Uncommitted Volume definition

Uncommitted Volume means the throughput volume of Crude Petroleum that is not or is in excess of throughput volume committed under a CPTA.
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Uncommitted Volume means: (i) a volume of Crude Oil expressed in Barrels scheduled for transportation on the Oil Pipeline (other than on Direct Ownership Capacity) for an Uncommitted Shipper; and (ii) a volume of Crude Oil expressed in Barrels scheduled for transportation on the Oil Pipeline (other than on Direct Ownership Capacity) for a Term Shipper (including Shipper) for a Month that is in excess of the product of such Term Shipper's Committed Volume and the number of days in the Month. Notwithstanding the foregoing, an “Uncommitted Volume” does not include a Pre-Delivery Volume, Carry Forward Volume, Make-Up Volume or Force Majeure Volume;
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Uncommitted Volume means the sum of (1) volumes of Crude Petroleum received by Carrier for transportation on Line 9 for any shipper that is not a Committed Shipper and (2) volumes of Crude Petroleum received by Carrier for transportation for a Committed Shipper in a Month that are in excess of the product of such Committed Shipper’s Committed Volume (excluding Make- Up Volumes) [and the number of days in the Month.][ wording doesn’t quite work- think it should say something like sum or 1 and 2 for each day in the Month]
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Examples of Uncommitted Volume in a sentence

  • In such Month, Carrier will apportion the Services such that the aggregate Uncommitted Volume is equal to the Uncommitted Capacity.

  • The premium associated with the Uncommitted Volume reflects the lack of a long term take or pay commitment.

  • In such Month, Carrier will apportion the Services such that the aggregate Uncommitted Volume is equal to the Excess Capacity.

  • Carrier will provide tankage at the Interconnection Point for the purpose of aggregation, sequencing and/or staging of batches for operational purposes but will provide no other terminalling or tankage facilities at the Uncommitted Volume Receipt Point, the Interconnection Point, the Delivery Points or any intermediate interconnection point as part of the Services.

  • One Hundred Percent (100 %) of the Monthly Net Excess Revenue resulting from the transportation of Uncommitted Volume “A”, which is derived by subtracting the total Committed and Make-Up Volumesfrom the lesser of 180,000 barrels per day and actual volumes shipped during a Month, will be to the account of Committed Shippers.

  • Subject to the terms of this Agreement, and in consideration for Carrier providing Transportation Service for Committed Volumes, each Committed Shipper will, throughout the Term, pay to Carrier in accordance with the Rules, the applicable Toll, as hereinafter defined, in respect of its entire Committed Volume and Uncommitted Volume, if any, and such other amounts as it may be required to pay to Carrier pursuant to this Agreement.

  • In periods of apportionment, all Uncommitted Volume nominations which are apportioned, shall have the Non-Performance Penalty applied to that portion of shortfall in receipts by a Shipper that exceeds five (5) percent of that Shipper’s apportioned volume.

  • Divine law identified Yahweh as the Creator of the heavens and earth, the Promise-Giver, the Land-Giver, and the Exodus-Causer.

  • In periods of apportionment, all Uncommitted Volume Nominations which are apportioned, shall have the Non-Performance Penalty applied to that portion of shortfall in receipts by a Shipper that exceeds five (5) percent of that Shipper’s apportioned volume.

  • The Monthly Net Excess Revenue resulting from the transportation of Uncommitted Volume “B”, which is derived by subtracting Uncommitted Volume “A” from the total of all Uncommitted Volumes shipped during a Month, will be shared with Committed Shippers, such that Carrier retains fifty percent (50%) of the Monthly Net Excess Revenue and distributes the remainder to Committed Shippers.


More Definitions of Uncommitted Volume

Uncommitted Volume means any Product that Seller elects to harvest from the Property during a Harvest Year in excess of the Annual Harvest Volume set forth in the Annual Plan for such Harvest Year.
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Uncommitted Volume means any Product that Seller elects to harvest from the Property during a Harvest Year in excess of the Annual Harvest Volume for such Product set forth in the Annual Plan for such Harvest Year.
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Uncommitted Volume means, for a Month:
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Related to Uncommitted Volume

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • Uncommitted Shipper means a Shipper that is not a Committed Shipper.

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Service Volume means a measure of Services for which a Performance Target is set;

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Committed Shipper means a Shipper that has contracted for transporting a Committed Volume or otherwise paying the applicable Shortfall Payment, pursuant to the terms of a TSA executed by the Shipper during the open commitment periods that commenced on October 3, 2011, January 4, 2012, and December 21, 2018.

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Scheduled Unavailability Date has the meaning specified in Section 3.03(c).