Linefill definition

Linefill means the quantity of Product required by Carrier needed to occupy the physical space in Carrier's facilities to provide working stock and storage receptacle bottoms, if applicable, as determined by Carrier.

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Linefill means the quantity of Natural Gas Liquids needed to occupy the physical space in Carrier's facilities.

Linefill means the quantity of Product needed to occupy the physical space in Carrier’s pipeline in order to provide the transportation services in this tariff.

Examples of Linefill in a sentence

• Within two business days after Closing, Seller shall invoice Buyer for the Linefill and generic additive as determined by the pricing formula set forth in this Section 2.4(e).

• Seller and Buyer shall agree to the calculation of Linefill prior to Closing.

• Within ten (10) Days after the expiration or early termination of this Agreement, or immediately upon an event of default by Buyer under Section 16, provided, in each case, that Seller has performed all of its obligations herein, Buyer shall make payment to Seller for such retained Linefill, at the price in effect during the Month that this Agreement expires or terminates, or in which the event of default occurs, as applicable.

• Seller shall indemnify, discharge and hold Buyer harmless from any claim by any such third party that it has an inventory balance in excess of the amount of Product, Bottoms and Linefill apportioned to that third party, or any claim by any other person that such person has title to any Product, Bottoms or Linefill at the Terminals as of the Closing.

• Further, if the Maximum Production is increased or reduced pursuant to Section 3.A., then the amount of Linefill to be retained by Buyer will be **, and the ** and the ** after shall be ** the next ** months.

More Definitions of Linefill

Linefill means the quantity of Product needed to occupy the physical space in the pipeline.

Linefill means the quantity of Product needed to occupy the physical space in Carrier’s facilities.

Linefill means the total quantity of Crude Petroleum, including Working Stock, needed to occupy the physical space within the Pipeline and any applicable facilities.

Linefill has the meaning specified in Section 2.4(a).

Linefill means the quantity of Demethanized Mix needed to occupy the physical space in the pipeline.

Linefill means the total quantity of Crude Petroleum needed to occupy the physical space within the Pipeline and any applicable facilities and required for the efficient operation and scheduling of the Pipeline.

Linefill means that quantity of petroleum constantly maintained in a pipeline;