Minimum Pipeline Throughput Volume definition

Minimum Pipeline Throughput Volume means (i) an aggregate volume of 912,500 Barrels of Products per Month throughput between the Marine Terminal and the Wilmington Refinery or any other destination designated by Customer from the Commencement Date through December 31, 2014, or (ii) an aggregate volume of 1,520,833 Barrels of Products per Month throughput between the Marine Terminal and the Wilmington Refinery or any other destination designated by Customer from January 1, 2015 through the expiration or termination of this Agreement; provided, however, that all volumes of Product throughput between the Marine Terminal and the Wilmington Refinery or any other destination designated by Customer will be applied towards the Minimum Pipeline Throughput Volume and provided, further, however, that the Minimum Pipeline Throughput Volume during the Month in which the Commencement Date occurs shall be prorated in accordance with the ratio of the number of days, including and following the Commencement Date, in such Month to the total number of days in such Month.
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Examples of Minimum Pipeline Throughput Volume in a sentence

  • If the Minimum Marine Throughput Volume and/or the Minimum Pipeline Throughput Volume are not met, then Customer shall receive a “Shortfall Credit” calculated as the difference between actual total volumes received during such Month and the Minimum Marine Throughput Volume and/or the Minimum Pipeline Throughput Volume multiplied by the sum of the MTVF and/or the Pipeline Use Fee, each on a per Barrel basis.

  • Within ten (10) days after the end of the use period, Licensee shall remove (at Licensee’s expense), and thereafter cease all use of any Licensed Technology or Licensed Marks licensed under this Agreement.

  • If any action is taken or threatened to declare these services a public use, then, upon notifying Customer, Operator may restructure and restate this Agreement, provided that such restructuring and restatement does not increase the charges that Customer is obligated to pay or prevent Customer from meeting its Minimum Marine Throughput Volume and Minimum Pipeline Throughput Volume obligations hereunder.