TVDD definition

TVDD has the meaning given to it in Section 7.9(e);
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Examples of TVDD in a sentence

  • For the purposes of this Section 7.3 and the Annual Inflation Adjustment, there shall be no Annual Inflation Adjustment applied to any toll adjustment applied pursuant to Section 7.4 or any TVDD applicable to the Committed Tolls.

  • Notwithstanding anything to the contrary herein, the TVDD shall not be subject to any adjustment in accordance with Section 7.3.

  • For certainty, Committed Volumes which are subject to a Flex Service Term (i) shall be included in the calculations of the TVDD Rolling Average for the purpose of determining whether the TVDD Threshold has been exceeded; but (ii) shall not be eligible to receive the TVDD.

  • The TVDD applicable to any given Month shall be capped at a discount of U.S. $0.30 per Barrel for a movement of heavy Crude Petroleum from ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ to any of the delivery points in the Chicago, Illinois area (Lockport, Mokena, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇) with all other Committed Tolls discounts for all Petroleum types across all Service Hauls for the TVDD being proportionally capped on a distance and commodity adjusted basis to such applied discount.

  • Examples of how the Carrier will determine TVDD for a Month are set forth in Schedule “O”.

  • For greater certainty, no TVDD shall be applied to Committed Tolls where, in a Month, the requirements of this Section 7.9(e) with respect to the TVDD Rolling Average have not been satisfied.