Committed Shipper definition

Committed Shipper means a Shipper that has contracted for transporting a Committed Volume or otherwise paying the applicable Shortfall Payment, pursuant to the terms of a TSA executed by the Shipper during the open commitment periods that commenced on October 3, 2011, January 4, 2012, and December 21, 2018.

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Committed Shipper means a Shipper that has committed to ship, or paying a deficiency payment for failure to ship, certain minimum volumes of Crude Petroleum pursuant to a TSA.

Committed Shipper means any Shipper with which Carrier has executed a COGA.

Examples of Committed Shipper in a sentence

Monarch will maintain ninety percent (90%) of the Prorationed Capacity for a Committed Shipper Priority Capacity Election program.
Subject to available capacity, Shipper shall have the right during each Month of the Term, but not the obligation, to ship Shipper’s Crude Oil in excess of Shipper’s Committed Volume (“Excess Volume”) at its Committed Shipper rate.
In exchange for Shipper’s Dedication, Shipper shall become a Committed Shipper and shall have a priority right to its Committed Volume at the Committed Rate.
In the event that the Prorationed Capacity is less than design capacity (as a result of, for example, Interruption and Curtailment or Force Majeure), the Priority Capacity available for each Committed Shipper will be allocated pro rata in accordance with each Committed Shipper’s respective Committed Volume.
Carrier will not support any modification to the applicable Rules and Regulations that would change Shipper’s rights as a Committed Shipper to transport up to the Daily Volume Commitment without proration if nominations by non-Committed Shippers exceed available capacity, except to the extent required by Applicable Law.

More Definitions of Committed Shipper

Committed Shipper means any Shipper that has committed to pay for the shipment of a specified volume of NGLs from one or more Selected Delivery Points pursuant to a TSA with Carrier on the Expansion.

Committed Shipper means any Shipper that has an effective TSA with Carrier.

Committed Shipper means a Shipper with which Carrier has executed a TGSA for Priority gathering and transportation service on the System pursuant to the Open Season(s) held by Carrier prior to the In-Service Date. Committed Shippers shall include both VC Shippers and Acreage Dedication Shippers.

Committed Shipper means a Shipper that has committed to ship, or pay a deficiency payment for failure to ship, certain minimum volumes of Crude Petroleum pursuant to a TSA on specified segments of the Pipeline, as provided in such Shipper’s TSA.

Committed Shipper means either a Dedicated Shipper or T&D Shipper, as distinguished by an Acreage Commitment (Dedicated Shipper) or BBL/Day Commitment (T&D Shipper). "Dedicated Shipper" means (i) a Shipper that has executed a Dedication and Transportation Agreement, or (ii) a Shipper that is nominating the receipt of Crude Petroleum from a Consignor that has executed (and which Crude Petroleum is dedicated under) such Consignor's Dedication and Transportation Agreement, but only as to such Crude Petroleum received from such Consignor (referred to as "Sold Crude Petroleum" - see Note 5). A "T&D Shipper" means a Shipper that has executed a Throughput and Deficiency Agreement.

Committed Shipper means a Shipper that has executed a throughput and deficiency agreement for the transportation of certain minimum volumes of Crude Petroleum for a minimum term of years from Mokena, IL to Blue Island, IL at the committed rate set forth herein.

Committed Shipper means a shipper which qualifies for the program described in Item Nos. 96 or 97 of this Tariff.