Adjusted Xxxxxxx Annual Minimum Volume definition

Adjusted Xxxxxxx Annual Minimum Volume is defined in Section 4(d) of Exhibit A.
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Adjusted Xxxxxxx Annual Minimum Volume shall be determined for each Year in the Minimum Volume Period, solely for purposes of the calculation under Section 4(b) above, as follows: for each such Year the Xxxxxxx Annual Minimum Volume, as shown in Schedule 7, shall be (i) decreased by (w) volumes of Producers’ Gas not delivered in such Year that are attributable to Xxxxxxx Delayed Connections, (x) any Force Majeure Volumes or Maintenance Suspension Volumes not delivered in such Year, (y) the Annual Xxxxxxx Excess Volumes, if any, that are applicable to such Year as provided in Section 4(c) above; and (z) upon any termination of Gatherer’s rights to operate the DFW Gathering System under Section 12.14 of the CHK Agreement, 25% of the remaining DFW PDP Volumes that would have been produced in such Year, and (ii) increased by (x) the volumes of Producers’ Gas attributable to Xxxxxxx Delayed Connections that are connected to a Xxxxxxx Gathering System in such Year, (y) the Force Majeure Volumes credited under clause (i)(y) above after resumption of deliveries on the affected Xxxxxxx Gathering System, and (z) in the last Year of the Minimum Volume Period, any MVC Additional Volume Xxxxx Amount.
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Adjusted Xxxxxxx Annual Minimum Volume. (a) as to the Total Parties has the meaning provided in the Total Agreement and (b) as to the CHK Parties has the meaning provided in the CHK Agreement.
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Examples of Adjusted Xxxxxxx Annual Minimum Volume in a sentence

  • Annual Xxxxxxx Excess Volumes shall be used to first reduce the Adjusted Xxxxxxx Annual Minimum Volume in the last Year of the Minimum Volume Period and then once the Adjusted Xxxxxxx Annual Minimum Volume for such Year is completely satisfied from such Annual Xxxxxxx Excess Volumes, any remaining Annual Xxxxxxx Excess Volumes will credited to the Adjusted Xxxxxxx Annual Minimum Volume for the preceding Year or Years.

  • Adjusted Xxxxxxx Annual Minimum Volume may be increased in the last year for any MVC Additional Volume Xxxxx Amount under 5(b)(6).

  • Producers commit and agree to deliver to Gatherer for gathering on the Xxxxxxx Gathering Systems in each Year during the Minimum Volume Period no less than the Adjusted Xxxxxxx Annual Minimum Volume for each such Year.

  • Once determined, the MVC Additional Volume Xxxxx Amount shall be included in the determination of the Adjusted Xxxxxxx Annual Minimum Volume as provided in Section 4(d) of Exhibit A in the last Year of the Xxxxxxx Annual Minimum Volume Period.

  • Annual Xxxxxxx Excess Volumes shall be accumulated as a credit to be used to reduce the Adjusted Xxxxxxx Annual Minimum Volume in future Years as provided herein.

  • The volumes attributable to any such well or pad shall not be included in the calculation of the Adjusted Xxxxxxx Annual Minimum Volume if Gatherer fails to complete the connection of such well or pad by such date.

  • Volumes of Gas received in the Xxxxxxx Gathering Systems under a Separate GGA shall be applied to the Adjusted Xxxxxxx Annual Minimum Volume to the extent that (i) such volumes would have constituted Producers’ Gas or MV Mitigation Gas if the Xxxxxxx Dedicated Properties covered by such Separate GGA had continued to be owned by Producers or their Affiliates and (ii) the Adjusted Xxxxxxx Annual Minimum Volume has not otherwise been reduced to reflect volumes delivered under such Separate GGA.

  • If the release of any pad occurs after such pad has become a Xxxxxxx Delayed Connection and any volumes of Producers Gas that would have been delivered from such Xxxxxxx Delayed Connection have been included in the Adjusted Xxxxxxx Annual Minimum Volume under Section 4(d) of this Exhibit A, then the Parties shall reverse all of such adjustment as soon as practicable after the related Pad Notice.

  • No increase or decrease in the Adjusted Xxxxxxx Annual Minimum Volume hereunder for a Year will cause an increase or decrease in the Xxxxxxx Maximum Daily Quantity for such Year.

  • The Parties acknowledge and agree that the volumes shown for Year 2010 in Schedule A7 (the second Year of the Minimum Volume Period) include the deficit volumes required under Section 4(b) of Exhibit A to be carried forward to Year 2010 from Year 2009 and added to the Adjusted Xxxxxxx Annual Minimum Volume for Year 2010.

Related to Adjusted Xxxxxxx Annual Minimum Volume

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Average annual payroll means the average of the annual

  • Average Annual Compensation For the purposes of this Agreement, “Average Annual Compensation” shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions. Member:

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to (x) any limits on the number of shares of Common Stock that may be owned by a Holder at any one time, or (y) any additional Underlying Shares that could be issuable as a result of any future possible adjustments made under Section 9(d).

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.