Proration Month definition

Proration Month means the month for which capacity is to be allocated under Item 7.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Proration Month means the Month for which capacity on the Pipeline is subject to prorationing under Item No. 65 of this Tariff.

Proration Month means the calendar month for which capacity is to be allocated under Item No. 18 of this tariff.

Examples of Proration Month in a sentence

In the event that Carrier provides transportation services to any Third Party Shipper and Carrier receives more Nominations in a Month for transportation of Raw Make on Carrier’s Pipeline System than Carrier is able to transport, then consistent with the Tariff, Carrier shall allocate to Shipper the lesser of Shipper’s Nomination for the Proration Month or its Deemed Volume Commitment.
Except as provided in Item 7(H)(2) below, an Uncommitted Shipper that fails to use all of its allocated System Capacity during a Proration Month shall have its allocation of System Capacity reduced in each subsequent Proration Month until the total reductions equal the amount of the deficiency.
When prorationing of System Capacity is in effect: (1) Gatherer shall allocate System Capacity on a monthly basis; and (2) Gatherer will use reasonable efforts to notify each Shipper of its allocation not later than the first working day of the Proration Month.
Except as provided in Item 7(C)(2), Gatherer shall allocate each Priority Shipper an amount of System Capacity equal to the lesser of the Priority Shipper’s Nomination for the Proration Month or its Monthly Committed Volume.

More Definitions of Proration Month

Proration Month means the Month for which System Capacity is to be allocated in accordance with Item 18.

Proration Month means the calendar month which shall begin at seven a.m. on the first day of such month and end at seven a.m. on the first day of the next succeeding month.

Proration Month means the month for which capacity is to be allocated under Item 7. “Quality Specifications” has the meaning set forth in Item 3(A).

Proration Month means the month for which capacity on the Gathering System is to be allocated under Item 7.

Proration Month means the calendar month for which capacity is being prorated.

Proration Month means the calendar month for which Expansion Capacity is to be allocated under this subpart (c) of Item No. 48.

Proration Month means the Month for which capacity is to be allocated in accordance with Item 85.