Examples of Demethanized Mix in a sentence
Except where the context requires another meaning, the following terms have the following meanings: 1.1 Regular Shipper means a Shipper that has shipped Demethanized Mix on Carrier’s system from the date of start up through the first three (3) Months of operation.
Thereafter, a -Regular Shipper is a shipper that has shipped Demethanized Mix on Carrier’s system at any time during the twelve (12) Month period preceding the first day of the Month in which the system or a portion of the system is prorationed.
For existing shippers executing an amended 2019 Volume Incentive Program Transportation Agreement, the “Commitment Period” (and each year within that period a “Contract Year”) means the five (5) year period beginning on the later of (i) January 1, 2014 or (ii) the first day of the month including the date upon which the connection facilities were in place and available to receive Demethanized Mix.
Demethanized Mix - shall mean a mixture of any or all of the following components: ethane, propane, isobutane, normal butane, and natural gasoline.
The Wattenberg Injection Fee is an additional fee and will be applied to and charged separately from the Rates Applicable to Transportation of Product, Product Dedication and Volume Minimum Incentive Program Rates – Demethanized Mix, or any other Carrier charges.
If, during any Contract Year of the Commitment Period, Shipper’s ability to deliver Demethanized Mix to Carrier for transport is reduced or suspended due to an event of Force Majeure, such Contract Year shall be extended by the number of days that Shipper was unable to fully perform due to such Force Majeure event.
Carrier will be obligated to deliver only that portion of such Demethanized Mix remaining after deducting Shipper's proportion of such loss determined as aforesaid.
Carrier will compensate Shippers for Demethanized Mix losses for which Carrier is liable by paying the value of such Demethanized Mix at the point where transportation originated.
In case of loss of any Demethanized Mix from any such causes, after it has been received for transportation and before the same has been delivered to Shipper or Consignee, such loss will be charged proportionately to each Shipper in the ratio that his Demethanized Mix, or portion thereof, received and undelivered at the time the loss occurs, bears to the total of all Demethanized Mix then in the custody of the Carrier for transportation via the pipelines or other facilities in which the loss occurs.
Product - shall mean Demethanized Mix meeting specifications issued by Carrier.