Incremental Volumes definition

Incremental Volumes has the meaning set forth in the definition of clause (xii) of Consolidated EBITDA.
Incremental Volumes means, with respect to a relevant month, the aggregate volumes gathered or transported by the Manta Ray System or the Nautilus System, as applicable, in excess of the Base Capacity, plus the relevant Expansion Property Production; provided, however, that the Incremental Volumes shall be applied to Major Expansion Projects which have not paid out pursuant to Section 15.2 in chronological order of completion.
Incremental Volumes means, with respect to a relevant month, the aggregate volumes received, stored and delivered by TOPS in excess of the Base Capacity, plus the relevant Expansion Throughput; provided, however, that the Incremental Volumes will be applied to Expansion Projects which have not paid out pursuant to Section 15.3 in chronological order of completion.

Examples of Incremental Volumes in a sentence

  • Applications for this Incentive will be accepted on a "first come, first served basis", such that once the Incentive Pot has been allocated for the Expected Incremental Volumes agreed with applicants, no new applications will be accepted.

  • If the total Nominations by the Committed Shippers of Incremental Volumes exceed the available Incremental Volume Capacity, Carrier will prorate the Nominations of Incremental Volumes in proportion to the Committed Shippers' respective Committed Volumes so that the aggregate Incremental Volumes do not exceed the available Incremental Volume Capacity.

  • Term Incremental Volumes July 1, 1999 – June 30, 2001 Winter (Oct.

  • Any Incremental Volumes prorated in accordance with the preceding sentence (“Committed Shipper’s Excess Volumes”) shall be included in the allocation of any remaining available capacity in Item 60(a)(vi).

  • During the Initial Term, Executive shall not at any time or place or to any extent whatsoever, either directly or indirectly, without the express written consent of the Board, engage in any outside employment or in any activity that, in the reasonable judgment of the Combined Company, is competitive with or adverse to the business, practice or affairs of the Combined Company or any of its affiliates, whether or not such activity is pursued for gain, profit or other pecuniary advantage.


More Definitions of Incremental Volumes

Incremental Volumes means, with respect to a relevant Expansion, the aggregate volumes gathered during any month by the Brutus Gathering Facilities in excess of the Base Capacity in effect immediately prior to such Expansion Project; provided, however, that the Incremental Volumes shall be applied to Expansion Projects which have not paid out pursuant to Article XV in chronological order of completion.

Related to Incremental Volumes

  • 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.

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

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

  • 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 Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • 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 Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

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

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • 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 increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

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

  • Incremental value means a figure derived by multiplying the marginal value of the property located within a project area on which tax increment is collected by a number that represents the adjusted tax increment from that project area that is paid to the agency.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board.

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

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Incremental Auction Revenue Rights means the additional Auction Revenue Rights, not previously feasible, created by the addition of Incremental Rights-Eligible Required Transmission Enhancements, Merchant Transmission Facilities, or of one or more Customer- Funded Upgrades.

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

  • Increment means the amount per annum provided as a rate of increase in the applicable salary payable to any eligible employee, which unless the context of the relevant approved pay range otherwise clearly indicates, may be granted annually on the applicable anniversary dates.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).