Excess Barrels definition

Excess Barrels means, with respect to any Month, all Barrels of crude petroleum and refined petroleum products shipped by TRMC on the Short Haul Pipelines during such Month in excess of the Minimum Throughput Commitment.
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Excess Barrels has the meaning set forth in Section 5(b).
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Excess Barrels means volumes of Refined Petroleum Products shipped during a Calendar Quarter in excess of the Quarterly Minimum Volume Commitment.
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Examples of Excess Barrels in a sentence

  • The dollar amount of any Shortfall Payment included in the monthly invoice described in Section 6(c) below and paid by TRMC shall be posted as a credit to TRMC’s account (the “Credit”), and such Credit shall be applied in subsequent monthly invoices against amounts owed by TRMC for Transportation Fees on Excess Barrels shipped on the Short Haul Pipelines during any of the succeeding three (3) Months.

  • For purposes of calculating the amount owed by TRMC for shipments of Excess Barrels in any Month, the number of Excess Barrels shipped on each Tariff Section of the Pipeline System shall be deemed to be equal to (i) the total number of Excess Barrels shipped during such Month times (ii) the result of (A) the total number of Barrels shipped on such Tariff Section during such Month divided by (B) the total number of Barrels shipped on all Tariff Sections the Pipeline System during such Month.

  • The dollar amount of any Shortfall Payment included in the monthly invoice described in Section 6(d) below and paid by TRMC shall be posted as a credit to TRMC’s account (the “Credit”), and such Credit shall be applied in subsequent monthly invoices against amounts owed by TRMC for Throughput Fees on Excess Barrels shipped on the LAR Short Haul Pipelines during any of the succeeding three (3) Months.

  • The dollar amount of any Shortfall Payment included in the monthly invoice described in Section 6(c) below and paid by TRMC shall be posted as a credit to TRMC’s account (the “Credit”), and such Credit shall be applied in subsequent monthly invoices against amounts owed by TRMC for Excess Barrels shipped on the intrastate portion of the Pipeline System during any of the succeeding three (3) Months.

  • To the extent that Shipper ships Excess Barrels during any following Calendar Quarter within the same Year in which the Deficiency Payment is made, such Deficiency Payment shall be treated as a credit toward and applied against xxxxxxxx for those Excess Barrels.

  • Project includes construction of new transmission lines to strengthen the network for additional power transmission while improving the quality and reliability of supply.

  • If, during any Month, TRMC ships Excess Barrels, then TRMC shall pay to TLO, in addition to the Transportation Fee owed for actual Barrels shipped and delivered during such Month, an amount equal to (i) all Excess Barrels multiplied by (ii) the Transportation Fee (the "Excess Barrels Payment").

  • Subject to the provisions of this Section 4, the tariff rate payable for any Excess Barrels shall be the Non-Incentive Rate for uncommitted volumes set forth in the Rate Tariff (the “Non-Incentive Rate”).

  • The dollar amount of any Monthly Shortfall Payment included in the Monthly invoice described in Section 6(f) below and paid by TRMC shall be posted as a credit to TRMC's account (the "Credit"), and such Credit shall be applied in subsequent Monthly invoices against the Excess Barrels Payment owed by TRMC during any of the succeeding three (3) Months.

  • If, with respect to any calendar year during the Capital Recovery Period, actual shipments by TRMC through the UNEV Connection exceed the UNEV Minimum Throughput Commitment, then TRMC shall pay to TLO, in addition to the UNEV Demand Charge and the UNEV Connection Throughput Fee, an amount equal to (i) the amount of UNEV Excess Barrels multiplied by (ii) the Transportation Fee (the "UNEV Excess Barrels Payment").

Related to Excess Barrels

  • Excess Concentration means, without duplication, the sum of the following amounts:

  • Loop Concentrator/Multiplexer or "LCM" is the Network Element that does one or more of the following: aggregates lower bit rate or bandwidth signals to higher bit rate or bandwidth signals (multiplexing); disaggregates higher bit rate or bandwidth signals to lower bit rate or bandwidth signals (demultiplexing); aggregates a specified number of signals or channels to fewer channels (concentrating); performs signal conversion, including encoding of signals (e.g., analog to digital and digital to analog signal conversion); or in some instances performs electrical to optical (E/O) conversion. LCM includes DLC, and D4 channel banks and may be located in Remote Terminals or Central Offices.

  • Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

  • Residual disinfectant concentration (“C” in CT cal- culations) means the concentration of disinfectant measured in mg/l in a representative sample of water.

  • 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.

  • Plasma arc incinerator means any enclosed device using a high intensity electrical discharge or arc as a source of heat followed by an afterburner using controlled flame combustion and which is not listed as an industrial furnace.

  • Chemical Storage Facility means a building, portion of a building, or exterior area adjacent to a building used for the storage of any chemical or chemically reactive products.

  • Generator Forced Outage means an immediate reduction in output or capacity or removal from service, in whole or in part, of a generating unit by reason of an Emergency or threatened Emergency, unanticipated failure, or other cause beyond the control of the owner or operator of the facility, as specified in the relevant portions of the PJM Manuals. A reduction in output or removal from service of a generating unit in response to changes in market conditions shall not constitute a Generator Forced Outage.

  • Transit Traffic means traffic originating on CLEC’s network that is switched and transported by AT&T-TSP and delivered to a Third Party Terminating Carrier’s network or traffic from a Third Party Originating Carrier’s network. A call that is originated or terminated by a CLEC purchasing local switching pursuant to a commercial agreement with AT&T-TSP is not considered Transit Traffic for the purposes of this Attachment. Additionally Transit Traffic does not include traffic to/from IXCs.

  • Short-barreled rifle means a rifle having one or more barrels less than sixteen inches in length and any weapon made from a rifle by any means of modification if such modified weapon has an overall length of less than twenty-six inches.

  • Baseline concentration means that ambient concentration level that exists in the baseline area at the time of the applicable minor source baseline date. A baseline concentration is deter- mined for each pollutant for which a minor source baseline date is estab- lished and shall include:

  • Eligible customer-generator means a customer-generator whose net energy metering system for renewable resources, cogeneration, fuel cells, and microturbines meets all applicable safety and performance standards.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

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

  • Concentration Percentage means (i) for any Group A Obligor, 10.00%, (ii) for any Group B Obligor, 8.00%, (iii) for any Group C Obligor, 6.00% and (iv) for any Group D Obligor, 4.00%.

  • Customer-generator means a user of a net metering system.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Demarcation Point means the point where Qwest owned or controlled facilities cease, and CLEC, End User Customer, premises owner or landlord ownership or control of facilities begin. "Designed, Verified and Assigned Date" or "DVA" means the date on which implementation groups are to report that all documents and materials have been received and are complete.

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

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Maximum residual disinfectant level or “MRDL” means a level of a disinfectant added for water treatment that may not be exceeded at the consumer’s tap without an unacceptable possibility of adverse health effects.

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Destination Point means the delivery point(s) on Carrier’s System where Product is delivered to Shipper, as such points are specified in Section III of this tariff.