Deficiency Payment definition

Deficiency Payment has the meaning set forth in Section 9(a).
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Deficiency Payment means the payment due by a VC Shipper to Carrier, in accordance with VC Shipper’s TGSA, for such Committed Shipper’s Monthly Deficient Barrels.
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Deficiency Payment shall have the meaning specified in Section 5.01(e) hereof.
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Examples of Deficiency Payment in a sentence

  • Any termination of this by MPLCO under the provisions of this paragraph shall not relieve SHIPPER of the obligation to make accrued Deficiency Payments hereunder; provided, however, that SHIPPER shall be relieved from all subsequent Deficiency Payment obligations on and after the date that operation of the MPLCO Pipeline is discontinued.

  • MPLCO shall include information with the billing statement sufficient to calculate the Deficiency Payment described above.

  • Examples of Deficiency Payment calculations are shown in Attachment A “DeficiencyPayment”= Deficiency Quantity x $0.565 per barrel At the end of each Month during the term of this Agreement, any Deficiency Payment owed by ▇▇▇▇▇▇▇ will be included as an addition to standard transportation charges billed by MPLCO, with payment to be made pursuant to the terms of FERC Tariff No. .


More Definitions of Deficiency Payment

Deficiency Payment means payments to be made by a Committed Shipper as determined in accordance with Article 7 of the TSA.
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Deficiency Payment means the payment due by a VC Shipper or Committed Shipper to Carrier, in accordance with the Shipper's Transportation Services Agreement, for such Shipper's Monthly Deficient Barrels.
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Deficiency Payment means the sum payable by member organizations to the Fund in accordance with article 26 (a) of the Regulations of the Fund;
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Deficiency Payment means payments to be made by a Committed Shipper as determined in accordance with a TSA.
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Deficiency Payment means a payment to be made by a Volume Commitment Shipper, as determined in accordance with a Volume Commitment TSA.
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Deficiency Payment means the payment due by a Committed Shipper, in accordance with the Committed Shipper’s TSA, for such Committed Shipper’s Monthly Deficient Barrels.
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Deficiency Payment as used herein, means a payment due by a Committed Shipper to Carrier, in accordance with the Committed Shipper’s T&D.
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