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

  • Volume Incentive Rate: [C]TARIFF - Any Shipper that ships 25,000 barrels per day from State Line Station to Centurion Pipeline L.P., the Rio Midland Delivery Facility or Plains Pipeline, L.P. Midland South Terminal in a given month will be eligible to ship up to 25,000 barrels per day incremental to the initial 25,000 barrels per day at a rate of 70.80 cents per barrel.

  • 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).

  • Cochin states that the initial rates for Committed Shippers will be a Committed Joint Rate of $4.95 per barrel (USD) applicable to each Committed Shipper’s committed volumes, and a Volume Incentive Rate of $4.50 per barrel (USD), adjusted annually so that it is equal to $0.45 per barrel less than the Committed Joint Rate.14 The Volume Incentive Rate will apply to Committed Shippers that committed during the Open Season to ship the maximum committed volume of 36,000 bpd per calendar year.

  • Any barrels moved by a Committed Shipper at the Volume Incentive Rate will in no way count towards fulfilling their Committed Volume requirement.

  • The Volume Incentive Rate would apply only to uncommitted shipments delivered by Committed Shipperswho committed during the open season to ship the Maximum Committed Volume, which was initially set at 50,000 bpd.

  • Reference Table 7 for Volume Incentive Rate Program For Diluent.[C] TABLE 7: VOLUME INCENTIVE RATE ONDILUENTIN CENTS PER BARREL OF 42 UNITED STATES GALLONS [C] Incentive tariff is cancelled.

  • For Committed Shippers, the Volume Incentive Rate shall only apply to volumes above their Committed Volume, which includes the current month plus any prior deficiencies in the current Minimum Volume Period.

  • Under KM Cochin’s proposal, service on the pipeline would be provided to Committed Shippers pursuant to either an international joint toll (Committed Joint Rate) or an incentive toll (Volume Incentive Rate).

  • Note 1: The Volume Incentive Rate will apply to all Barrels of Crude Petroleum tendered to Carrier for this movement once shippers have, in total, tendered 282,853 Barrels, to Carrier for this movement.

  • Treatment of Volume Incentive Rate Discounts Limited availability rate discounts to stimulate volume growth have been approved in previous dockets, but until now, the Postal Service has not requested credit for what it views as a price decrease.

Related to Volume Incentive Rate

  • Effective Rate shall have the meaning given to such term in Section 2.7(e).

  • 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.

  • Fed Funds Effective Rate means, in respect of a day, the rate of interest (expressed as an annual rate) as published in Federal Reserve Statistical Release H.15 (519) or Reuters Screen FEDFUNDS 1 Page or Bloomberg Page FEDL01 INDEX or any substituted publication therefor, charged for federal funds (dollars in immediately available funds borrowed by banks on an overnight unsecured basis) on that day or the immediately preceding day for which it had a value, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate.

  • Average Rate means the simple arithmetic mean of the bank rates in effect at 4:00 p.m. Eastern Standard Time each day during the calendar month which immediately precedes the calendar month in which payment is made, where the "bank rate" means the rate of interest established from time to time by the Bank of Canada as the minimum rate at which the Bank of Canada makes short term advances to members of the Canadian Payments Association;

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • 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.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.

  • Annual Revenue Rate means the rate employed to assess a compliance penalty charge on a Curtailment Service Provider under Tariff, Attachment DD, section 11.

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following: (1) for any day, the per annum rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal to one (1) month appearing on Page BBAM of the Bloomberg Financial Markets Information Service as of 8:00 a.m. (California time) (or as soon thereafter as practical) on such day, or if such day is not a Business Day, on the immediately preceding Business Day. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial Markets Information Service (or otherwise on such Service) on any day, the “Daily Adjusting LIBOR Rate” for such day shall be determined by reference to such other publicly available service for displaying eurodollar rates as may be reasonably selected by Bank, or in the absence of such other service, the “Daily Adjusting LIBOR Rate” for such day shall, instead, be determined based upon the average of the rates at which Bank is offered dollar deposits at or about 8:00 a.m. (California time) (or as soon thereafter as practical), on such day, or if such day is not a Business Day, on the immediately preceding Business Day, in the interbank eurodollar market in an amount comparable to the outstanding principal amount of the Obligations and for a period equal to one (1) month; divided by (2) 1. 00 minus the maximum rate (expressed as a decimal) on such day at which Bank is required to maintain reserves on “Euro-currency Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Bank is required to maintain reserves against a category of liabilities which includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such category.

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • Adjusted EURIBO Rate means with respect to any Term Benchmark Borrowing denominated in Euro for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1.00%) equal to the product of (a) the EURIBO Rate for Euros for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided, that, if the Adjusted EURIBO Rate shall be less than zero (0.00%), such rate shall be deemed to be zero (0.00%) for purposes of this Agreement.

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

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Expense Rate As to each Mortgage Loan, the sum of the Master Servicing Fee Rate and the Trustee Fee Rate.

  • Adjusted Prime Rate A rate per annum equal to the sum of (a) the Prime Rate Margin and (b) the greater of (i) the Prime Rate or (ii) one percent (1%) in excess of the Federal Funds Effective Rate. Any change in the Adjusted Prime Rate shall be effective immediately from and after such change in the Adjusted Prime Rate.

  • 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.

  • Lease Rate means for each 2016-1 Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.