or promptly after the Transfer Effective Date specified in such Commitment Transfer Supplement, the Purchasing Bank and the Administrative Agent, on behalf of such Purchasing Bank, shall open and maintain in the name of each Borrower a Loan Account with respect to such Purchasing Bank’s Committed Rate Loans and Bid Loans to such Borrower.

More Definitions of Committed Rate

Committed Rate means the rate charged to a Committed Shipper for Committed Service relating to such Shipper’s Actual Shipments pursuant to Transporter’s Rate Tariff. Committed Rates include Committed Firm Service Rates.

Committed Rate means the rate charged for the Committed Volume nominated by a Committed Shipper for transportation pursuant to the Carrier's Local Tariff Applying on Crude Petroleum.

Committed Rate means the rate charged to a Committed Shipper for Services relating to the Committed Volume of Diluent transported on the Diluent Pipeline pursuant to Carrier’s Rate Tariff.

Committed Rate means the rate set out in a Rates Tariff herein paid by a Committed Shipper pursuant to a Transportation Services Agreement.

Committed Rate means the rate charged to a Committed Shipper for services related to the Minimum Volume Commitment transported on the System.

Committed Rate means the rate set out in the Table of Rates herein paid by a Committed Shipper pursuant to a Transportation Services Agreement.

Committed Rate means the transportation rate to be paid by Committed Shippers for Committed Volume as shown in Item No. 95.