Priority Rates definition

Priority Rates means the rates identified as “Priority Rates” in Section II of this tariff.
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Priority Rates means the rates identified as the “Priority Rates” in Item 100.
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Priority Rates means the rates identified as “Priority Rates” in Section II of this tariff. “Priority Service” means that a tender of Crude Oil by a Priority Shipper for transport on the Gathering System not exceeding Shipper’s Maximum Daily Quantity and paying the Priority Rate for levels of applicable service on the Gathering System, shall be entitled to the highest level of service on the Gathering System and not be subject to prorationing to accommodate nominations of uncommitted volumes for transport on the Gathering System or nominations of volumes for transport on the Gathering System by Shippers who do not elect to pay (or are not eligible thereunder) the Priority Rate for such nominations. “Priority Shipper” means a Shipper with which Gatherer has executed a COGA for Priority Service on the Gathering System pursuant to the open season(s) held by Gatherer and such 4
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Examples of Priority Rates in a sentence

  • For example, all volumes delivered up to 10,000 BPD will be charged the Priority Rate of $0.750, and, if Shipper delivers an average of 35,000 BPD for the Month, the Priority Rates will be (i) $0.750 for the first 10,000 BPD, (ii) $0.650 for the second 10,000 BPD, (iii)$0.550 for the third 10,000 BPD, and (iv) $0.280 for the remaining 5,000 BPD.

Related to Priority Rates

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Priority habitat means a habitat type with unique or significant value to one or more species. An area classified and mapped as priority habitat must have one or more of the following attributes:

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board.