Recourse Rate definition

Recourse Rate means the applicable maximum rate which would apply to the service but for the rate flexibility allowed under Sections 30 (Negotiated Rates) and 34 (Discounting) hereof.

Recourse Rate means the Total Effective Rate (maximum base tariff rate plus all applicable surcharges) set forth in this Tariff for service under the corresponding rate schedule.

Recourse Rate means the maximum rate for service under

Examples of Recourse Rate in a sentence

• To be eligible for the Regulatory ROFR when a service agreement is extended, Shipper must extend at the applicable Recourse Rate for a term of 12 or more consecutive months or, for a seasonal service agreement, for a term of more than 1 year.

• When the rate bid by a bidder is lower than the Recourse Rate, that bid rate will be subject to adjustment in accordance with the procedures of this Tariff and of the Commission by an amount proportionate to the increase or decrease in the Recourse Rate, unless otherwise clearly stated in the service agreement.

• The highest rate that Shipper under the Prearranged Agreement must match to receive service under the Prearranged Agreement is the Recourse Rate.

• Transporter has the right to reject any bids that: (i) are for less than the Recourse Rate; (ii) do not satisfy any of the other terms specified in the posting; or (iii) include conditions or provisions that Transporter determines, in its reasonable discretion, to be unacceptable.

• In accordance with Section 34.4 of the General Terms and Conditions, for purposes of allocating capacity pursuant to Sections 7.2, 7.3 and 7.4, Shippers paying more than the Recourse Rate will be considered to be paying the Recourse Rate.

More Definitions of Recourse Rate

Recourse Rate means the generally applicable maximum tariff rates and surcharges set forth on the currently effective Statement of Rates.

Recourse Rate means the applicable maximum Tariff rate that would apply to a service but for the rate flexibility allowed under the Discounted and Negotiated Rate provisions of the GTC of this Tariff.

Recourse Rate means the applicable maximum rate which would apply to the service but for the rate flexibility allowed under Section 33 hereof.

Recourse Rate means the maximum base tariff rate plus all applicable surcharges set forth in this Tariff for service under the corresponding rate schedule.

Recourse Rate means the Total Effective Rate (maximum base tariff rate plus all applicable surcharges) set forth in this Tariff from time to time for service under the corresponding Rate Schedule.

Recourse Rate means the Commission approved maximum tariff rates set forth in the Currently Effective Rates for the applicable Rate Schedule as modified from time to time.

Recourse Rate means the maximum base tariff rate(s) plus all surcharges set f orth in this Tariff applicable for the service provided under the corresponding rate schedule. For service provided to a pooling point on Transporter’s system, Recourse Rate shall be deemed to not include commodity or usage related charge(s) or surcharge(s).