NGL Component definition

NGL Component means each of the five individual hydrocarbon constituents contained in the Raw Product, including ethane, propane, isobutane, normal butane and natural gasoline (with natural gasoline including all pentane and heavier hydrocarbon components).
Sample 1Sample 2Sample 3
NGL Component means each of ethane, propane, butane and pentanes plus contained within Gas.
Sample 1
NGL Component means each of the five individual hydrocarbon constituents contained in the Raw Product including ethane, propane, isobutane, normal butane, and natural gasoline
Sample 1

Examples of NGL Component in a sentence

  • On or before the 15th Business Day of the Month following the Month of delivery, Buyer shall deliver to Seller a statement showing for the Month of delivery the nominated and estimated amounts of Raw Product delivered for sale hereunder, and the applicable NGL Component price(s).

  • If for any reason the OPIS Index for a particular NGL Component or any other index used in the calculations made pursuant to Section 4.1 should (i) cease to be published or (ii) be materially changed, the Parties agree promptly and in good faith to negotiate a mutually satisfactory alternate index or substitute methodology for calculating the price for such Component (the “Alternate Index”).

  • In the event that Buyer elects to take delivery of Specification Products at the Chico Plant by truck or by injection into a crude oil or NGL Component Pipeline, in addition to the Product price described at Section 4.1(a), Buyer shall pay Seller the Chico Fractionation Fee or the Adjusted Chico Fractionation Fee, as applicable.

  • Gatherer shall allocate Customer’s pro rata share of each NGL Component contained in any commingled stream of Gas at any Point(s) of Delivery based on the GPMs of each NGL Component contained in Customer’s Gas as measured by chromatograph or other method acceptable in the industry at Customer’s Point(s) of Receipt.

  • On or before the 15th Business Day of the Month following the Month of delivery, Buyer shall deliver to Seller a statement showing for the Month of delivery the amount and type of Product delivered for sale hereunder, and the applicable NGL Component price(s).

  • Gas Liquids shall be determined by multiplying the MCF’s of SELLER’s Gas Delivered for Processing by the GPM content of each NGL Component contained in the Gas as determined from samples taken at the Receipt Point(s) and that product by the fixed “NGL Efficiencies” as described in the above Percentage Table.

  • For the Raw Product delivered hereunder, Targa shall pay to MarkWest a purchase price ("Price") equal to the applicable OPIS Monthly Index (as defined in Subsection B.1 below) for each gallon of each NGL Component (as such term is defined in Attachment B and as reported on end-of-the-month report from WTPL) contained therein less (i) Transportation Costs (as defined in Subsection B.2 below) and (ii) Fractionation Costs (as defined in Subsection B.3 below).

  • The OPIS Price for each NGL Component is the arithmetic average of the midpoints of the daily high and low quotations applicable to the NGL Component and Region in question, determined from Exhibit C, and as reported by Oil Price Information Service ("OPIS"), on each Day during the Month of delivery for which such price is quoted using the "Any Current Month" column.

  • Buyer shall pay to Seller for the Raw Product delivered to Buyer hereunder, a purchase price equal to the OPIS Index Price for each Gallon of each NGL Component contained in the Raw Product, minus (i) Transportation Costs, (ii) Fractionation Costs, and (iii) the Marketing Fee.

  • On or before the 15th Business Day of the Month following the Month of delivery, Buyer shall deliver to Seller a statement showing for the Month of delivery the amount and type of Raw Product delivered for sale hereunder, and the applicable NGL Component price(s).


More Definitions of NGL Component

NGL Component means each of the five individual hydrocarbon constituents contained in the Raw Product including ethane, propane, isobutane, normal butane, and natural gasoline. "Offspec Products" shall have the meaning ascribed to such terms as set forth in Section 11 below.
Sample 1

Related to NGL Component

  • Class D Component The Component having such designation.

  • Accrual Components As specified in the Preliminary Statement.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Class A-S Component The Component having such designation.

  • Class C Component The Component having such designation.

  • Original component manufacturer means an organization that designs and/or engineers a part and is entitled to any intellectual property rights to that part.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Basket Component means each of the SPDR S&P 500 ETF Trust, iShares Russell 2000 Index Fund, iShares MSCI EAFE Index Fund, and iShares MSCI Emerging Markets Index Fund.

  • Cash Component means that portion, if any, of the Conversion Shares Offer Consideration consisting of cash.

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Structural component means a component that supports non-variable forces or weights (dead loads) and variable forces or weights (live loads).

  • Dilution Volatility Component means the product (expressed as a percentage) of (i) the difference between (a) the highest three (3)-month rolling average Dilution Ratio over the past 12 Calculation Periods and (b) the Adjusted Dilution Ratio, and (ii) a fraction, the numerator of which is equal to the amount calculated in (i)(a) of this definition and the denominator of which is equal to the amount calculated in (i)(b) of this definition.

  • SONIA Compounded IndexStart means, with respect to an Interest Accrual Period, the SONIA Compounded Index determined in relation to the day falling the Relevant Number of London Banking Days prior to the first day of such Interest Accrual Period; and

  • Facility component means any part of a facility, including equipment.

  • Class B Component The Component having such designation.

  • Class A-1 Component The Component having such designation.

  • SOFR Compounded Index means the Compounded Daily SOFR rate as published at 15:00 (New York time) by Federal Reserve Bank of New York (or a successor administrator of SOFR) on the website of the Federal Reserve Bank of New York, or any successor source; and

  • Corresponding Component As identified in the Preliminary Statement with respect to any Class of Non-Vertically Retained Principal Balance Certificates or Lower-Tier Regular Interest.

  • Service Component means certain enabling Software, hardware peripherals and associated documentation which may be separately provided by Symantec as an incidental part of a Service.

  • Loop Concentrator/Multiplexer or "LCM" is the Network Element that does one or more of the following: aggregates lower bit rate or bandwidth signals to higher bit rate or bandwidth signals (multiplexing); disaggregates higher bit rate or bandwidth signals to lower bit rate or bandwidth signals (demultiplexing); aggregates a specified number of signals or channels to fewer channels (concentrating); performs signal conversion, including encoding of signals (e.g., analog to digital and digital to analog signal conversion); or in some instances performs electrical to optical (E/O) conversion. LCM includes DLC, and D4 channel banks and may be located in Remote Terminals or Central Offices.

  • One-component coating means a coating that is ready for application as it comes out of its container to form an acceptable dry film. A thinner, necessary to reduce the viscosity, is not considered a component.

  • Class A-2 Component The Component having such designation.

  • SONIA Compounded Index means the index known as the SONIA Compounded Index administered by the Bank of England (or any successor administrator thereof);

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Components means articles, materials, and supplies incorporated directly into end products at any level of manufacture, fabrication, or assembly by the Contractor or any subcontractor.

  • Roll-on product means any antiperspirant or deodorant that dispenses active ingredients by rolling a wetted ball or wetted cylinder on the affected area.