Annual Minimum Volume definition

Annual Minimum Volume means the product of the minimum daily volume of Crude Petroleum set out in Schedule A to a Priority Service Shipper’s TSA and the number of days in the relevant year.
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Annual Minimum Volume means the aggregate volume of TRANXACT Level 1 ticket transactions performed by TRX for Opodo in the Existing Markets during the 12 months ending 31 December 2004.
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Annual Minimum Volume means the volume of Product that Seller is obligated to make available for harvest from the Property during a Harvest Year. The Annual Minimum Volume for each Harvest Year is set forth on Schedule 4 attached hereto.
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Examples of Annual Minimum Volume in a sentence

  • In this Rate Handbook, the following terms have the meanings set out below: Annual Minimum Volume: The annual minimum volume agreed to by the Applicant, an Applicant’s Gas Marketer or a Gas Marketer acting on behalf of an Applicant under its Rate Schedule or Distribution Service Agreement.

  • If, in a Contract Year, the volume of natural gas taken at the Terminal Location is less than the Contract Demand multiplied by a contractually specified multiple (Annual Minimum Volume), the Applicant will be charged for service related to the Annual Minimum Volume.

  • If, at the request of EGNB, natural gas deliveries to the Terminal Location have been curtailed or discontinued in a Contract Year, the Annual Minimum Volume shall be reduced for each day of Curtailment or discontinuance.

  • If, in a contract year, the volume of natural gas taken at the Terminal Location is less than the Contract Demand multiplied by a contractually specified multiple (Annual Minimum Volume), the Applicant will be charged for service related to the Annual Minimum Volume.

  • 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.

  • Rates set forth in Part I and Part II of this tariff and successive issues thereof will apply to deliveries of motor fuel, jet fuel, distillate and specialty products as defined in Item 112 of any Shipper agreeing in writing to an Annual Minimum Volume Requirement of 3,000,000 barrels for a one (1) year period from Carrier’s Hartford, Illinois Terminal to Carrier’s St. Louis, East St. Louis and Wood River local area deliveries.

  • 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.

  • 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.

  • If Gatherer reasonably believes Producers will not deliver the Xxxxxxx Annual Minimum Volume for the Xxxxxxx Gathering Systems in such Year, Gatherer may require that any advance payment in cash by Producers to Gatherer be in an amount up to the aggregate proceeds due from Producers under Section 7.2 for the prior 2 Month period and that any Acceptable Letter of Credit be in an amount up to the aggregate proceeds paid by Producers under Section 7.2 for the prior 3 Month period.

  • 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.


More Definitions of Annual Minimum Volume

Annual Minimum Volume means the minimum purchase requirements for the Products for each calendar year during the term of this Agreement established via a mechanism of mutual agreement within ninety (90) days after the relevant Approval Date for each Product and thereafter by October 31st of each of the prior year. Distributor shall apply good faith efforts to meet the Annual Minimum Volume. Notwithstanding anything to the contrary in this Agreement, Distributor’s failure to meet the same shall not be a material breach as described in Section 15.01 hereof, but such failure will trigger a requirement by Distributor to purchase the Annual Minimum Volume for the year in question, subject to good faith discussion between the parties. In no event Distributor shall be held liable to Company for any damage, loss or otherwise due to such failure.
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Related to Annual Minimum Volume

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • 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.

  • 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.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Supply Period means for a Supply Point, the period beginning on the Start Date and ending on the Termination Date;

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • 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.

  • 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.

  • 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 Royalty shall have the meaning set forth in Section 7.3.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • 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.

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

  • Service Volume means a measure of Services for which a Performance Target is set.

  • 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).

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

  • 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:

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

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e).

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Minimum Sale Price means, with respect to any Aircraft or the Equipment Notes issued in respect of such Aircraft, at any time, in the case of the sale of an Aircraft, 75%, or in the case of the sale of related Equipment Notes, 85%, of the Appraised Current Market Value of such Aircraft.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.