Retention Volume definition

Retention Volume means an amount of Gas, expressed in a percentage of volume received by TSP from a Shipper at each Receipt Point(s), which TSP will retain, in addition to the Transportation Fees and other charges payable under this Statement of Operating Conditions and the Service Agreement. The Retention Volume will include any Fuel and LAUF and is reflected in Statement of Currently Effective Rates as the Retention Rate.

Retention Volume means the quantity of Gas retained by ETF for fuel and other unaccounted for volumes.

Retention Volume is defined in Section 9.2 of the Statement of Operating Conditions.

Examples of Retention Volume in a sentence

• Shipper will tender the Scheduled Quantity at the Receipt Point(s), and accept such Gas, less the Retention Volume, at the Delivery Point(s).

• All quantities of Gas received and delivered under any Confirmation will be expressed in terms of MMBtu, including, without limitation, calculation of payments, determination of imbalances, and determination of Retention Volume.

• Where the Regulated Project is within a Watershed Management Zone where infiltration is required, Permittees must use SCM designs that optimize infiltration of the entire Retention Volume to minimize the potential need for off-site mitigation.

• In addition to the Transportation Fees and other charges payable under this Statement of Operating Conditions, the Service Agreement or its applicable Confirmation, Transporter will retain the percentage designated in the applicable Confirmation of the quantity of Gas received by Transporter at each Receipt Point(s) to compensate Transporter for fuel and lost and unaccounted for gas (the "Retention Volume").

• Any variance or imbalance between the quantity of Gas delivered at the Delivery Point(s) and the quantity of Gas received at the Receipt Point(s) (less the Retention Volume) during a given Day (the "Daily Imbalance") will be recorded in a gas imbalance account, the cumulative balance of which shall be the "Cumulative Operational Imbalance".

• Complete Section VI instead of Section V to determine the amount of Retention Volume needed off-site only if the MS4 off-site mitigation program allows for meeting the MS4 permit requirements with stormwater retention BMPs. VI.

• If an employee must use his or her phone while operating a motorized vehicle or piece of mechanical equipment, conversations should be kept brief or the employee should stop and take the call.

• Any variance or imbalance between the quantity of Gas delivered at the Delivery Point(s) and the quantity of Gas received at the Receipt Point(s) (less the Retention Volume) during a given Day will be recorded in a gas imbalance account, the cumulative balance of which shall be the “Cumulative Operational Imbalance”.

• Any variance or imbalance between the quantity of Gas delivered at the Delivery Point(s) and the quantity of Gas received at the Receipt Point(s) (less the Retention Volume) during a given Day (the “Daily Imbalance”) will be recorded in a gas imbalance account, the cumulative balance of which shall be the “Cumulative Operational Imbalance”.

• During such an extended term, XTO shall only pay the Retention Volume on the gas so transported.

More Definitions of Retention Volume

Retention Volume. The term “Retention Volume” is defined in Section 8.1.

Retention Volume means the quantity of Gas deducted for fuel and other unaccounted for volumes by NSLEM from the quantity delivered to NSLEM at the Receipt Point.

Retention Volume means the quantity of Gas retained by Transporters for fuel and other unaccounted for volumes.