Monthly Deemed Volume Commitment definition

Monthly Deemed Volume Commitment means the product of (i) an Acreage Dedication Shipper’s Deemed Volume Commitment and (ii) the number of days in the applicable month.

Monthly Deemed Volume Commitment means the product of (i) the relevant Committed Shipper’s Deemed Volume Commitment, times (ii) the number of days in the applicable month.

Monthly Deemed Volume Commitment means the product of (i) an Acreage Dedication Shipper’s Deemed Volume Commitment and (ii) the number of days in the applicable month. “Monthly Deficient Barrels” means the number of Barrels by which (i) a VC Shipper’s Monthly Throughput fails to meet (ii) such VC Shipper’s Monthly Volume Commitment.

Examples of Monthly Deemed Volume Commitment in a sentence

• Any remaining System Capacity not allocated through the application of Items 7(C) or 7(D) shall be allocated first, pro rata, among all Committed Shippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• Any remaining System Capacity not allocated through the application of Items 7(C) or 7(D) shall be allocated first, pro rata, among all Committed Shippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Deemed Volume Commitment.

• Any remaining System Capacity not allocated through the application of Items 26(C) or 26(D) shall be allocated first, pro rata, among all Committed Shippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Deemed Volume Commitment.

• Any remaining System Capacity not allocated through the application of Items 26(C) or 26(D) shall be allocated first, pro rata, among all Committed Shippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• Any remaining System Capacity not allocated through the application of Items 100(c) or 100(d) shall be allocated first, pro rata, among all Committed Shippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• Any remaining System Capacity not allocated through the application of Items 100(c) or 100(d) shall be allocated first, pro rata, among all CommittedShippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• Except as provided in Item 7(C)(2), Carrier shall allocate each Committed Shipper an amount of System Capacity equal to the lesser of the Committed Shipper’s Nomination for the Proration Month for Committed Rate Movements or its Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• If a Committed Shipper Nominates volumes in excess of its Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable, then the excess incremental volumes shall be subject to prorationing under Item 7(E) below along with Uncommitted Rate movements under Item 7(D) below.

More Definitions of Monthly Deemed Volume Commitment

Monthly Deemed Volume Commitment means the product of (a) a Committed Producer’s Deemed Volume Commitment and (b) the number of Days in the applicable Month.

Monthly Deemed Volume Commitment means the product of (i) an Acreage Dedication