Examples of Reservation Rate in a sentence
Reservation Rate Option Contract Quantity Customer will specify a uniform Daily Reservation Quantity (DRQ) for service under this rate option subject to the Utility’s approval which will not be unreasonably withheld.
The sum of (a) a fixed Daily Reservation Rate of $0.0286 per 100 Contract Dekatherm-miles on the transportation path from Port of Morgan, MT to Ventura, IA and (b) a fixed Daily Reservation Rate of $0.0307 per 100 Contract Dekatherm-miles on the transportation path from Ventura, IA to North Hayden, IN, pursuant to Section 3.1 of Rate Schedule T-1.
A Customer that selects the TGP Interconnect or a South Lateral Intermediate Point as a Point of Injection/Withdrawal under its FSS Service Agreement shall designate a quantity, not to exceed its Maximum Daily Withdrawal Quantity, that shall represent firm capacity on the South Lateral that is a component of its FSS Service ("South Lateral Maximum Daily Quantity") for which Customer shall pay the South Lateral Reservation Rate.
A Customer may add the TGP Interconnect or a South Lateral Intermediate Point as a Point of Injection/Withdrawal and, in so doing, shall designate a South Lateral Maximum Daily Quantity, not to exceed its Maximum Daily Withdrawal Quantity, for which it shall pay the South Lateral Reservation Rate.
In circumstances where the forecast Load Factor exceeds 2.0, the Service Provider may require the User to enter into "ship or pay" arrangements for a percentage of the Forecast Throughput or enter into an arrangement which increases the Monthly Reservation Rate component of the tariff in order to be assured of an appropriate level of tariff revenue regardless of throughput.