Monthly Deficiency Payment definition

Monthly Deficiency Payment means payments to be made to Carrier by a Committed Shipper as determined in accordance with the TSA of such Committed Shipper.

Monthly Deficiency Payment means, for any Month, the dollar amount equal to the product of the Deficiency Volume for such Month multiplied by the applicable Deficiency Rate.

Monthly Deficiency Payment means a payment to be made by a Committed Shipper as determined in accordance with the applicable TSA.

Examples of Monthly Deficiency Payment in a sentence

• Seller shall issue credit note for the gas taken under Make Up Gas till the Monthly Deficiency Payment is setoff and reduced to zero.

• Sellers’ rights to receive payment in respect of Sales Gas delivered to Buyer and in respect of Buyer’s obligations to pay for Sales Gas and for Sales Gas not taken (including payment of the Monthly Deficiency Payment) shall be in accordance with their respective Participating Interests.

• Seller shall also subsequently issue a credit note to Buyer for the amount equivalent (such amount hereinafter referred as Make Up Gas Credit) to lower of (a) positive difference of aggregate of Monthly Deficiency Payment less aggregate of Make Up Gas Credit, if any, availed in past or (b) Make Up Gas quantities supplied by the Seller multiplied by Weighted Average Monthly Contract Price.

• The Premiere Companies shall have the right ----------------- to set off against any amounts otherwise payable by a Premiere Company to a WorldCom Company the amount of any unpaid Monthly Deficiency Payment and Late Payment Charge due hereunder.

• If WorldCom does not make a required ------------------- Monthly Deficiency Payment on or before the relevant Payment Date, WorldCom shall also pay a late fee computed daily commencing with the day immediately following the Payment Date on the amount of the unpaid balance of the Monthly Deficiency Payment at the lesser of (a) one and one half percent (1-1/2%) per month or (b) the maximum rate allowed under applicable Law (a "Late Payment Charge").

More Definitions of Monthly Deficiency Payment

Monthly Deficiency Payment means a payment to be made by a Committed Shipper for failure to transport its Monthly Volume as determined in accordance with such Committed Shipper’s TSA.

Monthly Deficiency Payment means a payment to be made by a Committed Shipper as determined in accordance with such Committed Shipper’s TSA.

Monthly Deficiency Payment has the meaning given to such term in Clause 9(b)(ii).

Monthly Deficiency Payment means a payment to be made by a Committed Shipper or a DAPL Connector Committed Shipper as determined in accordance with the applicable TSA.

Monthly Deficiency Payment has the meaning given to it in Section 6.01 of this Agreement; “Monthly Deficiency Quantity” has the meaning given to it in Section 6.02 of this Agreement; “NEB” means the National Energy Board and any lawful successor agency thereto;

Monthly Deficiency Payment has the meaning given to it in Section 7.02;

Monthly Deficiency Payment means, collectively, the Start-Up Monthly Deficiency Payment, the Ordinary Monthly Deficiency Payment and the Special Monthly Deficiency Payment.