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 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.
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.
Examples of Incremental Volumes in a sentence
Upon the Default by Guilford and/or Holdings under this Agreement, Amgen shall notify Guilford and/or Holdings of such Default and require that Guilford and/or Holdings, as the case may be, cure such Default within sixty (60) days.
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.