TARIFF RATES AND CHARGES Sample Clauses

TARIFF RATES AND CHARGES. A. Committed Rate. The “Committed Rate” is the rate per Barrel that Shipper agrees to pay for its Actual Shipments of Committed Volumes during the Term, as that rate may be changed from time to time during the Term in accordance with the provisions of this Agreement. The Committed Rate that Shipper agrees to pay as of the Commencement Date is set forth in Exhibit A attached hereto. The Committed Rate will be published in Monarch’s Tariff and shall at all times be less than the General Commodity Rate, except when Shipper makes a Priority Capacity Election, and at those times, only to the extent necessary to secure capacity in excess of the capacity to which Shipper is entitled by operation of the Proration policy in the absence of a Priority Capacity Election. The Committed Rate is not required to be cost-based to meet a statutory “just and reasonable” standard as long as the rate is set in a manner that is not unduly preferential or discriminatory.
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TARIFF RATES AND CHARGES. A. Tariff Rates and Charges. Shipper shall pay rates for all volumes of Product transported by Shipper on the Pipeline in accordance with the Tariff, which shall provide for the following:
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