Monthly Volume Commitment definition

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

Monthly Volume Commitment means a Committed Shipper’s Volume Commitment multiplied by the number of days in the applicable month.

Monthly Volume Commitment as herein used means the then-applicable Volume Commitment multiplied by the number of days in the applicable month.

Examples of Monthly Volume Commitment in a sentence

• Customer agrees to pay all usage based billing along with any monthly recurring charges (“MRCs”), Non Recurring Charges (“NRCs”) and Monthly Volume Commitment (“MVC”) set forth in each SO (collectively, “Service Charges”).

• During the Extended Term, Customer’s Total Usage Charges under this Agreement must equal or exceed a prorated minimum monthly volume commitment (“Minimum Monthly Volume Commitment) of $375,000.00.

• For clarity, and notwithstanding anything contained in this Section 6.3 to the contrary, Xxxxxxx shall in all circumstances remain subject to its obligations pursuant to this Agreement in respect of its Monthly Volume Commitment.

• N/A (uncommitted shippers do not have committed volumes for which they would be restricted from or wanting to nominate between service hauls) Section Rights and Obligations of Committed Shipper in Producer Requirements Contract TSA Applicable to Flex Service Term Applicable to Uncommitted Shipper/Uncommitted Service retain its Priority Access on the Canadian Mainline and the delivery will count towards the Monthly Volume Commitment committed to Service (Ex Edmonton Long Haul).

More Definitions of Monthly Volume Commitment

Monthly Volume Commitment means the product of(i) a VC Shipper's or Committed Shipper's Volume Commitment and (ii) the number of Days in the applicable Month.

Monthly Volume Commitment means a Committed Shipper’s Committed Volume multiplied by the number of days in the applicable Month.

Monthly Volume Commitment means, for each proration month, the product of (a) a shipper’s Daily Volume Commitment applicable to such proration month multiplied by (b) the number of days in such proration month.

Monthly Volume Commitment means the volume of Product a Committed Shipper agreed to ship on the Pipeline each month, or otherwise pay for the shipment of, in its TSA.

Monthly Volume Commitment means a Committed Shipper’s Volume Commitment multipliedby the number of days in the applicable month.

Monthly Volume Commitment means (a) with respect to available capacity on the System (excluding the Killdeer Expansion Capacity and the Lost Bridge Expansion Capacity), the product of (i) a Committed Shipper’s Annual Volume Commitment divided by 365, multiplied by (ii) the number of days in the Proration Month, and (b) with respect to the Killdeer Expansion Capacity and the Lost Bridge Expansion Capacity, a Committed Shipper’s pro rata share of the ninety-percent of such capacity that is reserved for Committed Shippers, which share shall be determined based upon Nominations submitted by Committed Shippers.

Monthly Volume Commitment means the product of the Daily Volume Commitment and the number of days in the applicable Month.