Deemed Volume Commitment definition

Deemed Volume Commitment means the amount of Priority capacity that an Acreage Dedication Shipper shall be entitled to receive, on a Barrel-per-day basis, during the term of such Acreage Dedication Shipper’s TGSA.

Deemed Volume Commitment means, for purposes of administering Carrier’s prorationing policy in this tariff and determining the Committed Rates applicable to a Committed Shipper, the amount of Priority capacity (expressed in Barrels per day) that a Committed Shipper shall be entitled to receive on the System during the term of such Committed Shipper’s COGA.

Deemed Volume Commitment means the volume of Product, if any, set forth in Exhibit B of a Committed Shipper’s COGA that a Committed Shipper will be deemed to have shipped during each month of such Committed Shippers COGA.

Examples of Deemed Volume Commitment in a sentence

• For purposes of clarity, a Committed Shipper’s proportionate share of Line Fill shall be the percentage equal to Committed Shipper’s Volume Commitment or Deemed Volume Commitment, as applicable, divided by ninety percent (90%) of the total System Capacity at such time.

• Except as provided in Item 7(C)(2), Carrier shall allocate each Committed Shipper an amount of System Capacity equal to the lesser of the Committed Shipper’s Nomination for the Proration Month or its Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• Any remaining System Capacity not allocated through the application of Items 7(C) or 7(D) shall be allocated first, pro rata, among all Committed Shippers having remaining unmet Nominations according to the level of each Committed Shipper’s Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable.

• If a Committed Shipper Nominates volumes in excess of its Monthly Volume Commitment or Monthly Deemed Volume Commitment, as applicable, then the excess incremental volumes shall be subject to prorationing under Item 7(E) below.

More Definitions of Deemed Volume Commitment

Deemed Volume Commitment means, for purposes of administering Carrier’s prorationing policy in this tariff and determining the Committed Rates applicable to an Acreage Dedication Shipper, the amount of Priority capacity (expressed in Barrels per day) that an Acreage Dedication Shipper shall be entitled to receive on the System during the term of such Acreage Dedication Shipper’s TSA.

Deemed Volume Commitment means the amount of capacity that an Acreage Dedication Shipper or a Plant Dedication Shipper shall be entitled to receive, on a Barrel-per-Day basis, during the term of such Acreage Dedication Shipper's or Plant Dedication Shipper's Transportation Services Agreement.

Deemed Volume Commitment means, for purposes of administering Carrier’s proration policy under this tariff, the amount of Priority capacity (expressed in Barrels per day) that an Acreage

Deemed Volume Commitment means, for purposes of administering Carrier’s proration policy under this tariff, the amount of Priority capacity (expressed in Barrels per day) that an Acreage Dedication Shipper shall be entitled to receive on the System during the term of such Acreage Dedication Shipper’s GSA.

Deemed Volume Commitment means the amount of capacity that a Priority Shipper shall be entitled to receive, on a Barrel-per-Day basis, during the term of such Priority Shipper’s Transportation Services Agreement.

Deemed Volume Commitment shall have the meaning given to such term in the Tariff.

Deemed Volume Commitment means, for purpose of administering these Expansion Capacity Prorationing Procedures, the amount of Priority Capacity (expressed in Barrels per Month) that a Committed Shipper shall be entitled to receive during each Month of the Term of the TSA executed between Carrier and Committed Shipper.