Examples of Uncommitted Rate in a sentence
Additional volumes Tendered in excess of their volumes commitments and not offset by make-up volumes to Cushing will be charged the applicable Uncommitted Rate as specified in Footnote 1.
Volumes Tendered in excess of their volume commitment and offset by make-up volumes to Cushing will be charged the difference between the Uncommitted Rate to such Alternate Delivery Point and the uncommitted rate ceiling level to Cushing.
Term Shippers seeking a temporary Alternate Delivery Point at Port Arthur(10) or at Houston, will be charged the applicable committed rate to Cushing plus the difference between the Uncommitted Rate to such Alternate Delivery Point and the uncommitted rate ceiling level to Cushing, in accordance with Term Shipper’s contract.
An Uncommitted Shipper’s Uncommitted Rate will be based on the volume of Crude Petroleum it ships each month on the System, which shall then determine the volume tier applicable to such Uncommitted Shipper.
In order to qualify for the Uncommitted Rate based on an acreage dedication, an Uncommitted Shipper must have an effective dedication agreement with Carrier pursuant to which such Uncommitted Shipper has agreed to dedicate and deliver the Crude Petroleum produced from certain, specified dedicated acreage for transportation on Carrier’s System.