Quarterly Throughput Commitment definition

Quarterly Throughput Commitment means, with respect to a Quarter, a volume of Crude Petroleum equal to (a) 155,000 Light Equivalent Barrels per Day on the Pipeline System for such Quarter, multiplied by (b) the number of Days in such Quarter. The Quarterly Throughput Commitment will be reduced proportionately for any partial Quarter during the Term.
Quarterly Throughput Commitment means, with respect to a Quarter, a volume of Product equal to (a) (i) [ ] Barrels per Day on the [ ] and (ii) [ ] Barrels per Day on the [ ], as applicable, multiplied by (b) the number of Days in such Quarter. The Quarterly Throughput Commitment will be reduced proportionately for any partial Quarter during the Term.
Quarterly Throughput Commitment means, with respect to a Quarter, a volume of Crude Petroleum and Product equal to (a) the lesser of (i) 40,000 Barrels of Crude Petroleum and Product per Day and (ii) 60,000 Barrels of Crude Petroleum and Product per Day minus the sum of all third party shipments of Crude Petroleum and Product per Day on the Barge Dock, multiplied by (b) the number of Days in such Quarter. The Quarterly Throughput Commitment will be reduced proportionately for any partial Quarter during the Term.

Examples of Quarterly Throughput Commitment in a sentence

  • If the Parties are unable to agree on an appropriate reduction to the Quarterly Throughput Commitment, MPC may provide written notice to MPL of MPC’s intention to suspend operations (the “Suspension Notice”).

  • At the conclusion of the Force Majeure event, the Minimum Quarterly Dock Commitment, Capacity Commitment or Minimum Quarterly Throughput Commitment with respect to each Calendar Quarter in which the Force Majeure event remained in effect shall be ratably reduced to reflect such suspension.

  • If the capacity of a Terminal falls below the level of Company’s Minimum Quarterly Dock Commitment or Minimum Quarterly Throughput Commitment at any time and for any reason (other than outages caused by Holdings’ planned maintenance), such Commitment shall be proportionately reduced for such time that capacity of such Terminal or such blending facility is less than such Commitment.

  • The Minimum Quarterly Dock Commitment, Capacity Commitment or Minimum Quarterly Throughput Commitment shall be ratably reduced to reflect such suspension.

  • If the Parties are unable to agree on an appropriate reduction to the Quarterly Throughput Commitment,] MPC may provide written notice to MPL of MPC’s intention to suspend operations (the “Suspension Notice”).

  • If the Parties are unable to agree on an appropriate reduction to the Quarterly Throughput Commitment, MPC may provide written notice to ORPL of MPC’s intention to suspend operations (the “Suspension Notice”).


More Definitions of Quarterly Throughput Commitment

Quarterly Throughput Commitment means, with respect to a Quarter, a volume of Product equal to (a) (i) 320,000 Barrels per Day on the Garyville to Baton Rouge and/or Xxxxxxx Xxxxxxxx Segment and (ii) 80,000 Barrels Per Day on the Xxxxxxx to Colonial Pipeline Segment, as applicable, multiplied by (b) the number of Days in such Quarter. The Quarterly Throughput Commitment will be reduced proportionately for any partial Quarter during the Term."
Quarterly Throughput Commitment means, with respect of a Quarter, a volume of Product equal to (a) (i) 48,000 Barrels per Day on the Kenova to Columbus Pipeline Segment, (ii) 10,000 Barrels per Day on the Columbus to Dayton Pipeline Segment, (iii) 6,000 Barrels per Day on the Columbus to Heath Pipeline Segment, (iv) 4,000 Barrels per Day on the Heath to Findlay Pipeline Segment, (v) 32,000 Barrels per Day on the Canton to East Sparta Pipeline Segment, (vi) 8,000 Barrels per Day on the East Sparta to Heath Pipeline Segment, (vii) 13,000 Barrels per Day on the East Sparta to Midland Pipeline Segment, and (viii) 7,000 Barrels per Day on the East Sparta and Midland to West Point multiplied by (b) the number of Days in such Quarter. The Quarterly Throughput Commitment will be reduced proportionately for any partial Quarter during the Term.
Quarterly Throughput Commitment means, with respect to a Quarter, a volume of Product equal to (a) (i) 81,000 Barrels per Day on the Texas City to Pasadena Pipeline Segment; (ii) 61,000 Barrels per Day on the Pasadena to Connecting Carriers Pipeline Segment; (iii) for that period beginning on the 1st day of November, 2016 and ending on the date a total of 36,500,000 Barrels are delivered to the ITC Terminal, also 20,000 Barrels per Day are delivered to the ITC Terminal on either the Texas City to Pasadena Pipeline Segment or the Pasadena to Connecting Carriers Pipeline Segment , which volumes may also be credited to volumes required in (i) and (ii), as applicable, multiplied by (b) the number of Days in such Quarter. The Quarterly Throughput Commitment will be reduced proportionately for any partial Quarter during the Term.”
Quarterly Throughput Commitment means, with respect to a Quarter, a volume of Product equal to (a) (i) 81,000 Barrels per Day on the Texas City to Pasadena Pipeline Segment and (ii) 61,000 Barrels per Day on the Pasadena to Connecting Carriers Pipeline Segment, as applicable, multiplied by (b) the number of Days in such Quarter. The Quarterly Throughput Commitment will be reduced proportionately for any partial Quarter during the Term.

Related to Quarterly Throughput Commitment

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Available Commitment means a Lender’s Commitment minus:

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000).

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Quarterly Distribution means with respect to each Distribution Date, the distribution to be made to the Holders of the Up-MACRO Holding Shares that are Outstanding on the Distribution Date pursuant to priority sixth of Section 5.2(a), which shall consist of the cash on deposit in the Up-MACRO Holding Trust after it makes or receives a payment under the Income Distribution Agreement and makes all other payments or investments in Eligible Treasuries that it is required to make pursuant to such Section 5.2(a).

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • PJM Region Installed Reserve Margin means the percent installed reserve margin for the PJM Region required pursuant to RAA, Schedule 4.1, as approved by the PJM Board. PJM Region Peak Load Forecast: