Common use of Loss of Available Capacity Clause in Contracts

Loss of Available Capacity. If, for any reason (other than outages caused by Carrier’s planned maintenance), the average daily capacity of the Pipeline during a given Calendar Quarter is less than the Company’s Minimum Quarterly Transportation Commitment for such Calendar Quarter, or if the capacity of the Pipeline is required to be allocated among shippers with the result that the average daily capacity of the Pipeline available to Company during a given Calendar Quarter is less than the Company’s Minimum Quarterly Transportation Commitment for such Calendar Quarter, then Company’s Minimum Quarterly Transportation Commitment for the applicable Calendar Quarter shall be reduced to equal the average daily capacity available to Company during such Calendar Quarter.

Appears in 4 contracts

Samples: Transportation Services Agreement (Phillips 66 Partners Lp), Transportation Services Agreement (Phillips 66 Partners Lp), Transportation Services Agreement (Phillips 66 Partners Lp)

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