Quarterly Volume Commitment definition

Quarterly Volume Commitment means the product of the Daily Volume Commitment and the number of days in the applicable Quarter.
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Quarterly Volume Commitment means the product of the Committed Volume set forth on Exhibit 1of the CPTA, multiplied by the number of days in the Contract Quarter. For any partial Calendar Quarter at the beginning or end of the Term, the Volume Commitment shall be based on actual days in the concerned period.
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Quarterly Volume Commitment means the product of (i) the Volume Commitment and (ii) the number of days in the applicable Contract Quarter.
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Examples of Quarterly Volume Commitment in a sentence

  • If the Shipper does not meet their Quarterly Volume Commitment, Shipper will be obligated to remit a deficiency payment pursuant to the terms in the transportation service agreement.

  • Shipper must guarantee to transport the Quarterly Volume Commitment.

  • Carrier will cumulatively apply Shipper’s delivered volumes toward the Quarterly Volume Commitment eligibility threshold.

  • Should MPL proceed with butane service, Shipper will also have the opportunity to fulfill its Quarterly Volume Commitment on a calendar quarter basis for butane service, separate from condensate, natural gasoline, and diluent service.

  • Carrier shall assume for purposes of calculating the Compliance Costs Surcharge that Shipper has transported at least the Quarterly Volume Commitment in all prior periods and that every other shipper that has entered into a transportation services agreement with Carrier (if any) has transported at least its required volume on the Knight Warrior Pipeline, as set forth in that transportation services agreement.

  • All Product barrels moved by Shipper in excess of its Quarterly Volume Commitment will be attributed to Shipper’s movements on the Pipeline as a Regular Shipper, subject to the applicable Rules & Regulations of the Tariff.

  • In addition, you agree to indemnify, defend and hold harmless your Healthcare Professionals and Telehealthcare Provider(s) from and against any third party claims resulting from your lack of adherence with the advice or recommendation(s) of such Healthcare Professionals or Telehealthcare Provider, as the case may be.

  • At such time as MPL is capable of transporting volumes equal to the full applicable Quarterly Volume Commitment on the Pipeline, Shipper’s obligation to ship the full Quarterly Volume Commitment shall be restored.

  • If MPL is unable to transport due to a Force Majeure event or otherwise, then Shipper’s obligation to ship the applicable Quarterly Volume Commitment and pay the applicable Quarterly Deficiency Payment shall be reduced to the extent that MPL is prevented from shipping the full applicable Quarterly Volume Commitment.

  • This variation was mainly due to the entry into operation of energy transmission projects and higher activity of concession constructions (see detail in Table 1 attached to this report).


More Definitions of Quarterly Volume Commitment

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.
Sample 1
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.
Sample 1
Quarterly Volume Commitment is defined in Section 4.1 hereof.
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Related to Quarterly Volume Commitment

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Applicable Commitment Commission Percentage means (i) for each day on which the Aggregate Exposure is less than or equal to 50% of the Total Commitment, 0.375% and (ii) for each day on which the Aggregate Exposure exceeds 50% of the Total Commitment, 0.250%.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Service credit year means an accumulation of months of

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.