Throughput and Deficiency Agreement definition

Throughput and Deficiency Agreement means a written agreement by which Shipper has committed to tender for shipment by Carrier a minimum volume of Crude Petroleum during successive twelve- Accounting Month periods, failing which Shipper shall remit to Carrier a deficiency payment in respect of the shortfall.

Throughput and Deficiency Agreement means an effective agreement executed between Carrier and a Incentive Shipper, under which the Incentive Shipper commits to ship, or otherwise pay for, transportation of a minimum volume of Products for a specified period of time.

Throughput and Deficiency Agreement means an effective agreement executed between Carrier and a Shipper, under which the Shipper commits to ship, or otherwise pay for not shipping, a minimum volume of Products for a specified period of time.

Examples of Throughput and Deficiency Agreement in a sentence

• The contract tariff rate is available to all shippers signing a Throughput and Deficiency Agreement for the transportation of a minimum volume of 20,000,000 barrels during the Initial Term of seven years (“Contract Shipper 2”), and to any designated shipper of a Contract Shipper (“Designated Shipper 2”).

• In the Throughput and Deficiency Agreement, Shipper agrees to ship at least 8,400,000 barrels of Diluent along the Joint Tariff Route in every contract year, and agrees that if Shipper fails to do so in a given year it will be liable to Carrier in an amount equal to the incentive rate listed in Table 2 times the number of barrels Shipper is deficient, payable at the end of each contract year.

• Each Shipper who executes an Amended and Restated Purity Products Throughput and Deficiency Agreement with Carrier on or prior to July 31, 2020 containing an initial term of ten (10) years is referred to herein as a “Primary Committed Shipper” and shall be entitled to the rights and benefits of Carrier’s Volume Commitment Incentive Program which are granted to a Primary Committed Shipper as set forth in this Rule 21.

• The T&D Contract Rates shall apply to all Diluent volumes shipped by a Shipper that executes a Throughput and Deficiency Agreement with Carrier.

• Building on Colling’s and Mellahi’s (2009) strategic talent management framework, Mensah (2014) proposes a coalesced framework of talent management and employee performance which combines talent management concepts and employee performance to develop a conceptual framework.

• The Committed Rates are available to Committed Shippers that have executed a Throughput and Deficiency Agreement with Pipeline Operator and that have shipped the minimum volume threshold set forth therein.

• Contract Rate shall apply to all Shippers that execute a Throughput and Deficiency Agreement with the Carrier to ship a minimum annual volume of 3,650,000 barrels of Diluent from Hammond, Indiana to Gary (Black Oak Junction), Indiana each year within the Term.

• A Committed Shipper is defined as a shipper who executed Pipeline Throughput and Deficiency Agreement during the April 2012 Open Season.

• After discussion, the following action was taken: Motion: by Dr. Tejera to open rules for development, to move forward with proposed amendments to include update in 17.004 to his/her and to respond to JAPC with response prepared by board counselSecond: Dr. Miro Vote: Unanimous The Board found there was no economic impact, that no part of this rule or a violation of this rule should be designated as a minor violation, that this rule shall not include a sunset provision.

• Incentive Shipper A Shipper that is a party to a Throughput and Deficiency Agreement.

More Definitions of Throughput and Deficiency Agreement

Throughput and Deficiency Agreement means an effective Throughput and Deficiency Agreement executed between Carrier and an Incentive Shipper for the provision of service under this Tariff.

Throughput and Deficiency Agreement means an effective Throughput and Deficiency Agreement executed between the Carrier and a Shipper under which the Shipper commits to ship under this Tariff for a period of no less than 3 (three) years a minimum volume, or nonetheless pay for such volume,

Throughput and Deficiency Agreement means an effective agreement executed between Carrier and a Committed Shipper, under which the Committed Shipper commits to ship, or otherwise pay for, transportation of a minimum volume of Products for a specified period of time.

Throughput and Deficiency Agreement or “TDA” as herein used means an effective throughput and deficiency agreement, transportation services agreement, throughput agreement, transport agreement or equivalent agreement in each case executed by Carrier and a Shipper, pursuant to which a Committed Shipper commits to ship a certain volume of barrels on Carrier’s System each month or pay a deficiency payment to Carrier, and the Committed Shipper will receive priority service, deemed history or other prorationing rights that are preferential to those of a Regular Shipper (that is not a Committed Shipper) in a segment or segments of the system.

Throughput and Deficiency Agreement means an effective Throughput and Deficiency Agreement executed between the Carrier and a Shipper under which the Shipper commits to ship under this Tariff for a period of no less than 3 (three) years a minimum volume, or nonetheless pay for such volume,