Volume Incentive Rate definition

Volume Incentive Rate means the applicable rate identified as the “Volume Incentive Rate” in the then-effective Rates Tariff. COMMODITY DESCRIPTION AND MEASUREMENT RULE 21 – COMMODITY Carrier is engaged in the transportation of Crude Petroleum and will not accept any other commodity for transportation, except as provided herein. RULE 22 – CRUDE PETROLEUM QUALITY SPECIFICATIONS AND RESTRICTIONS Crude Petroleum shall be accepted for transportation only when such Crude Petroleum meets the following quality specifications. These specifications shall apply to each Barrel of a Shipper’s Nomination and not be limited to the composite sample of the Nomination:
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Volume Incentive Rate means the applicable rate identified as the “Volume Incentive Rate” in the then-effective Rates Tariff.
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Examples of Volume Incentive Rate in a sentence

  • The Volume Incentive Rate expires at the end of the Term unless amended, extended or previously canceled.(C) Hammond Destinations include Buckeye Chicago Complex, ExxonMobil Hammond Terminal, Citgo E.

  • For clarity, the Volume Incentive Rate will be calculated monthly as follows for each Committed Contract Volume Tier: Calendar month average of the MEH differential as posted on Argus minus the discount factor of forty cents ($0.40); if calculation is less than the Floor Rate, shipper will pay the Floor Rate; if calculation exceeds the Floor Rate, shipper will pa y the Floor Rate plus 50% of the positive difference of the MEH calculated price less the Floor Rate (not to exceed the Ceiling Rate).

  • The Parties agree that performance awards are a valuable tool toward building morale.

  • Shipments that apply to the above described Volume Incentive Rate program may not include petroleum products that are acquired from a third party prior to movement on Carrier and subsequently reacquired by the same third party after movement on Carrier where such actions are taken for the primary purpose of gaining eligibility for the Volume Incentive Rate described in Table 4 above.

  • Shipments that apply to the above described Volume Incentive Rate program may not include petroleum products that are acquired from a third party prior to movement on Carrier and subsequently reacquired by the same third party after movement on Carrier where such actions are taken for the primary purpose of gaining eligibility for the Volume Incentive Rate described in Table 3 above.

  • The Volume Incentive Rate expires at the end of the Term unless amended, extended or previously canceled.

  • See Table 3 for Volume Incentive Rate applicable to Ultra Low Sulfur On-Road Diesel shipments.

  • See Table 4 for Volume Incentive Rate applicable to On-Road Ultra Low Sulfur Diesel shipments and see Table 5 for Volume Incentive Rate applicable to Reformulated Gasoline blend stock for Oxygenate Blending (RBOB) shipments.

  • Shipments that apply to the above described Volume Incentive Rate program may not include diluent that is acquired from a third party prior to movement on Carrier and subsequently reacquired by the same third party after movement on Carrier where such actions are taken for the primary purpose of gaining eligibility for the Volume Incentive Rate described in (this) Table 7.The Volume Incentive Rate expires at the end of the Term unless amended, extended or previously canceled.

  • For clarity, the Volume Incentive Rate will be calculated monthly as follows for each Committed Contract Volume Tier: Calendar month average of the MEH differential as posted on Argus minus the discount factor of forty cents ($0.40); if calculation is less than the Floor Rate, shipper will pay the Floor Rate; if calculation exceeds the Floor Rate, shipper will pay the Floor Rate plus 50% of the positive difference of the MEH calculated price less the Floor Rate (not to exceed the Ceiling Rate).

Related to Volume Incentive Rate

  • Alternative Rate means an alternative benchmark or screen rate which the Independent Adviser determines in accordance with Condition 5(j)(ii) is customarily applied in international debt capital markets transactions for the purposes of determining rates of interest (or the relevant component part thereof) in the same Specified Currency as the Notes.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • NYFRB Rate means the rate for a federal funds transaction quoted at 11:00 a.m. on such day received to the Administrative Agent from a Federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

  • Adjusted Base Rate means the Base Rate plus the Applicable Percentage.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Base Rate means, for any day, the rate per annum equal to the higher of (a) the Federal Funds Rate for such day plus one-half of one percent (0.5%) and (b) the Prime Rate for such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be effective on the effective date of such change in the Prime Rate or Federal Funds Rate.

  • Reference Rate Determination Date means, in relation to any Reference Rate Business Day(i):

  • Annual Percentage Rate or “APR” of a Receivable means the annual rate of finance charges stated in such Receivable.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Adjusted Eurodollar Rate means for any Interest Period with respect to any Eurodollar Loan, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to (a) the Eurodollar Rate for such Interest Period multiplied by (b) the Statutory Reserves.

  • Reference Rate means the rate specified as such hereon.

  • Applicable LIBOR Rate means, (a) for Auction Periods of 35 days or less, One-Month LIBOR, (b) for Auction Periods of more than 35 days but less than 91 days, Three-Month LIBOR, (c) for Auction Periods of more than 90 days but less than 181 days, Six-Month LIBOR, and (d) for Auction Periods of more than 180 days, One-Year LIBOR.

  • Wage Rate refers to an Employee’s hourly rate of pay reflected by the pay grade of her position and her step within that grade, as set out in the Wage Rate grid in Appendix II.