Incremental Barrels definition

Incremental Barrels means any portion of a Committed Shipper’s Nomination (or Tender) that exceeds the Committed Shipper’s Monthly Volume Commitment.
Incremental Barrels means the Barrels of Product that a Committed Shipper nominates and tenders for shipment on the Pipeline in a Month that exceed the Committed Shipper’s Monthly Volume Commitment.
Incremental Barrels means the Barrels of Product that a 2018 TSA Committed Shipper Nominates and Tenders for shipment on the System in a Month that exceed such 2018 TSA Committed Shipper’s Minimum Volume Commitment.

Examples of Incremental Barrels in a sentence

  • If Carrier determines, in its sole discretion, that would occur as a result of such an allocation, Carrier shall instead allocate the Incremental Capacity available on Carrier’s System for the Proration Month among all Committed Shippers that submitted a Nomination for Incremental Barrels in the Proration Month, with such allocation being done on a pro rata basis according to the level of each Committed Shipper’s Volume Commitment.

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  • The Uncommitted Shipper Rates listed herein will apply to shipments by (i) all Shippers that are not Committed Shippers, and (ii) all shipments of Non-Priority Incremental Barrels by Committed Shippers.

  • Each Committed Shipper will also be allocated capacity equal to any volumes Nominated by the Committed Shipper in excess of its Monthly Volume Commitment (“ Incremental Barrels”), provided that the allocation of Incremental Barrels to one or more Committed Shipper does not cause the percentage of capacity allocated to Committed Shippers for the Proration Month to exceed 90 percent of the System Capacity for the Proration Month.

  • If Carrier determines, in its sole discretion, that would occur as a result of such an allocation, Carrier shall instead allocate the Incremental Capacity available on the affected line segment for the month among all Committed Shippers that submitted a Nomination for Incremental Barrels in the month, with such allocation being done on a pro rata basis according to the level of each Committed Shipper’s Monthly Volume Commitment.

  • Because the Committed Rates (as well as the Uncommitted Rates with respect to VC Shippers’ Incremental Barrels) to be paid by Shipper for the volumes of Crude Petroleum transported by Carrier will be determined based upon the specific TGSA and the specific TGSA Shipper for which Shipper is transporting Crude Petroleum pursuant to Section 19.1 of the TGSA, it will be necessary for Shipper to separately identify to Carrier each month the volumes of Crude Petroleum by TGSA and TGSA Shipper.

  • Carrier shall then allocate each Committed Shipper an amount of capacity equal to its Nomination for Incremental Barrels, provided that the allocation of Incremental Barrels to all Committed Shippers does not cause the Non-Priority Capacity on Carrier’s system (or the allocated portion thereof) to be reduced below ten percent (10%).

  • The Committed Rates, as defined in the TGSA, as well as the Uncommitted Rates (as defined in the TGSA with respect to VC Shippers’ Incremental Barrels) applicable to volumes of Crude Petroleum shipped by a TGSA Shipper, and that will apply to Shipper for those volumes that it ships as a Third Party Shipper with respect to the applicable TGSA Shipper, are set forth in Exhibit C of the TGSA, as such rates may be changed from time to time by Carrier pursuant to Article VIII of the TGSA.

  • If that were to occur, Carrier shall allocate the Incremental Capacity among all Committed Shippers that Nominated Incremental Barrels, with such allocation being done on pro-rata basis according to each Committed Shipper’s Monthly Volume Commitment.


More Definitions of Incremental Barrels

Incremental Barrels means any portion of a Committed Shipper’s Nomination (or Tender) thatexceeds the Committed Shipper’s Monthly Volume Commitment.
Incremental Barrels means the Barrels of Crude Oil that Shipper nominates and tenders for shipment on the Base Pipeline in a month that exceed Shipper’s Monthly Volume Commitment.
Incremental Barrels means any portion of a Committed Shipper’s Nomination (or Tender) that either (i) exceeds the Committed Shipper’s Monthly Volume Commitment, or (ii) for which the Committed Shipper is not allocated capacity under Item Nos. 90-A(C)(i) and 90- A(C)(ii).
Incremental Barrels means any portion of an Anchor Firm Shipper’s nomination for shipment on the Carrier Facilities in a proration month that exceeds its allocation of capacity after the application of the Allocation Method set forth below in Section C.
Incremental Barrels means the Barrels of Crude Petroleum that a Committed Shipper nominates and tenders for shipment in a month that exceed its Committed Volume.
Incremental Barrels means (i) the Flexible-Service Barrels that a Committed Shipper Nominates for shipment in a Proration Month but which the Committed Shipper is not allocated capacity for under Item No. 100(C)(ii)(2)(b), plus (ii) any portion of a Committed Shipper’s Nomination that exceeds the Committed Shipper’s Monthly Volume Commitment.

Related to Incremental Barrels

  • Increment means twelve (12) months of service credit which are purchased. The

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate amount of all Incremental Term Commitments established prior to such time pursuant to Section 2.24 and (ii) the aggregate increase in Revolving Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental cost means all costs that could be avoided in the medium term if a Segment was removed from the Network;

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