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

• 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.

• 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”).

• 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.

• In the event Carrier refuses to accept Barrels of Crude Petroleum Tendered by a VC Shipper for transportation under this tariff or a TGSA because such Shipper has been (i) in violation of this tariff, or (ii) in material breach of a TGSA at the time the Barrels are Tendered to Carrier, then no reduction shall be made to a Deficiency Payment if, as a result of such refusal, such VC Shipper fails to ship its Monthly Volume Commitment for such month.

• In the event Carrier refuses to accept Barrels of Crude Oil Tendered by a Committed Shipper for transportation under this tariff or a TSA because such Shipper has been (i) in violation of this tariff, or (ii) in material breach of a TSA at the time the Barrels are Nominated or Tendered to Carrier, then no reduction shall be made to a Deficiency Payment if, as a result of such refusal, such Committed Shipper fails to ship its Monthly Volume Commitment.

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 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, 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 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.