Monthly Deficient Barrels definition

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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Monthly Deficient Barrels means the number of Barrels by which a VC Shipper's or Committed Shipper's Monthly Throughput fails to meet its Monthly Volume Commitment.
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Monthly Deficient Barrels means the difference between the Barrels of Ethane a Committed Shipper actually ships on the System during a Month and the Committed Shipper’s Monthly Minimum Volume Commitment for such Month.
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Examples of Monthly Deficient Barrels in a sentence

  • If Shipper Ships less than its Monthly Minimum Volume Commitment in any Month of the Term commencing on the Commencement Date, in addition to paying Carrier the applicable Incentive Rate for the actual number of barrels that Shipper Shipped for such Month, Shipper shall also pay Carrier an amount equal to Shipper’s Monthly Deficient Barrels multiplied by the Incentive Rate applicable to the Monthly Minimum Volume Commitment, as set forth in Exhibit A (“Deficiency Payment”).

  • If Shipper does not request a reduction in its Monthly Deficient Barrels and continues to make Deficiency Payments to Carrier during the period of Carrier Force Majeure, Shipper shall be entitled to the credit rights provided in Section 5(b) of this Agreement.


More Definitions of Monthly Deficient Barrels

Monthly Deficient Barrels means, for a given month, the number of Barrels by which (a) a Committed Shipper’s Monthly Throughput on the System fails to meet (b) Shipper’s Monthly Volume Commitment.
Sample 1
Monthly Deficient Barrels means any shortfall in the number of barrels actually Shipped by Shipper in a Month compared to Shipper’s Monthly Minimum Volume Commitment, which shortfall shall be reduced by the number of (i) FM Deficient Barrels, if any,
Sample 1
Monthly Deficient Barrels means the number of Barrels by which (i) a VC Shipper’s
Sample 1

Related to Monthly Deficient Barrels

  • Daily Deficiency Rate means the rate employed to assess certain deficiency charges under Xxxxxx, Attachment DD, section 7, Tariff, Attachment DD, section 8, Tariff, Attachment DD, section 9, or Tariff, Attachment DD, section 13.

  • Unscheduled Outage means an interruption resulting in reduction of the Availability of the Element(s) / Project (as the case may be) that is not a result of a Scheduled Outage or a Force Majeure Event.

  • Generator Forced Outage means an immediate reduction in output or capacity or removal from service, in whole or in part, of a generating unit by reason of an Emergency or threatened Emergency, unanticipated failure, or other cause beyond the control of the owner or operator of the facility, as specified in the relevant portions of the PJM Manuals. A reduction in output or removal from service of a generating unit in response to changes in market conditions shall not constitute a Generator Forced Outage.

  • Scheduled Outage means the final outage plan as approved by the RPC as per the provisions of the Grid Code;

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.