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.
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Throughput and Deficiency Agreement means an effective Throughput and Deficiency Agreement executed between the Carrier and an Incentive Shipper for the provision of service under this Tariff for a specified period of time.
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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.
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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 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.
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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,
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Throughput and Deficiency Agreement means an agreement between Shipper and Carrier to make a minimum volume commitment on a take or pay basis for an average of at least 25,000 BPD and a term of at least ten (10) years.
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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.
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Throughput and Deficiency Agreement means an effective agreement executed between Carrier and a Priority Shipper during the Open Season, under which the Priority Shipper commits to ship, or otherwise pay for, transportation of a minimum volume of Products for a specified period of time on the System.
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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.
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Related to Throughput and Deficiency Agreement

  • Subproject Agreement means any of the agreements referred to in Section 3.07 of this Agreement; and

  • Contract Amendment means a written document signed by the Procurement Officer that is issued for the purpose of making changes in the Contract.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures, contained in Annex 1A to the WTO Agreement;

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Offtake Agreement means any refining, smelting, brokering, sale, marketing and/or processing agreement entered into by the Owner or its Affiliates with respect to Minerals produced from the Property;

  • industrial agreement means an agreement registered by the Commission under this Act as an industrial agreement;

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Interim agreement means an agreement between a private entity and a responsible public entity that provides for phasing of the development or operation, or both, of a qualifying project. Such phases may include, but are not limited to, design, planning, engineering, environmental analysis and mitigation, financial and revenue analysis, or any other phase of the project that constitutes activity on any part of the qualifying project.

  • Retail charge agreement means an instrument prescribing the terms of a secured or unsecured retail installment transaction that may be made under the instrument from time to time and under the terms of which a time price differential is to be computed in relation to the buyer's unpaid balance from time to time.

  • Transportation Agreement means an agreement pursuant to the Tariff under which Transporter provides Transportation or other contract services to a Shipper.

  • Labor peace agreement means an agreement between an entity and a

  • EPC Agreement means the agreement between UAMPS and the EPC Contractor with respect to the engineering, procurement and construction of the Initial Facilities.

  • Construction Agreement as used in this subsection means an agreement between Seller and any contractor or subcontractor to install the System;

  • Permitted Lock-Up Agreement means an agreement between a Person and one or more holders of Voting Shares pursuant to which such holders (each a “Locked-Up Person”) agree to deposit or tender Voting Shares to a Take-Over Bid (the “Lock-Up Bid”) made or to be made by such Person or any of such Person’s Affiliates or Associates or any other Person with which such Person is acting jointly or in concert, provided that:

  • Water Agreement means an agreement entered into between the Water Corporation (established pursuant to section 4 of the Water Corporation Act 1995) and BHP Iron Ore Pty. Ltd. ACN 008 700 981 as agent for BHP Direct Reduced Iron Pty. Ltd. and the Mount Xxxxxx and Mount Goldsworthy Mining Associates Joint Venturers in a form approved by the Minister in relation to the supply of water for, inter alia, the Joint Venturers’ water requirements for the purposes of this Agreement at Port Hedland;