Plant Shrinkage definition

Plant Shrinkage means the loss of fresh milk occurring during the processing of milk or milk products and is attributable to such events as leakage, spillage, and unrecoverable milk from vats, pipes, and processing equipment.

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Plant Shrinkage means the thermal content of Riverbend Plant Products removed from Gas as a result of processing at the Plant.

Plant Shrinkage means the decrease in Customer’s Gas volume as adjusted for heating content that results from the conversion of liquefiable hydrocarbons in the Gas into Plant Products utilizing the standards set forth in Article V of the General Terms and Conditions, and shall be based on the applicable Fixed Recovery Percentages. “PPI” means the Producer Price Index by Commodity for Final Demand: Finished Goods, Seasonally Adjusted (Series Id: WPSFD49207), as published by the United States Department of Labor, Bureau of Labor Statistics; provided, however, (i) if the Bureau of Labor Statistics ceases to publish such index, the PPI shall mean a comparable index selected by SCM and reasonably acceptable to Customer, and (ii) if the applicable governmental agency or other entity that publishes or issues such index changes the base year for such index or the manner in which such index is calculated, then determination of adjustments pursuant to this Agreement that are based on comparative values of such index shall be made using values for such index that are calculated using the same base year and the same methodology for each index value used in such comparison. “Primary Term” has the meaning set forth in Section 6.1 of the Agreement. “Prior Dedication” means any gathering or processing agreement or any commitment or arrangement (including any volume commitment) that would require or necessitate Dedicated Gas to be gathered on any gathering system or similar system other than the SCM GGP System or for Dedicated Gas to be processed anywhere other than at the Plant. “Processing Fee” has the meaning set forth in Section 3.1(d) of the Agreement. 6

Examples of Plant Shrinkage in a sentence

• Subject to this Agreement, Gatherer shall, as nearly as practicable each Day, receive at the Receipt Points and deliver for Producer’s account, at the Delivery Points, an Equivalent Quantity of Producer’s Gas, less FL&U, Plant Shrinkage (as applicable) and Drip Liquid shrinkage.

• All receipts and deliveries of Producer’s Gas hereunder shall be balanced on an MMBtu basis, less Producer’s allocated share of FL&U, Plant Shrinkage (as applicable) and Drip Liquid shrinkage.

• The term of this Agreement shall commence on the Effective Date and shall, unless earlier terminated pursuant to this Article 17 or other express termination provisions in this Agreement, expire on the tenth (10th) anniversary of the First Commercial Sale of Product.

• However, Gatherer, to the extent reasonably practicable, will deliver each Day an Equivalent Quantity, less FL&U, Plant Shrinkage (as applicable) and Drip Liquids shrinkage, to the Delivery Points.

• The ultimate custody transfer point for Producer’s Gas will be at the interconnection between the facilities of Gatherer and the Receiving Transporter and therefore the volume attributable to Producer will be an allocated volume based on Producer’s pro rata portion of all Gas delivered to the Receiving Transporter less Producer’s allocated share of FL&U, Plant Shrinkage, Drip Liquids shrinkage, and any other adjustments hereunder.

• For the purposes of determining the amount of any Contract Demand Credits in accordance with Section 8.01 in respect of Firm Transportation Service – Northern, Temporary Firm Service or Short Term Firm Service with a Delivery Point at the Straddle Plant Delivery Point, the volume differential to be used in the calculation of those credits shall be a volume of gas equal to the product obtained by multiplying the applicable volume differential specified in Section 8.01 by the Straddle Plant Shrinkage Factor.

More Definitions of Plant Shrinkage

Plant Shrinkage means the loss of fresh milk occurring during the processing of milk or milk products and includes, but not limited to, such items as leakage, spillage, and milk not fully recovered from vats, pipes, and processing equipment.

Plant Shrinkage means the thermal content of Plant Products removed from Gas as a result of processing at the Plant. “Producer” is defined in the preamble. “Producer’s Gas” means the Dedicated Reserves committed hereunder by Producer. “Producer Price Index” means the index covering intermediate materials, supplies and components; as determined and published by the United States Bureau of Labor Statistics (“BLS”) or any successor agency thereto. “Producer’s Reservations” is defined in Section 3.4. “Quarterly Minimum Volume” means, for each calendar quarter in the Minimum Volume Period, a minimum volume of Producer’s Gas equal to 22,800 Mcf per Day multiplied by the number of Days in each such calendar quarter “Questar” means Questar Pipeline Company and any successor thereto. “Receipt Points” means the outlet flange of the metering facilities at each of the existing receipt points as of the Effective Date, for which the Producer owns the meters and which are described in Schedule 2 and (ii) the inlet flange of the metering facilities for any new or existing receipt points that may, from time to time, be added by Gatherer to the Gathering

Plant Shrinkage means the combined Antrim Gas stream loss associated with CO2 removal and the fuel actually used each Month at the Chestonia 17 CO2 Treating Plant on the Radec Pipeline.