Volume Commitment definition

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

Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

Volume Commitment as herein used means, with respect to a Committed Shipper, the daily volume commitment of Crude Petroleum set forth in such Committed Shipper’s TSA.

Examples of Volume Commitment in a sentence

• The terms of the Agreement (excluding the Volume Commitment) will continue to apply during any service-specific commitments that extend beyond the Volume Commitment Period.

• Annual Volume Commitment (“AVC”): $0.00 in Total Service Charges (“AVC”) during each contract year of the Term.

• Any remaining System Capacity not allocated through the application of Items 7(C) or 7(D) shall be allocated first, pro rata, among all Committed Shippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• Customer agrees to pay all usage based billing along with any monthly recurring charges (“MRCs”), Non Recurring Charges (“NRCs”) and Monthly Volume Commitment (“MVC”) set forth in each SO (collectively, “Service Charges”).

• Annual Volume Commitment (“AVC”): $120,000.00 in Total Service Charges (“AVC”) during each contract year of the Term.

More Definitions of Volume Commitment

Volume Commitment means the daily volume of Barrels of Crude Petroleum a VC Shipper has agreed to ship, or make a Deficiency Payment for, on Carrier’s System during the term of the TGSA and as set forth in such TGSA.

Volume Commitment means the volume of Products that a Committed Shipper agreed to ship on Carrier’s System each day during the term of the Committed Shipper’s TSA, as specified in Exhibit A to the Committed Shipper’s TSA.

Volume Commitment means the Daily volume of Barrels of Product a VC Shipper or Committed Shipper has agreed to ship, or make a Deficiency Payment for, on Carrier's System during the term of its Transportation Services Agreement.

Volume Commitment means, in relation to each Contract Year, the amount as set out on the Cover Sheet.

Volume Commitment means the daily volume of Barrels of Product a VC Shipper has agreed to ship, or otherwise make a Deficiency Payment for, on Carrier’s System during the term of its TSA and as set forth in such TSA.

Volume Commitment means the volume of Crude Oil that a Committed Shipper agrees to ship on the System each day during the term of the TSA, as such amount is set forth in each Committed Shipper’s TSA.

Volume Commitment means the daily volume of Barrels of Crude Oil a VC Shipper has agreed to ship, or make a Deficiency Payment for, on Carrier’s System during the term of the GSA and as set forth in such GSA.