Equivalent Volume definition

Equivalent Volume means a volume of Shipper’s Oil equal to (x) the volume of Shipper’s Oil received by Gatherer at the Receipt Points, minus (y) Shipper’s proportionate share of Lost Oil.

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Equivalent Volume means, each Day, a volume of Crude Oil that is equivalent to the volume of Crude Oil delivered by Producer at the Receipt Point(s) on such Day, less a volume of Crude Oil equal to Producer’s Pipeline Loss Allowance.

Equivalent Volume. (Veq) means the actual storage volume of a hot water storage tank, in litres, with the same V40 as any storage facility capable of delivering heated drinking or sanitary water of at least 65°C after being appropriately charged, as set out in Annex III, 4, sub (e);

Examples of Equivalent Volume in a sentence

In the event that any Receipts Points in the Core Units are not connected to the Gathering System, Gatherer shall provide trucking services sufficient to transport all of Shipper’s Oil tendered by Shipper each Day at such Receipt Points and deliver an Equivalent Volume to the Delivery Points.
In the event that Gatherer is unable to re-deliver any such Equivalent Volume to the applicable US-DOCS\70393108.5 Delivery Point in the manner specified above, Gatherer shall credit or compensate Shipper, or cause Shipper to be credited or compensated, as applicable, for any difference in sales price proceeds received by Shipper as a result of any such change in API Gravity or degree of conformance with the Specifications.
Subject to Section 3.6, at any time that any Receipts Points associated with a Required Connection are not connected to the Gathering System or if Gatherer exercises its curtailment rights pursuant to Section 5.1, Gatherer shall provide trucking services sufficient to transport all of Shipper's Oil tendered by Shipper each Day at the applicable Receipt Points and deliver an Equivalent Volume to the Delivery Points.

More Definitions of Equivalent Volume

Equivalent Volume means the method used to calculate the area within a basement that counts towards GEFA. This methodology assists in the conversion of volume to area in order to produce the square metre equivalent for the purpose of calculating GEFA;

Equivalent Volume means the total amount of heads, blocks, and other aluminum component tons divided by the equivalence factor of 30 pounds;

Equivalent Volume. (Veq) means a representation of the volume of a hot water storage tank containing PCM material, in litres;