Entitlement Volume definition

Entitlement Volume means the greater of: (A) the average of an individual Historical Shipper’s monthly volumes during the Representative Period, based on actual volumes transported or otherwise paid for (excluding deficiency payments pursuant to paragraph 7.12(ii) and comparable deficiency payments for Term Shippers) during each month of the Representative Period, and (B) in respect of each Term Shipper, the Monthly Volume in effect for such Month being allocated. For added clarity, Entitlement Volume does not represent the volume of Available Capacity an individual Historical Shipper is entitled to for such Month being allocated; it is the numerator of the fraction used to calculated apportionment on a historical basis.
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Entitlement Volume means the volume of water to which the Authority is entitled to take and use under the terms of this Order, as set out in clause 7;
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Entitlement Volume means the greater of: (A) the average of an individual Historical Shipper’s monthly volumes during the Representative Period, based on actual volumes transported or otherwise paid for (excluding deficiency payments pursuant to Section 7.12(ii) and comparable deficiency payments for Term Shippers) during each month of the Representative Period, and (B) in respect of each Term Shipper, the Monthly Volume in effect for such Month being allocated. For added
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Examples of Entitlement Volume in a sentence

  • For added clarity, Entitlement Volume does not represent the volume of Available Capacity an individual Historical Shipper is entitled to for such Month being allocated; it is the numerator of the fraction used to calculated apportionment on a historical basis.

  • Even if the City approves Project Co’s proposal to increase Facility capacity over and above the City’s Entitlement Volume t at Project Co is obligated to process during the final year of the Term, the City will not assume any liability for Project Co’s investment in respect of this excess capacity in the event of Termination.

  • Table 3 Romsey Bulk Entitlement Summary Bulk Entitlement Bulk Entitlement (Romsey) Conversion Order 2001Water Sources and Bolinda Creek; Kerrie ReservoirStoragesAnnual Entitlement Volume 460 ML + 280 ML drought reserve(1)Daily Diversion Limit Max.

  • Valley Entitlement Volume means the volume of water attaching to the sum of the Entitlements in a river valley.

  • Note: Completion of the Asset Tiering assessment (by PETRONAS) is not a pre- requisite to start the Asset Grading process.Cash MarginCash Margin is defined as Revenue from sales of hydrocarbon minus Cash Cost incurred, divided by PSC Sales Entitlement Volume (in boe).

  • All such Medicare procedures and guidelines are applicable unless these Rules set forth a different procedure or guideline.

  • Customer's Imbalance will be positive if Customer has not been billed all of its Entitlement Volume for use at Customer's facilities, and Customer's Imbalance will be negative if Customer has been billed for use at Customer's facilities exceeding its Entitlement Volume.

  • And is this a dichotomy with which we can define sharply the term ‘virome’?In line with what we know about bacterial symbiosis, recent insights into the roles played by viruses suggest that such a classification is not possible.Whether a virus is good or bad for us, just as for a bacterium, is not a characteristic that it carries like an essence.

  • A costГÇôbenefit analysis of multidimensional fractionation of affinity purification-mass spectrometry samples.

  • Imbalance - the positive or negative difference between Customer's Entitlement Volume and the quantity billed to Customer under transportation rate schedule during a monthly billing period.

Related to Entitlement Volume

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

  • 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.

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

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Contract Amount means:

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Receipt Point means the receipt/inception point(s) where Crude Oil is received into the Gathering System, as such points are specified in Section II of this tariff.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Service Level means the standard set forth below by which IBM measures the level of service it provides in this SLA.

  • 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.