Examples of Term Shipper in a sentence
To the extent that the final variable rate is less than (greater than) the estimated variable rate, the difference shall be refunded (charged) to the Term Shipper, as the case may be, in accordance with the Term Shipper's Contract.
If Shipper desires to change or modify all or a portion of the Firm Service under its Service Agreement (e.g. rates, Term, MDTQ, receipt and delivery points), then at least nine (9) months prior to the expiration of the Primary Term, Shipper shall have the right to notify Transporter in writing of its intent to renegotiate the Service Agreement.
In the event that a Term Shipper Tenders a volume of Petroleum less than its Monthly Volume, the Term Shipper shall pay to the Carrier on such differential, the sum of (a) the Burnaby Tank Metered Light Toll and (b) the Firm Service Fee.
During the Contract Term, Shipper may submit requests to subscribe to LNG Services from Terminal Operator in accordance with the LNG Access Code.
Subject to Article 11 and all applicable Laws, each Day during the Term, Shipper shall Tender to the Gathering System at each applicable Receipt Point all of the Dedicated Production available to Shipper at such Receipt Point.
Secondly, subject to Section 7.14, each Term Shipper shall be allocated all or a portion of its Monthly Nominations in respect of a temporary Alternate Delivery Point, up to a maximum level of its remaining Monthly Volume which was not allocated capacity pursuant to Section 7.2(i).
FIRM SERVICE FEE: The fee payable by a Term Shipper pursuant to its Contract as set forth in Schedule “A” ofsuch Contract.
Subject to Article 14 and all applicable Laws, each Day during the Term Shipper shall Tender to the Gathering System at each applicable Receipt Point all of the Dedicated Production available to Shipper at such Receipt Point up to the applicable capacity of such Receipt Point.
If there is not sufficient Available Capacity to accommodate such portion of the Monthly Nomination of each Term Shipper, then each Term Shipper shall receive its prorata share of Available Capacity based on the lesser of its: (A) remaining Monthly Volume; and (B) submitted or deemed Monthly Nominations to such Alternate Delivery Point, up to a maximum level of its remaining Monthly Volume.
If there is not sufficient Available Capacity to accommodate such portion of the Monthly Nomination of each Term Shipper, then each Term Shipper shall receive its prorata share of Available Capacity based on the lesser of its: (A) Monthly Volume; and (B) submitted or deemed Monthly Nominations to such Delivery Point up to a maximum level of its Monthly Volume.