Common use of Excess Volume Clause in Contracts

Excess Volume. In any Month that ▇▇▇▇▇▇▇’s Allocated Volume exceeds its Monthly Volume in accordance with the Tariff, not including any Make-Up Volumes pursuant to ARTICLE 8 (such excess volume being the “Excess Volume”), Shipper shall pay to Carrier on the Payment Due Date an amount equal to the product obtained by multiplying the Uncommitted Toll by the Excess Volume.

Appears in 2 contracts

Sources: Petroleum Transportation Service Agreement, Petroleum Transportation Service Agreement