Aggregate Committed Volumes definition

Aggregate Committed Volumes means, collectively, the aggregate of Committed Volumes, measured in barrels per day, of all Committed Shippers, pursuant to TSAs executed between such shippers and Carrier.

Aggregate Committed Volumes means, collectively, the aggregate volume of commitments (including the Committed Volume), measured in bpd, by all Committed Shippers, pursuant to TSAs executed between such shippers and Carrier, as such volume commitments may be modified in accordance with the Open Season Terms.

Examples of Aggregate Committed Volumes in a sentence

• Subject to Rule 17 (d) and (e), Carrier shall allocate Available Monthly Capacity to transport Crude Petroleum in the following order of priority: Committed Volumes, excluding Make-Up Volumes, to the level of Aggregate Committed Volumes; Committed Shippers’ Make-up Volumes to the extent there is Unused Committed Capacity; Uncommitted Volumes; and Make-up Volumes in excess of Unused Committed Capacity.

• Carrier shall also use commercially reasonable efforts to establish and maintain sufficient capacity on the Enbridge Mainline, as required, to deliver the Aggregate Committed Volumes to the Interconnection Point in addition to other existing and forecast volumes to be transported on the Enbridge Mainline to other delivery points.

• Shipper agrees that in the event that nominations by Shipper and all other Committed Shippers in any Month to the Pipeline total less than the Aggregate Committed Volumes, Carrier shall be entitled to use the unutilized capacity of the Pipeline for volumes nominated by other shippers without any reduction in the Monthly Deficiency Payment payable by Shipper.