Off-Spec Crude Oil definition
Off-Spec Crude Oil has the meaning set forth in Section 4.2(c).
Off-Spec Crude Oil has the meaning set forth in Item 3(E). “Open Season” means that open season held by Gatherer to obtain volume commitments and/or acreage dedications on the Gathering System, and any supplemental open season held by Gatherer to obtain additional volume commitments and/or acreage dedications on the Gathering System prior to the commencement of service on the Gathering System. “Party” shall refer to either Shipper or Gatherer, individually, and “Parties” shall refer to Gatherer and Shipper, collectively. “Person” means any individual, corporation, limited liability company, partnership, trust or other entity, or any Governmental Authority. “Priority Rates” means the rates identified as “Priority Rates” in Section II of this tariff. “Priority Service” means that a tender of Crude Oil by a Priority Shipper for transport on the Gathering System not exceeding Shipper’s Maximum Daily Quantity and paying the Priority Rate for levels of applicable service on the Gathering System, shall be entitled to the highest level of service on the Gathering System and not be subject to prorationing to accommodate nominations of uncommitted volumes for transport on the Gathering System or nominations of volumes for transport on the Gathering System by Shippers who do not elect to pay (or are not eligible thereunder) the Priority Rate for such nominations. “Priority Shipper” means a Shipper with which Gatherer has executed a COGA for Priority Service on the Gathering System pursuant to the open season(s) held by Gatherer and such 4
Off-Spec Crude Oil shall have the meaning given to such term in Section 7.5 of this Agreement. “Open Season” shall mean the open season initiated and conducted by Gatherer to determine interest by Priority Shippers in the Gathering System. “Parties” shall have the meaning given to such term in the preamble of this Agreement. “Party” shall have the meaning given to such term in the preamble of this Agreement. “Person” shall mean any individual, firm, corporation, trust, partnership, limited liability company, association, joint venture, other business enterprise or Governmental Authority. “Primary Term” shall have the meaning given to such term in Section 2.1 of this Agreement. “Prior Dedications” shall mean, as of the applicable date of determination, any and all existing agreements or arrangements (including any joint operating agreements, pooling agreements, unitization or communitization agreements) or rights of any third Persons that are binding on the applicable Person or on the applicable Interest within the Dedicated Area or any Crude Oil produced therefrom that would require or necessitate (i) Shipper Crude Oil to be gathered on any gathering system or similar system other than the Gathering System (including deliveries of Shipper Crude Oil as necessary to satisfy any minimum volume or similar commitment), or (ii) Shipper Crude Oil to be trucked by a third party from the Dedicated Area. “Priority Rate” shall have the meaning given to such term in the Tariff. “Priority Service” shall have the meaning given to such term in Section 6.2 of this Agreement. 6
Examples of Off-Spec Crude Oil in a sentence
IRRX shall promptly provide written notice to STUSCO of Crude Oil Products that do not meet the Required Crude Oil Product Specifications required under this Agreement, unless the sole cause of such resulting Off-Spec Crude Oil Products is STUSCO’s gross negligence or the result of STUSCO providing Crude Oil that is non-compliant with the Required Crude Oil Specifications, (collectively, the “Off-Spec Products”).
The Tariff also sets out under what conditions Gatherer may accept Off-Spec Crude Oil and commingle the same with the common stream.