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 the volume of Petroleum Products Nominated by an Uncommitted Shipper.
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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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Examples of Uncommitted Volume in a sentence

  • Purchaser shall have the right to purchase at the applicable Quarterly Price any portion, not to exceed ***, of the Uncommitted Volume.

  • Hence, no Performance Fee will be payable in any given year as long as the Negative Bonus has not been fully recovered by subsequent Outperformance(s) over such Reference Period.However, a Performance Fee accrual may be made if the Adjusted NAV per Share has outperformed the Benchmark even if the Adjusted NAV per Share return is negative.

  • Purchaser and Seller shall meet quarterly each Harvest Year, on or before March 1, June 1, September 1 and December 1, to discuss the then-current Obligated Volume and any Uncommitted Volume.

  • 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.

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

  • Purchaser and Seller shall compute the Final Quarterly Price for such purchased Uncommitted Volume pursuant to, and shall remit any excess in accordance with, Section 4.2.

  • Sample calculations of the crediting of Uncommitted Volume Offset Availability to Shortfall Volumes and the crediting of Tolls are set forth in Schedule “K”.

  • Any incremental Committed Volume would pay the 25% premium and the use of any Uncommitted Volume would pay the highest toll.

  • For certainty, Uncommitted Volume Offset Availability that becomes available hereunder from time to time may not be used under any other Transportation Services Agreement to which Shipper is a party and is not transferrable to any other Person.

  • Seller shall make all of the Uncommitted Volume contained within each Primary Delivery Zone available to fulfill any such portion purchased by Purchaser, and shall deliver such portion in accordance with a delivery schedule that the parties shall mutually agree upon at the time of Purchaser’s election.


More Definitions of Uncommitted Volume

Uncommitted Volume means, for a Month:
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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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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 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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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 Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • 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.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • 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.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • 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.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • 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.

  • Committed Sum means, for any day, the maximum amount a Lender is committed on that day to lend to the Companies (or for their account) on a revolving credit basis pursuant to this Agreement, on its terms and subject to its conditions. From the Effective Date of this Agreement through the Termination Date or such other date (if any) when all or any of them is changed by operation of the provisions of any agreement or Legal Requirement, the Committed Sums for the Lenders are as set forth on Schedule LC, as it may be amended and restated from time to time.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • 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(b).

  • Purchase Commitment means a written commitment, in form and substance satisfactory to Lender, issued in favor of Borrower by an Investor under which that Investor commits to purchase Mortgage Loans or Mortgage-backed Securities.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Network Supply Point or "NSP" means any Point of Connection between:

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).