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

• Shipper guarantees that from the Commencement Date through the end of the Term, it shall ship on the Spearhead Pipeline, or otherwise pay for, at least the Minimum Volume Commitment from Griffith, Indiana, or any Intermediate Receipt Point, or, if and when the Southern Access project is completed as referenced in Section 6.1 hereof, Flanagan, Illinois to Cushing, Oklahoma, at the applicable Committed Rate.

• If the reduced Uncommitted Rate is later increased pursuant to Applicable Law, the corresponding Committed Rate will increase to equal the lesser of (a) the then-current Uncommitted Rate minus (i) $0.50 per barrel for any Shipper that pays a base tariff rate under Section 4.1 hereof or (ii) $0.40 per barrel for any Shipper that pays a base tariff rate under Section 4.2 hereof or (b) the applicable Committed Rate as calculated under Sections 4.1, 4.2 and 4.5 hereof without regard to this Section 4.6.

• Provided Shipper is not in default of its obligations under this Agreement as of the date of giving notice of extension, but subject to Section 3.4 hereof, Shipper shall have a single right to extend the Term of this Agreement for an additional ten (10) year term with respect to its then-Stepped-Up Minimum Volume Commitment, at the applicable Committed Rate pursuant to Section 4.

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 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.

Committed Rate shall have the meaning set forth in Section VIII.A.