Examples of TD Agreement in a sentence
Term and Rates: Each Shipper who executes a T&D Agreement with Carrier for an Initial T&D Term of five (5) or ten (10) years with a Daily Volume Commitment of at least eleven thousand two hundred fifty (11,250) BPD is referred to herein as a Volume Incentive Shipper and shall be entitled to the rights and benefits of Carrier’s Volume Commitment Incentive Program set forth in this Rule 22 and the Committed Rates set forth in the Carrier’s Rates Tariff.
If the Shipper has not entered into a T&D Agreement or TSA, Carrier and Shipper shall each have the right to pursue claims against the other in a court of competent jurisdiction.(F) Carrier shall have the right to withhold an amount of Product belonging to Shipper from delivery that would be sufficient to cover all unpaid charges due to Carrier from Shipper until all such unpaid charges have been paid.
The Initial T&D Term together with any extension under the terms of the T&D Agreement, as applicable, may collectively be referred to as the “T&D Term”.
Deficiency Payment obligations for Secondary Committed Shippers (including the calculation of such Deficiency Payments) are governed by the applicable Secondary Committed Shipper’s T&D Agreement.
The first adjustment will occur on the first anniversary of the Commencement Date, as described in the T&D Agreement.
If a Committed Shipper assigns its rights and obligations, or a portion of the assets of Committed Shipper relating to its T&D Agreement or TSA, the Assignee Shipper shall assume all of the corresponding rights and obligations of a Committed Shipper with respect to such assigned rights and obligations or assets as provided in this Rule 21 and elsewhere in these Rules and Regulations.
Should service under a T&D Agreement commence on a Day that is not the first Day of a Month or should the Term end of a Day other than the last Day of a Month, the Actual Monthly Deficiency Volume, if any, shall be proportionately adjusted.
Assignment of Committed Shipper Capacity: A Committed Shipper may assign its rights and obligations under a TSA or T&D Agreement to a third party (an “Assignee Shipper”) assuming required Carrier consent, if any, is obtained.
Prior to the Pipeline being Complete (as defined in the T&D Agreement), the rate to this point for Primary Committed Shipper will be [U] $0.005/Gallon.
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