Priority Rates definition

Priority Rates means the rates identified as “Priority Rates” in Section II of this tariff.
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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
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Examples of Priority Rates in a sentence

  • For example, all volumes delivered up to 10,000 BPD will be charged the Priority Rate of $0.750, and, if Shipper delivers an average of 35,000 BPD for the Month, the Priority Rates will be (i) $0.750 for the first 10,000 BPD, (ii) $0.650 for the second 10,000 BPD, (iii)$0.550 for the third 10,000 BPD, and (iv) $0.280 for the remaining 5,000 BPD.

Related to Priority Rates

  • Priority Debt means, as of any date, the sum (without duplication) of (i) Indebtedness of the Company and its Subsidiaries secured by Liens not otherwise permitted by Sections 10.4(a) through (h), and (ii) outstanding unsecured Indebtedness of Subsidiaries not otherwise permitted by Sections 10.3(a) through (d).

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Term SOFR Reference Rate means the forward-looking term rate based on SOFR.

  • Designated CMT Maturity Index means the original period to maturity of the United States Treasury securities (either 1, 2, 3, 5, 7, 10, 20 or 30 years) specified on the face hereof with respect to which the CMT Rate will be calculated or, if no such maturity is specified on the face hereof, 2 years.