Volume Commitment definition

Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

Volume Commitment means the daily volume of Barrels of Crude Petroleum a VC Shipper has agreed to ship, or make a Deficiency Payment for, on Carrier’s System during the term of the TGSA and as set forth in such TGSA.

Examples of Volume Commitment in a sentence

Verizon may terminate a Service or the Agreement for Convenience on 60 days’ notice to Customer provided all applicable Volume Commitment Periods and/or Service Commitments have expired.
The Customer entity that is the Party to the USSA (not a Participating Entity) remains responsible in all respects for any failure to meet any Volume Commitment.
If, at the end of any Contract Year or Volume Commitment Period (as applicable), the Eligible Charges Customer has paid are less than the Volume Commitment, then Customer shall pay an Underutilization Charge equal to 75% of the shortfall (or other percentage detailed elsewhere in the Agreement).
Where a Volume Commitment applies, Customer shall pay Verizon the amount of Eligible Charges required to meet the relevant Volume Commitment within the applicable measurement period.
Upon expiration of a Volume Commitment Period and/or Service Commitment (as applicable), the associated Service automatically continues until either Party terminates it under the terms of the Agreement.

Volume Commitment as herein used means, with respect to a Committed Shipper, the daily volume commitment of Crude Petroleum set forth in such Committed Shipper’s TSA.

Volume Commitment means the volume of Products that a Committed Shipper agreed to ship on Carrier’s System each day during the term of the Committed Shipper’s TSA, as specified in Exhibit A to the Committed Shipper’s TSA.

Volume Commitment means the Daily volume of Barrels of Product a VC Shipper or Committed Shipper has agreed to ship, or make a Deficiency Payment for, on Carrier's System during the term of its Transportation Services Agreement.

Volume Commitment means, in relation to each Contract Year, the amount as set out on the Cover Sheet.

Volume Commitment means the daily volume of Barrels of Product a VC Shipper has agreed to ship, or otherwise make a Deficiency Payment for, on Carrier’s System during the term of its TSA and as set forth in such TSA.

Volume Commitment means the volume of Crude Oil that a Committed Shipper agrees to ship on the System each day during the term of the TSA, as such amount is set forth in each Committed Shipper’s TSA.

Volume Commitment means with respect to a Committed Shipper, the volume of Demethanized Mix per day that such Shipper has committed to nominate and tender to Carrier in accordance with Section 2.2.1 of the TSA of such Committed Shipper.