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.