Prepaid Transportation Credits definition

Prepaid Transportation Credits means credits generated by deficiency payments made by a Committed Shipper under a TSA that may be applied as prepayment for transportation by such Committed Shipper.
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Prepaid Transportation Credits has the meaning set forth in Section 3.6.
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Prepaid Transportation Credits means credits generated by deficiency payments made by a Priority Service Shipper that may be applied as prepayment for transportation by such Priority Service Shipper.
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Examples of Prepaid Transportation Credits in a sentence

  • Any remaining Available Capacity after implementing steps #1, #2 and #3 will be allocated on a pro rata basis to Committed Shippers nominating volumes pursuant to Alternate Path Origin Point Nominations, Alternate Path Destination Point Nominations, Alternate Out of Path Nominations, and volumes to be shipped with the application of Prepaid Transportation Credits, based on the excess of such Committed Shippers' Nomination over the capacity allocated to such Committed Shipper pursuant to Steps #2 and #3.

  • Available Capacity remaining after allocation to Uncommitted Shippers as set forth above shall be allocated to Committed Shippers nominating Prepaid Transportation Credits.

  • Reducing Hospital Readmissions Through Preferred Networks of Skilled Nursing Facilities.


More Definitions of Prepaid Transportation Credits

Prepaid Transportation Credits has the meaning set forth in Section 3.6. 3 “Product” means the commodities commonly associated as specialty petroleum products, specifically condensate, natural gasoline, and diluent. Product may also include liquefied petroleum gas commodities such as butane. Product, as designed in this Agreement, does not refer to finished gasoline and diesel products. “Project Capacity” means the aggregate of each system’s total capacity that is made available for Product movements by means of the Project, by either expanding existing pipelines or building new pipelines. “Proportionate Share” means, at any given time, the percentage equal to Shipper’s volume commitment divided by the total volume commitments at such time. “Quarter” means the three (3) calendar month periods, or portion thereof, commencing January 1, April 1, July 1 and October 1 of each year during Term hereof. “Quarterly Volume Commitment” means Shipper’s commitment to ship, or otherwise pay for, each Contract Year of the fifteen (15) year term of this Agreement, at posted Pipeline Tariff Rates as set forth in Exhibit B, which equals a total annual Product volume as determined from Exhibit C. With respect to the required quarterly volume, the volume of Product is equal to: (a) volume per day multiplied by; (b) the number of Days in such Quarter. The Quarterly Volume Commitment will be reduced proportionately for any partial Quarter during the Term. “Representatives” has the meaning set forth in Section 7.1. “Requested Expansion Volume Commitment” has the meaning set forth in Section 6.6. “Shipper Deliveries” means the volume of Product that Shipper as the shipper of record delivered through the Pipeline. “Termination Notice” has the meaning set forth in 5.1. “Tariff” means the intrastate and/or interstate tariffs that set forth the rules, regulations and rates for services on the Pipeline, including supplements thereto and reissues thereof, under which Product is transported through the Pipeline. “Tariff Rates” means the rates set forth in the Tariffs for transportation of Product on the Pipeline. “Term” has the meaning set forth in Section 2.2. “Unsubscribed Capacity” has the meaning set forth in Section 3.9.
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Prepaid Transportation Credits means credits generated by deficiency payments made by a Committed Shipper under its Throughput Agreement that may be applied as prepayment for transportation by such Committed Shipper. Proration Policy means this document, which is the official written description of the process by which Carrier will allocate Available Capacity when Nominations on any segment of the Pipeline exceed the Available Capacity.
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Related to Prepaid Transportation Credits

  • Transportation facility means any transit, railroad,

  • Transportation project means any project that the department is authorized by law to undertake including but not limited to a highway, tollway, bridge, mass transit, intelligent transportation system, traffic management, traveler information services, or any other project for transportation purposes.

  • Evaporative emissions means the hydrocarbon vapours lost from the fuel system of a motor vehicle other than those from exhaust emissions;

  • Air Transportation Business means the carriage by aircraft of persons or property as a common carrier for compensation or hire, or carriage of cargo or mail by aircraft, in air commerce, as defined in 49 U.S.C. § 40102, as amended.

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Seasonal high water table means the highest zone of soil or rock that is seasonally or permanently saturated by a perched or shallow water table. A planar surface, below which all pores in rock or soil (whether primary or secondary) that is seasonally or permanently saturated.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Additional Transportation Cost means the actual cost incurred for one-way Economy Transportation by Common Carrier reduced by the value of an unused travel ticket.

  • Transportation Costs means a component of the Charges, comprising those charges payable to the TNO and/or DNO for the use of their networks as applicable from time to time under the Industry Agreements including those charges more specifically referred to as “DUoS” and “TNUoS” and specified as “Included in the Unit Rate”, “Fixed” or “Pass-Through” in the Quotation Document or as otherwise notified to you as payable during the Supply Contract from time to time;

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Basic generation service or "BGS" means electric generation

  • Transportation network company driver or “driver” means an

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.