Examples of Pipeline Segment in a sentence
At such time as MPL is capable of transporting volumes equal to the full applicable Quarterly Throughput Commitment on such Pipeline Segment, MPC’s obligation to ship the full applicable Quarterly Throughput Commitment shall be restored.
For the purposes of this Section 3.6, during the Term, if any Pipeline Segment is in allocation for any portion of a month, such Pipeline Segment will be considered to be in allocation for the entirety of such month.
If MPL is unable to transport the Minimum Capacity due to a Force Majeure event, then MPC’s obligation to ship the applicable Quarterly Throughput Commitment on the applicable Pipeline Segment and pay the applicable Quarterly Deficiency Payment shall be reduced to the extent that MPL is prevented from transporting the full applicable Quarterly Throughput Commitment.
Within the Petroleum LOB, eliminations arising from transactions between the Domestic Production Segment (column E), the Domestic Refining/ Marketing Segment (column F), and the Domestic Pipeline Segment (column G) must be reported on Schedule 5210 in column D.
If, during any Quarter during the Term, MPC Deliveries on a Pipeline Segment exceed the applicable Quarterly Throughput Commitment on such Pipeline Segment for such Quarter, MPC shall be permitted to apply Prepaid Transportation Credits against any amounts due from MPC and payable to MPL with respect to the transportation of any volumes on such Pipeline Segment in excess of the Quarterly Throughput Commitment on such Pipeline Segment for such Quarter.