Minimum Throughput Capacity definition

Minimum Throughput Capacity means an aggregate amount of throughput capacity equal to 47,000 bpd multiplied by the number of calendar days in the Contract Quarter.
View Source
Minimum Throughput Capacity means, with respect to each Contract Quarter, an aggregate amount of throughput capacity equal to 85,000 bpd of Products, multiplied by the number of calendar days in such Contract Quarter; provided, however, that from the Commencement Date through September 30, 2014, which for the purposes of this Agreement shall be treated as one Contract Quarter, the Minimum Throughput Capacity shall be an aggregate amount of throughput capacity equal to 75,000 bpd of Products, multiplied by the number of calendar days in such Contract Quarter.
View Source

Examples of Minimum Throughput Capacity in a sentence

  • The Operator may throughput volumes for third parties; provided, however, that such arrangements do not prevent the Operator from fulfilling its obligations to the Company hereunder, including the obligation to make the Minimum Throughput Capacity available to the Company during the Term.

  • The Operator shall use commercially reasonable efforts to (i) minimize the interruption of service at the Terminal, (ii) minimize the impact of any such interruption on the Company and the Company Designee and (iii) notwithstanding any such interruption of service, make the Terminal available to the Minimum Throughput Capacity.

  • The Operator shall provide the Company and the Company Designee non-discriminatory, priority access rights at the Terminal to throughput the Company’s and the Company Designee’s Products up to the Minimum Throughput Capacity.

  • Logistics’ obligations may be temporarily suspended during the occurrence of, and for the entire duration of, a Force Majeure event or interruptions for routine repair and maintenance consistent with industry standards that prevent Logistics from providing the Minimum Throughput Capacity or storing the applicable Minimum Storage Capacity.

  • In the event of the failure of the Logistics Entity to maintain (i) the Pipelines with sufficient capacity to throughput the Minimum Throughput Capacity or (ii) the Tankage with a capacity sufficient to terminal a volume of Crude Oil at least equal to the Minimum Storage Capacity, then either Party shall have the right to call a meeting between executives of both Parties by providing at least two (2) Business Days’ advance written notice.


More Definitions of Minimum Throughput Capacity

Minimum Throughput Capacity has the meaning set forth in Section 2(b)(i).
View Source
Minimum Throughput Capacity means an aggregate amount of throughput capacity at the Terminal equal to 26,000 bpd multiplied by the number of calendar days in the Contract Quarter.
View Source
Minimum Throughput Capacity means an aggregate amount of truck-loading capacity equal to 6,000 bpd multiplied by the number of calendar days in the Contract Quarter.
View Source
Minimum Throughput Capacity means (a) the Minimum Pipeline Capacity and (b) the Minimum Terminalling Capacity.
View Source
Minimum Throughput Capacity means the Crude Oil Pipelines Minimum Throughput Capacity, the Product Pipelines Minimum Throughput Capacity, the Product Racks Minimum Throughput Capacity, the Rail Racks Minimum Throughput Capacity, and the Duncan Terminal Minimum Throughput Capacity, as applicable.
View Source
Minimum Throughput Capacity means the Minimum Heavy Crude Throughput Capacity or the Minimum Light Crude Throughput Capacity, as applicable.
View Source
Minimum Throughput Capacity means, with respect to (a) the Contract Quarter ending June 30, 2014, an aggregate amount of throughput capacity equal to 4,000 bpd of Products, multiplied by the number of calendar days in such Contract Quarter, (b) the Contract Quarter ending September 30, 2014, an amount of throughput capacity equal to the sum of (i) 4,000 bpd of Products multiplied by the number of days in the period from July 1, 2014 through July 31, 2014 plus (ii) 5,500 bpd of Products multiplied by the number of days in the period from August 1, 2014 through September 30, 2014 and (c) each Contract Quarter ending on or after December 31, 2014, an aggregate amount of throughput capacity equal to 5,500 bpd of Products, multiplied by the number of calendar days in such Contract Quarter.
View Source