Volume Commitment TSA definition

Volume Commitment TSA means a TSA entered between Carrier and a Volume Commitment Shipper for transportation under the Joint Tariff.
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Volume Commitment TSA means a TSA entered between Carrier and a Volume Commitment Shipper for transportation under the Joint Tariff. COMMODITY DESCRIPTION AND MEASUREMENT RULE 21 – COMMODITY Carrier is engaged in the transportation of Crude Petroleum and will not accept any other commodity for transportation, except as provided herein. RULE 22 – CRUDE PETROLEUM QUALITY SPECIFICATIONS AND RESTRICTIONS Crude Petroleum shall be accepted for transportation only when such Crude Petroleum meets the following quality specifications. These specifications shall apply to each Barrel of a Shipper’s Nomination and not be limited to the composite sample of the Nomination:
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Examples of Volume Commitment TSA in a sentence

  • If a Volume Commitment Shipper fails to tender a volume of Crude Petroleum equal to its Committed Volume, multiplied by the number of days in the applicable month, it shall pay to Carrier the Deficiency Payment, which payment shall be equal to the shortfall in the quantity tendered multiplied by the applicable rate in its Volume Commitment TSA.

Related to Volume Commitment TSA

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Lenders as the same may be decreased or increased pursuant to the terms of this Agreement. As of the Closing Date, the amount of the Total Revolving Commitment is $250,000,000.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Available Commitment means a Lender’s Commitment minus:

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • L/C Commitment $50,000,000.

  • Commitment Utilization Percentage means on any day the percentage equivalent to a fraction (a) the numerator of which is the aggregate outstanding principal amount of Revolving Credit Loans, including the aggregate outstanding principal amount of Letters of Credit, Swingline Loans and Competitive Loans, and (b) the denominator of which is the Total Commitment (or, on any day after termination of the Commitments, the Total Commitment in effect immediately preceding such termination).

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).