Examples of Priority Capacity in a sentence
Gatherer shall have the right to adjust all rates and fees set forth in this Agreement on an annual basis, including without limitation the Gathering Fee, the Priority Capacity Rate, the Unloading and Transportation Fee and the Treating Fee, each July 1 in accordance with FERC indexing methodology as described in 18 C.F.R. § 342.3, subject to the following qualifications.
Producer’s Priority Capacity Rights are as provided in Article 6.
In such event, Producer and any other third party whose Gas is delivered to the Processing Plant would be cut back on a pro rata basis based upon Priority Capacity Rights.
The Committed Rate will be published in Monarch’s Tariff and shall at all times be less than the General Commodity Rate, except when Shipper makes a Priority Capacity Election, and at those times, only to the extent necessary to secure capacity in excess of the capacity to which Shipper is entitled by operation of the Proration policy in the absence of a Priority Capacity Election.
The Gathering Fee, the Priority Capacity Rate and the Unloading and Transportation Fee shall never be lower than the rate agreed to in this Agreement.
If Shipper elects Priority Capacity under Section 4.8.3, Shipper shall pay Gatherer a fee of $2.11 per Barrel for all Shipper’s Crude Oil delivered to Gatherer at a CRP for transportation to the Delivery Point(s) on the Gathering System, and $1.01 per Barrel for all Shipper’s Crude Oil delivered to Gatherer at Gatherer’s truck Loading/Unloading Facilities at the Xxxxx Station or the Xxxxxxxx Station for transportation to the Delivery Point(s) (individually or together, the “Priority Capacity Rate”).
The Shipper Priority Capacity shall be **** MMBtu, as the same may be reduced pursuant to Article 3.5(b).