Examples of Priority Shipper in a sentence
If an event of Force Majeure or other operational issue causes System Capacity to be reduced for the Proration Month, the allocation of System Capacity to each Priority Shipper under this Item 7(C) shall be reduced by the same percentage as the reduction in System Capacity that is caused by the Force Majeure event or operational issue.
Gatherer will reduce the allocations of System Capacity to each Priority Shipper affected by such Force Majeure event by the same percentage as the reduction in capacity of the affected portion of theGathering System or the reduction in receipt or delivery capability of the affected Receipt Point or Delivery Point, respectively and as applicable.
Transportation and all other lawful charges shall be collected on the basis of the quantities of Crude Oil delivered to Delivery Points, and said quantities will be determined in the manner provided in Item 8.The terms of a COGA shall govern the rights of a Priority Shipper and Gatherer with respect to the payment or nonpayment of any deficiency payments and/or other charges set forth in a COGA.
However, following the expiration of a PriorityShipper’s COGA, such Priority Shipper’s Line Fill shall be returned to Priority Shipper pursuant to the provisions set forth in subpart (C) of this Item 13.
In order to qualify for this 12 Year Term Committed Rate, a Priority Shipper must have entered into a COGA with a minimum term of 12 years and made an acreage dedication covering at least 2,000 acres of lands located in Winkler County, Texas or Loving County, Texas.