T&D Obligation definition

T&D Obligation means the total transportation revenue, including revenue from Barrels shipped under Carrier’s FERC tariff No.1.0.0, measured in dollars that an Incentive Shipper has agreed to pay on a Monthly basis for transportation service under this tariff and pursuant to a TSA.
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T&D Obligation means the volume of Natural Gas Liquids (measured in Barrels) that an Incentive Shipper has agreed to tender each Day for transportation service under this tariff and pursuant to a TSA.
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T&D Obligation means the volume of NGLs that a Contract Shipper has agreed to tendereach day for transportation service on Carrier’s pipeline pursuant to a TSA.
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Examples of T&D Obligation in a sentence

  • Each Incentive Shipper will be allocated capacity equal to the lesser of its T&D Obligation or its nominated volume for the Month (the “Incentive Nomination Limit”).

  • Capacity will initially be divided among Incentive Shippers as a class, TSA Shippers as a class, Regular Shippers as a class, and New Shippers as a class; thereafter capacity will be divided among the various Shippers comprising each such class in accordance with the provisions of paragraphs 2.3 through2.6. A Contract Shipper that nominates more than its T&D Obligation will be allocated capacity as both a Contract Shipper and as a Regular Shipper.

  • During the last five (5) Contact Years the amount payable by Shipper for the Service shall equal the Incentive Rate times the volume of Natural Gas Liquids actually tendered by Incentive Shipper at a Receipt Point during a Month; provided that, transportation service as to Natural Gas Liquids tendered in excess of the T&D Obligation times the number of Days in such Month shall be charged the Base Transportation Rate.

  • AMP Administration, as further described in the T&D Obligation provisions (Section 4 of the final rule), includes specific program design features, customer eligibility certification, benefit determination, coordination with EMT and other administrative duties necessary to carry out the intent of the Act.

  • The tender of Natural Gas Liquids to Carrier by a TSA Shipper that does not exceed such TSA Shipper’s T&D Obligation shall not be subject to prorationing except (i) as required to give effect to the nominations of Incentive Shippers under Item No. 100 above or (ii) when an event of Force Majeure limits pipeline capacity to less than the aggregate T&D obligations of all Incentive Shippers and TSA Shippers.

  • A tender of Natural Gas Liquids to Carrier by an Incentive Shipper that does not exceed such Incentive Shipper’s T&D Obligation shall not be subject to prorationing pursuant to Carrier’s Proration Policy except when an event of Force Majeure triggers the applicable of Section 6 below.

  • The rate/Barrel payable by Incentive Shipper for the transportation of any Natural Gas Liquids on Carrier in excess of Incentive Shipper’s T&D Obligation shall be the Base Transportation Rate.

Related to T&D Obligation

  • Excluded Swap Obligation means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an ECP at the time the Guarantee of such Guarantor or the grant of such security interest becomes or would become effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.

  • Swap Obligation means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.

  • Relevant Obligation means an obligation under this contract in respect of which a Force Majeure Event has occurred and the Affected Party has claimed relief under this Clause 17.