Incremental Barrels definition

Incremental Barrels means any portion of a Committed Shipper’s Nomination (or Tender) that exceeds the Committed Shipper’s Monthly Volume Commitment.
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Incremental Barrels means the Barrels of Product that a Committed Shipper nominates and tenders for shipment on the Pipeline in a Month that exceed the Committed Shipper’s Monthly Volume Commitment.
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Incremental Barrels means any portion of a Committed Shipper’s Nomination (or Tender) thatexceeds the Committed Shipper’s Monthly Volume Commitment.
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Examples of Incremental Barrels in a sentence

  • If Carrier determines, in its sole discretion, that would occur as a result of such an allocation, Carrier shall instead allocate the Incremental Capacity available on Carrier’s System for the Proration Month among all Committed Shippers that submitted a Nomination for Incremental Barrels in the Proration Month, with such allocation being done on a pro rata basis according to the level of each Committed Shipper’s Volume Commitment.

  • It further provides that if a Committed Shipper makes an Annual Deficiency Payment to Carrier, the Committed Shipper shall have the right to use such Annual Deficiency Payment as a credit against transportation charges the Committed Shipper incurs for the shipment of Incremental Barrels in the twelve (12) month period following the Contract Year in which the Committed Shipper incurred the Annual Deficiency Payment.

  • Carrier shall then allocate each Committed Shipper capacity equal to its Nomination for Incremental Barrels, provided that the allocation of Incremental Barrels to all Committed Shippers does not cause the Non-Priority Capacity on a line segment to be reduced below ten percent (10%) of the capacity of the line segment for the Proration Month.

  • The Uncommitted Shipper Rates listed herein will apply to shipments by (i) all Shippers that are not Committed Shippers, and (ii) all shipments of Non-Priority Incremental Barrels by Committed Shippers.

  • Each Committed Shipper will also be allocated capacity equal to any volumes Nominated by the Committed Shipper in excess of its Monthly Volume Commitment (“ Incremental Barrels”), provided that the allocation of Incremental Barrels to one or more Committed Shipper does not cause the percentage of capacity allocated to Committed Shippers for the Proration Month to exceed 90 percent of the System Capacity for the Proration Month.

  • If Carrier determines, in its sole discretion, that would occur as a result of such an allocation, Carrier shall instead allocate the Incremental Capacity available on the affected line segment for the month among all Committed Shippers that submitted a Nomination for Incremental Barrels in the month, with such allocation being done on a pro rata basis according to the level of each Committed Shipper’s Monthly Volume Commitment.

  • Carrier shall then allocate each Committed Shipper an amount of capacity equal to its Nomination for Incremental Barrels, provided that the allocation of Incremental Barrels to all Committed Shippers does not cause the Non-Priority Capacity on Carrier’s system (or the allocated portion thereof) to be reduced below ten percent (10%).

  • The Bank has recognised a liability to the noteholders on its balance sheet, and the repurchase events would only impact the timing of cash outflows and not the amount of the liability.

  • If that were to occur, Carrier shall allocate the Incremental Capacity among all Committed Shippers that Nominated Incremental Barrels, with such allocation being done on pro-rata basis according to each Committed Shipper’s Monthly Volume Commitment.Any portion of a Committed Shipper’s Nomination that is not met under Item 7(C)(1) or this 7(C)(2) shall be subject to proration under Item 7(E) below.

  • Because the Committed Rates (as well as the Uncommitted Rates with respect to VC Shippers’ Incremental Barrels) to be paid by Shipper for the volumes of Crude Petroleum transported by Carrier will be determined based upon the specific TGSA and the specific TGSA Shipper for which Shipper is transporting Crude Petroleum pursuant to Section 19.1 of the TGSA, it will be necessary for Shipper to separately identify to Carrier each month the volumes of Crude Petroleum by TGSA and TGSA Shipper.


More Definitions of Incremental Barrels

Incremental Barrels means any portion of a Committed Shipper’s Nomination (or Tender) that either (i) exceeds the Committed Shipper’s Monthly Volume Commitment, or (ii) for which the Committed Shipper is not allocated capacity under Item Nos. 90-A(C)(i) and 90- A(C)(ii).
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Incremental Barrels means any portion of an Anchor Firm Shipper’s nomination for shipment on the Carrier Facilities in a proration month that exceeds its allocation of capacity after the application of the Allocation Method set forth below in Section C.
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Incremental Barrels means the Barrels of Crude Petroleum that a Committed Shipper nominates and tenders for shipment in a month that exceed its Committed Volume.
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Incremental Barrels means (i) the Flexible-Service Barrels that a Committed Shipper Nominates for shipment in a Proration Month but which the Committed Shipper is not allocated capacity for under Item No. 100(C)(ii)(2)(b), plus (ii) any portion of a Committed Shipper’s Nomination that exceeds the Committed Shipper’s Monthly Volume Commitment.
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Incremental Barrels means the Barrels of Crude Oil that Shipper nominates and tenders for shipment on the Base Pipeline in a month that exceed Shipper’s Monthly Volume Commitment.
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Incremental Barrels means the Barrels of Product that a 2018 TSA Committed Shipper Nominates and Tenders for shipment on the System in a Month that exceed such 2018 TSA Committed Shipper’s Minimum Volume Commitment.
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Related to Incremental Barrels

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Increment means twelve (12) months of service credit which are purchased. The

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Amount means, at any time, the excess, if any, of (a) $200.0 million over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental cost means all costs that could be avoided in the medium term if a Segment was removed from the Network;

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.