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.
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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.
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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.
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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.

  • 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.

  • 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 or its Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

  • If a Committed Shipper Nominates volumes in excess of its Monthly Deemed Volume Commitment, then the excess incremental volumes shall be subject to prorationing under Item 7(E) below.

  • 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.

  • If an event of Force Majeure or other operational issue causes System Capacity to be reduced for the Proration Month, Carrier shall allocate available System Capacity to first satisfy the Nominations up to Monthly Deemed Volume Commitment or Monthly Volume Commitment, as applicable, of each Priority Shipper under this Item 18(A), provided only that 5% of such available System Capacity shall be reserved for Uncommitted Shippers.

  • Except as provided in Item 7(C)(ii), Carrier shall allocate each Committed Shipper an amount of System Capacity equal to the lesser of (1) the Committed Shipper’s Nomination for the Proration Month or (2) its Monthly Deemed Volume Commitment, as applicable.

  • 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.

  • Except as provided in Item 100(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 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 100(e) below.


More Definitions of Monthly Deemed Volume Commitment

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

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

  • 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.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

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

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • Service Volume means a measure of Services for which a Performance Target is set;

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Available Commitment means a Lender’s Commitment minus:

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.