Incentive Shipper definition

Incentive Shipper means a Shipper that enters in to a TSA with a T&D Obligation to ship an aggregate amount of Barrels of Natural Gas Liquids, including Barrels shipped under Carrier’s current TXRRC tariff series No 1, that will result in an aggregate fee equal to or greater than $42MM / year for a one (1) year term, beginning on or before November 1 of the current year. The program expires October 31 of the subsequent year.
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Incentive Shipper means a Shipper with which Carrier has executed a Throughput and Deficiency Agreement for transportation service on all or part of the System.
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Incentive Shipper means a Shipper that is a party to a TSA with a T&D Obligation.
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Examples of Incentive Shipper in a sentence

  • At no point will Volume Incentive Shipper ra tes be lower than the Floor Rate or higher than the Ceiling Rate associated with each applicable Volume Tier.

  • Carrier Parties Has the meaning set forth in Rule 18(B).Committed Means a Volume Incentive Shipper or a TSA Shipper.

  • Term and Rates: Each Shipper who executes a T&D Agreement with Carrier for an Initial T&D Term of five (5) or ten (10) years with a Daily Volume Commitment of at least eleven thousand two hundred fifty (11,250) BPD is referred to herein as a Volume Incentive Shipper and shall be entitled to the rights and benefits of Carrier’s Volume Commitment Incentive Program set forth in this Rule 22 and the Committed Rates set forth in the Carrier’s Rates Tariff.

  • Definition: Subject to the proviso in Rule 17(B)(ii), if a Volume Incentive Shipper has an “Actual Monthly Deficiency Volume” as defined in Rule 22(B)-(C) then any Deficiency Payment shall be paid pursuant to Rule 17(B)(ii).

  • Unless otherwise expressly agreed to by Carrier, Volume Incentive Shipper shall not be permitted to reduce its Minimum Volume during the Term of the TSA.

  • The “Volume Incentive Rate” is the per Barrel rate that Volume Incentive Shipper agrees to pay for its actual shipments of Minimum Incentive Volumes during the Term, as that rate may be changed from time to time during the Term in accordance with the provisions of this Tariff and such Volume Incentive Shipper’s TSA.

  • During the continuance of a Volume Incentive Shipper default of its TSA, the tariff rate payable by a Volume Incentive Shipper for its Minimum Incentive Volume and any volumes that are shipped shall be the applicable General Commodity Rate then in effect, as set forth in Item No. [W]150 160.

  • A Shipper that is not an Incentive Shipper or Dedicated Shipper shall pay the applicable Uncommitted Rate set out in Section I of this Tariff.

  • Volume Incentive Shipper must execute a Lake Charles Volume Incentive Transportation Agreement with Carrier by November 1, 2017.

  • Volume Incentive Shipper shall have a one-time option at the end of the second Contract Year to change program levels from Level 2 to Level 1.


More Definitions of Incentive Shipper

Incentive Shipper means a Shipper that is a party to a Throughput and Deficiency Agreement.
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Incentive Shipper means a Shipper that is a party to a TSA.
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Incentive Shipper has the meaning set out in Item No. 21 of this Tariff.
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Incentive Shipper means a Shipper that is a party to a TSA with a T&D Obligation and fifteen
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Incentive Shipper means any Shipper who has executed a transportation agreement that has a
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Related to Incentive Shipper

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Individualized family service plan means a written plan for providing early intervention services to an eligible child and the child’s family.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Incentives means those payments made by the Program Administrator to Customers pursuant to the Program and these Terms and Conditions.

  • System for Award Management (XXX) means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at xxxx://xxx.xxx.gov.