Regular Shipper definition
Examples of Regular Shipper in a sentence
All Product barrels moved by Shipper in excess of its Quarterly Volume Commitment will be attributed to Shipper’s movements on the Pipeline as a Regular Shipper, subject to the applicable Rules & Regulations of the Tariff.
Any capacity remaining after the Regular Shipper allocation shall be allocated to New Shippers in proportion to their nominated volumes.
Notwithstanding anything in this Agreement to the contrary, during the continuance of a Default by Shipper, and after Carrier has provided a Shipper Default Notice which is not cured within ten (10) Business Days, the tariff rate payable by Shipper for its Committed Volume shall be the applicable Regular Shipper Rate then in effect as further described in Schedule B and shall be retroactively applicable from the date of Shipper Default Notice.
Each New Shipper shall be allocated space equal to its nominated volumes multiplied by the proration factor, except that in any month for which Carrier is allocating capacity on a System, the capacity allocated to a Regular Shipper shall not be reduced by more than [*CONFIDENTIAL*] percent of the Regular Shipper’s base period shipments.
In the event that the Regular Shipper Rate is ever lower than the Committed Rate plus $.10 per Barrel, the Committed Rate shall be adjusted to the greater of: (a) the Regular Shipper Rate minus $.10 per Barrel or (b) $.85 per Barrel.