Operating Month definition

Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

Operating Month means any month in which Carrier transports Crude Petroleum. For purpose hereof, the month shall be deemed to begin on the first day of such month at 0000 hours until the first day of the succeeding month at 0000 hours (Central Standard or Central Daylight Savings time in Sugar Land, TX, whichever is in effect of the date specified).

Operating Month for a Shipper means any calendar month in which the Carrier transports crude petroleum for the account of such party. For purpose hereof the calendar month shall be deemed to begin at 7:00 a.m. (Eastern Time) on the first day of such month.

Examples of Operating Month in a sentence

• However, the Carrier will deliver a grade of Crude Petroleum as nearly like the grade of Crude Petroleum received as Carrier is regularly transporting as a common stream to the same destination point in the Operating Month.

• The Carrier is under no obligation to accept a Tender of Crude Petroleum for shipment for any Operating Month unless the Shipper submits its Nomination to the Carrier on or before the Nomination Date.

• The Carrier shall not be obligated to recognize and record changes in ownership of Crude Petroleum during any Operating Month unless the Transferor and Transferee requesting the Carrier to recognize and record the change in ownership shall, each, on or before the Nomination Date provide written notice to the Carrier containing like data relative to the kind, quantity, source, location, Transferor and Transferee of the Crude Petroleum.

• A notice of change in ownership of Crude Petroleum shall be deemed: (1) a warranty that the Transferor has unencumbered title to the Crude Petroleum identified in its notice at the time of change in ownership, and (2) a representation that the change in ownership is effective on the first day of the Operating Month.

• The Carrier shall not be obligated to accept any modification in said notice unless confirmed in writing by the Transferor and Transferee on or before the last day of the calendar month preceding the Operating Month.

More Definitions of Operating Month

Operating Month as herein used means any month in which Carrier transports NGLs. For purpose hereof, the month shall be deemed to begin on the first day of such month at 0000 hours until the first day of the succeeding month at 0000 hours (Eastern Standard or Eastern Daylight Savings Time in Philadelphia, PA, whichever is in effect on the date specified).

Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports VGO or recognizes and records a change in ownership of VGO for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Mountain Time) on the first day of such month and end immediately before 7:00 a.m. (Mountain Time) on the first day of the next succeeding month.

Operating Month as herein used means a month that shall be deemed to begin the first day of such month at 0700 hours until the first day of the succeeding month at 0659 hours (Central Standard or Central Daylight Savings Time, as applicable).

Operating Month means any calendar month in which the Carrier transports commodities. For purpose hereof the calendar month shall be deemed to begin at 12:01 a.m. (Eastern Standard Time or Eastern Daylight Savings Time, whichever is in effect on the date specified) on the first day of such month.

Operating Month for Shipper or Transferor means any month in which Carrier either transports Petroleum or recognizes and records a change in the ownership of Petroleum for the account of such party. For purpose hereof, the month shall be deemed to begin on the first day of such month at 0700 hours until the first day of the succeeding month at 0659 hours [Central Standard or Central Daylight Savings Time, whichever is in effect on the date specified].

Operating Month as herein used means any month in which Carrier transports Product. For purpose hereof, the month shall be deemed to begin on the first Day of such month at 0700 hours until the first Day of the succeeding month at 0700 hours (Central Standard or Central Daylight Savings Time in Houston, TX, whichever is in effect on the date specified).