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 agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

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.

Examples of Volume Commitment in a sentence

• Upon execution of a new Transportation Service Agreement (Take or Pay) for Crude Petroleum as a result of an election pursuant to this Section 16.5, this Agreement shall be of no further force and effect as it pertains to the Monthly Volume Commitment converted to the new Transportation Service Agreement (Take or Pay) other than in respect of liabilities that accrued up to the effective date the replacement takes effect.

• Xxxxxxx will post a conversion table to account for the impact to Xxxxxxx’s Monthly Volume Commitment if it elects to nominate for Services in respect of such new commodity type or blend of Crude Petroleum.

• Volumes Between Service Hauls Other than as provided in this Section 4.3, Shipper shall not be entitled to nominate or ship any portion of its Monthly Volume Commitment that has been committed to a specific Requested Service Haul pursuant to Schedule “A” as a Committed Volume under a different Service Haul.

• Subject to the terms of this Agreement, Xxxxxxx has requested Carrier to provide Services on a Priority Access basis in respect of its Monthly Volume Commitment as committed to each applicable Service Haul as set forth in Paragraph 87 and Paragraph 98 (provided that the volumes set forth in paragraph 98 shall only be considered for this purpose as of the date which such volumes have come into effect), as applicable, of Schedule “A” (each, a “Requested Service Haul”).

• While volumes are transported on the Lakehead System in respect of Xxxxxxx’s Monthly Volume Commitment for such Requested Service Hauls, Carrier shall cause such Services to be provided by EELP in accordance with and subject to the provisions of the Lakehead Tariff and, if applicable, the Enbridge Joint Tariff.

More Definitions of Volume Commitment

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 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.

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 or Committed Shipper has agreed to ship, or make a Deficiency Payment for, on the Pipeline System during the term of its Transportation Services Agreement.

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 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 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.