Daily Contract Volume Commitment definition

Daily Contract Volume Commitment means the daily volume commitment (in Barrels per day) applicable to Receipt Zone 1 or Receipt Zone 2, as elected in accordance with the TSA as such Daily Contract Volume Commitment may be adjusted by Carrier.
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Daily Contract Volume Commitment means the daily volume commitment for a shipper set forth in its TSA.
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Examples of Daily Contract Volume Commitment in a sentence

  • Note 7: All volumes of Crude Petroleum shipped by Carrier on behalf of a Committed Shipper during a Contract Quarter (defined below) from the Origin to the Destination under this Tariff will apply towards the Committed Shipper’s “Minimum Contract Quarterly Volume Commitment,” which is equal to the Committed Shipper’s Daily Contract Volume Commitment multiplied by the number of days in the applicable Contract Quarter.

  • The Historical Shipment Status for Regular Shippers shall, during the Initial Base Period, be determined with reference to both the Regular Shipper’s Daily Contract Volume Commitment as set forth in such Regular Shipper’s TSA, and actual Shipments on an average Bpd basis, as more fully described below.

  • If a Firm Shipper nominates Crude Petroleum less than its Daily Contract Volume Commitment as set forth in such Firm Shipper’s TSA, such nomination will not be subject to prorationing; provided, however, that if a Firm Shipper is unable to arrange for the delivery of its Crude Petroleum at any nominated individual delivery point within the Destination, then such Firm Shipper’s nomination shall be deemed to be reduced by the volume that such Firm Shipper is unable to arrange for at the delivery point.

  • Each Firm Shipper will be allocated a volume (on a Bpd basis averaged over the month of allocation) equal to the Daily Contract Volume Commitment as set forth in such Firm Shipper’s TSA.

  • Assuming Shipper A ships 55,000 Bpd during the first month of the Initial Base Period, then for the third month of the Initial Base Period, Shipper A’s Historical Shipment Status would be deemed to equal the average of (i) 55,000 Bpd of actual Shipments during the first month of the Initial Base Period, and (ii) 50,000 Bpd of the Daily Contract Volume Commitment for each of the remaining 17 months.

  • If a Regular Shipper experiences an event of force majeure during any month of the Initial Base Period that prevents it from delivering any Crude Petroleum for Shipment, the Regular Shipper’s historical Shipments for such month will be deemed to equal such shipper’s Daily Contract Volume Commitment for such month.

  • For the third month of the Initial Base Period, each Regular Shipper’s Historical Shipment Status will be deemed to equal the average of one (1) month of the Regular Shipper’s actual Shipments (i.e., the Regular Shipper’s actual Shipments during the first month of the Initial Base Period), and 17 months of such Regular Shipper’s Daily Contract Volume Commitment.

  • For the first and second months of the Initial Base Period, each Regular Shipper’s Historical Shipment Status will be deemed to equal such Regular Shipper’s Daily Contract Volume Commitment.

  • The Historical Shipment Status for Subsequent Expansion Non-Firm Shippers shall, during any Initial Base Period, be determined with reference to both the Subsequent Expansion Non-Firm Shipper’s Daily Contract Volume Commitment as set forth in such Subsequent Expansion Non-Firm Shipper’s TSA, and actual Shipments on an average Bpd basis, as more fully described below.

  • The Historical Shipment Status for an Initial Expansion Non-Firm Shipper shall, for any and every proration month, be equal to the greater of (a) the average of all Shipments (on a Bpd basis and including all Shipments under its non-firm capacity and uncommitted capacity) by such Initial Expansion Non-Firm Shipper during the applicable Base Period, and (b) such Initial Expansion Non-Firm Shipper’s Daily Contract Volume Commitment in effect for such proration month.

Related to Daily Contract Volume Commitment

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Contract Month means a calendar month (or portion thereof) during the term of this Agreement. Contract Month 1 shall commence on the first day of the first calendar month following the Effective Date and end on the last day of that calendar month.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Service credit month means a full service credit month or an

  • MMBtu means one million British thermal units.

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Service credit year means an accumulation of months of

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.