Monthly Revenue Commitment definition

Monthly Revenue Commitment means the product of the Monthly Volume multiplied by the term shipper commitment rate as described in Appendix “B” of a Contract.
Sample 1Sample 2Sample 3
Monthly Revenue Commitment means the product of the Monthly Volume multiplied by the fixed toll as described in Appendix “B” of a Contract.
Sample 1Sample 2Sample 3
Monthly Revenue Commitment means the amount calculated in accordance with paragraph B.1 of Appendix B.
Sample 1Sample 2Sample 3

Examples of Monthly Revenue Commitment in a sentence

  • Every Month during the Term of the Contract Shipper shall pay to Carrier on the Payment Due Date, in a manner and in an amount consistent with ARTICLE 6 of the Agreement, the Fixed Tolls and associated Monthly Revenue Commitment, the Variable Tolls and all other charges and adjustments set forth in this Appendix B and in the Tariff.

  • Shipper’s Monthly Revenue Commitment for any Month shall be the product obtained by multiplying the applicable Fixed Toll times the Monthly Volume, subject to any MRC Adjustment described in Part E below.

  • From and after the Commencement Date, on each Payment Due Date, Shipper shall pay Carrier for Services in accordance with this Agreement and the Tariff, including: (i) the Fixed Toll and associated Monthly Revenue Commitment, (ii) the Variable Toll, plus (iii) all other charges and adjustments as set forth in Appendix B and the Tariff.


More Definitions of Monthly Revenue Commitment

Monthly Revenue Commitment means the product of the Monthly Volume times either (i) the fixed toll as described in Appendix “B” of a Contract, and (ii) in the case of a Contract for the Keystone Terminal Facilities, the Batch Accumulation Toll as described in Appendix ‘B’ of a Contract.
Sample 1
Monthly Revenue Commitment means the product of the Monthly Volume multiplied by the fixed toll as described in Appendix B of a Contract, as such Monthly Revenue Commitment may be adjusted in accordance with Appendix B of a Contract.
Sample 1

Related to Monthly Revenue Commitment

  • 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.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Available Commitment means a Lender’s Commitment minus:

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • 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)).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Maximum Revolving Advance Amount means $35,000,000.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

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

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: Applicable Pricing Level Margin II 10.0 V 17.5

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).