Examples of Committed Volume in a sentence
The Uncommitted Rates are also applicable to volumes nominated by a Committed Shipper in excess of its Committed Volume.
Any remaining System Capacity not allocated through the application of Items 7(C) or 7(D) shall be allocated first, pro rata, among all Priority Shippers having remaining unmet Nominations according to the level of each Priority Shipper’s Monthly Committed Volume.
If a Priority Shipper Nominates volumes in excess of its Monthly Committed Volume, then the excess incremental volumes shall be subject to prorationing under Item 7(E) below.
Except as provided in Item 7(C)(2), Gatherer shall allocate each Priority Shipper an amount of System Capacity equal to the lesser of the Priority Shipper’s Nomination for the Proration Month or its Monthly Committed Volume.
Nominations from Committed Priority Shippers up to the level of their Committed Volume will not be subject to prorationing under normal operating circumstances.