Allocated Volume definition

Allocated Volume means for any Month that volume of Pipeline System capacity allocated to a Shipper pursuant to Item 7.

Allocated Volume means an energy volume physically injected or withdrawn from the system and attributed to a balance responsible party, for the calculation of the imbalance of that balance responsible party;

Allocated Volume means the volume of Prorated Capacity allocated to a Shipper in accordance with Item 60 (Allocation of Prorated Capacity).

Examples of Allocated Volume in a sentence

• The resulting fraction is multiplied by the total Prorated Capacity available to Volume Discount Shippers to determine the Volume Discount Shipper’s Allocated Volume.

• The resulting fraction is multiplied by the total Prorated Capacity available to all remaining Regular Shippers during that month to determine the remaining Regular Shipper’s Allocated Volume.

• The resulting fraction is multiplied by the total Prorated Capacity available to remaining New Shippers to determine the New Shipper’s Allocated Volume.60.13 If a New Shipper’s calculated Allocated Volume exceeds the New Shipper’s Nomination for the month, the Allocated Volume will be reduced to match the New Shipper’s Nomination and the excess Allocated Volume will be allocated to the remaining New Shippers utilizing the same methodology described above for those remaining New Shippers only.

• Penalty When Pipeline System is in Allocation: 65.4 Under-Tender: If the volume of Ethylene Tendered by Shipper results in an Under-tender, the Shipper shall be invoiced for ninety-five percent (95%) of the Shipper’s Allocated Volume times the applicable Transportation Rate.

More Definitions of Allocated Volume

Allocated Volume means the volume of Mainline System capacity allocated to a Shipper pursuant to Rule 6.4.

Allocated Volume means the volume of Prorated Capacity allocated to a Shipper in accordance with Item 60.

Allocated Volume means that volume of Pipeline System capacity allocated to a Shipper for a Month pursuant to the Rules and Regulations.

Allocated Volume means that monthly volume of Pipeline System capacity allocated to a Shipper pursuant to Article 7.

Allocated Volume means that monthly volume of Mainline System capacity allocated to a Shipper pursuant to Rule 6.1.

Allocated Volume means an energy volume physically injected or withdrawn from the system and attributed to a BRP, for the calculation of the imbalance of that BRP.

Allocated Volume means for any Month, that monthly volume of Pipeline System capacity allocated to a Shipper pursuant to Article 7.