PRELIMINARY ANNUAL VOLUME Sample Clauses

PRELIMINARY ANNUAL VOLUME. For each Contract Year, the Preliminary Annual Volume of NOW shall be the lesser of (i) 33.33% of the total barrels of NOW that Newpark Resources, Inc., a Delaware corporation ("Newpark"), and its Affiliates accept, acquire, take possession of, procure, direct, control or otherwise receive for processing and disposal during the Contract Year in the Covered Region (with the exception of any NOW produced by third-party generators which Newpark or its Affiliates treat and dispose of on the site at which the NOW was generated) and (ii) 1,850,000 barrels of NOW, in each case excluding injectable saltwater.
Sample 1
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Related to PRELIMINARY ANNUAL VOLUME

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