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Deficiency Payment definition

Deficiency Payment has the meaning set forth in Section 9(a).
Deficiency Payment means the payment due by a VC Shipper to Carrier, in accordance with VC Shipper’s TGSA, for such Committed Shipper’s Monthly Deficient Barrels.
Deficiency Payment shall have the meaning specified in Section 5.01(e) hereof.

Examples of Deficiency Payment in a sentence

  • This Section 7 shall survive the expiration or termination of this Schedule, if necessary for the application of any Quarterly Deficiency Payment against any Quarterly Surplus Volume as set forth herein.

  • If it is finally determined pursuant to this Article 10 that HFRM is required to pay any or all of the disputed portion of the Deficiency Payment, HFRM shall promptly pay such amount to HEP Operating, together with interest thereon at the Prime Rate, in immediately available funds.

  • HFRM shall pay the Deficiency Payment to HEP Operating upon the later of: (A) ten (10) days after their receipt of the Deficiency Notice and (B) thirty (30) days following the end of the related Contract Quarter.

  • Customer shall pay Company the amount of such Quarterly Deficiency Payment along with any Throughput Charge payable hereunder.

  • If HFRM disagrees with the Deficiency Notice, then, following the payment of the undisputed portion of the Deficiency Payment to HEP Operating, if any, HFRM shall send written notice thereof regarding the disputed portion of the Deficiency Payment to HEP Operating.


More Definitions of Deficiency Payment

Deficiency Payment means payments to be made by a Committed Shipper as determined in accordance with Article 7 of the TSA.
Deficiency Payment means the payment due by a VC Shipper or Committed Shipper to Carrier, in accordance with the Shipper's Transportation Services Agreement, for such Shipper's Monthly Deficient Barrels.
Deficiency Payment means a payment to be made by a Volume Commitment Shipper, as determined in accordance with a Volume Commitment TSA.
Deficiency Payment means payments to be made by a Committed Shipper as determined in accordance with a TSA.
Deficiency Payment means the sum payable by member organizations to the Fund in accordance with article 26 (a) of the Regulations of the Fund;
Deficiency Payment means the payment due by a Committed Shipper, in accordance with the Committed Shipper’s TSA, for such Committed Shipper’s Monthly Deficient Barrels.
Deficiency Payment means the payment by SHIPPER for a shortfall during any Month in meeting the Minimum Monthly Volume Requirement, which payment shall be calculated based upon the Actual Shipments during such Month and shall be equal to the product of: