Throughput and Deficiency Agreement definition

Throughput and Deficiency Agreement means a written agreement by which Shipper has committed to tender for shipment by Carrier a minimum volume of Crude Petroleum during successive twelve- Accounting Month periods, failing which Shipper shall remit to Carrier a deficiency payment in respect of the shortfall.
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Throughput and Deficiency Agreement means an effective agreement executed between Carrier and a Incentive Shipper, under which the Incentive Shipper commits to ship, or otherwise pay for, transportation of a minimum volume of Products for a specified period of time.
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Throughput and Deficiency Agreement means an effective agreement executed between Carrier and a Shipper, under which the Shipper commits to ship, or otherwise pay for not shipping, a minimum volume of Products for a specified period of time.
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Examples of Throughput and Deficiency Agreement in a sentence

  • Disputes surrounding deficiency fees or monies due under a Throughput and Deficiency Agreement shall be resolved in accordance with the Throughput and Deficiency Agreement.

  • After Carrier’s receipt of such notice, Carrier and Shipper shall promptly work in good faith to resolve the dispute.Carrier will invoice an Incentive Shipper for any deficiency fees or other monies due under a Throughput and Deficiency Agreement in accordance with the Throughput and Deficiency Agreement.

  • Shipper shall pay all such invoiced deficiency fees and other fees without setoff or deduction in accordance with the Throughput and Deficiency Agreement.


More Definitions of Throughput and Deficiency Agreement

Throughput and Deficiency Agreement means an effective Throughput and Deficiency Agreement executed between the Carrier and a Shipper under which the Shipper commits to ship under this Tariff for a period of no less than 3 (three) years a minimum volume, or nonetheless pay for such volume,
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Throughput and Deficiency Agreement means an effective agreement executed between Carrier and a Committed Shipper, under which the Committed Shipper commits to ship, or otherwise pay for, transportation of a minimum volume of Products for a specified period of time.
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Throughput and Deficiency Agreement or “TDA” as herein used means an effective throughput and deficiency agreement, transportation services agreement, throughput agreement, transport agreement or equivalent agreement in each case executed by Carrier and a Shipper, pursuant to which a Committed Shipper commits to ship a certain volume of barrels on Carrier’s System each month or pay a deficiency payment to Carrier, and the Committed Shipper will receive priority service, deemed history or other prorationing rights that are preferential to those of a Regular Shipper (that is not a Committed Shipper) in a segment or segments of the system.
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Throughput and Deficiency Agreement. [W] means an An effective Throughput and Deficiency Agreement executed between Carrier and an Incentive Shipper for the provision of service under this
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Throughput and Deficiency Agreement means an effective Throughput and Deficiency Agreement executed between the Carrier and an Incentive Shipper for the provision of service under this Tariff for a specified period of time.
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Related to Throughput and Deficiency Agreement

  • Contract Amendment means a written document signed by the Procurement Officer that is issued for the purpose of making changes in the Contract.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Offtake Agreement means the offtake agreement dated May 13, 2008 with Glencore International AG pursuant to which the Company has agreed to sell in U.S. dollars to Glencore, and Glencore agreed to acquire, 100% of the V2O5 production at the Maracás Menchen Mine. The Offtake Agreement will terminate effective April 30, 2020. See “Description of the Business — Marketing and Distribution”.

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Interim agreement means an agreement between a private entity and a responsible public entity that provides for phasing of the development or operation, or both, of a qualifying project. Such phases may include, but are not limited to, design, planning, engineering, environmental analysis and mitigation, financial and revenue analysis, or any other phase of the project that constitutes activity on any part of the qualifying project.

  • Factoring Agreement means an agreement by and between a Borrower or a Subsidiary of a Borrower and a Factoring Company pursuant to which a Borrower or such Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.

  • Facility Lease means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and substance reasonably satisfactory to the Administrative Agent.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • EPC Agreement shall have the meaning set forth in the preamble to this Agreement.

  • Permitted Lock-Up Agreement means an agreement between a Person and one or more holders of Voting Shares pursuant to which such holders (each a “Locked-Up Person”) agree to deposit or tender Voting Shares to a Take-Over Bid (the “Lock-Up Bid”) made or to be made by such Person or any of such Person’s Affiliates or Associates or any other Person with which such Person is acting jointly or in concert, provided that:

  • Commercial Supply Agreement has the meaning set forth in Section 6.1.