Average daily throughput definition

Average daily throughput means annual throughput of gasoline divided by 312 days per year.
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Average daily throughput. Volume for any applicable Calculation Period shall be subject, at Seller's option, to review by an independent third party to determine whether the Average Daily Throughput Volume for the applicable Calculation Period, as calculated above, was prudent and sustainable. The independent third party reviewer shall be initially designated by Buyer in a written notice to Seller. Such independent third party reviewer designated by Buyer shall be deemed accepted by Seller unless Seller delivers written notice of objection to Buyer within five business days of Seller's receipt of the initial designation notice. If Seller makes a timely objection to Buyer's designation, then each of Buyer and Seller shall promptly appoint its own independent reviewer (the "Designated Reviewers") and these two Designated Reviewers shall together choose another person who alone shall serve as the independent reviewer for purposes hereof. The Buyer and Seller shall each bear 50% of the fees and expenses of the independent reviewer (with each party bearing 100% of any fees and expenses of its Designated Reviewer in the event of a deadlock as described above). Notwithstanding any other provision hereof, for purposes of calculating "Average Daily Throughput Volume" as set forth above, assets or properties which are included within the definitions of the "West Shore Facilities" or the "Basin Facilities" shall be deemed to continue to be included within such definitions regardless of any transfer, sale, conveyance or other disposition of those assets or properties by West Shore or Basin. Cash payments due or shares of Alternate Common Stock or MarkWest Common Stock to be issued or assigned under this Section 2(b) shall be paid, assigned or issued (as applicable) prior to the later of (i) 60 days following the end of the applicable consecutive 150 day period, or (ii) five business days following the completion of the required independent review.
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Examples of Average daily throughput in a sentence

  • Average daily throughput on our natural gas gathering systems increased from 95 MDth/d for the year ended December 31, 2013 to 378 MDth/d for the year ended December 31, 2014, a 298% increase.

  • Average daily throughput (MMcf/d) 33 15 120 % Volume throughput increased compared to the three months ended March 31, 2019, primarily as a result of ongoing drilling and completion activity across our service area.

  • Average daily throughput (MMcf/d) 27 17 13 59 % 31 % Volume throughput in 2019 increased compared to the year ended December 31, 2018, primarily as a result of ongoing drilling and completion activity across our service area partially offset by natural production declines.

  • Average daily throughput (MMcf/d) 19 1 * Financial data for our Permian Basin reportable segment follows.

  • Average daily throughput (MMcf/d) 364 379 (4 %) Volume throughput decreased compared to the three months ended March 31, 2019 primarily due to natural production declines partially offset by additional drilling and completion activities in the third quarter of 2019.

  • Average daily throughput (MMcf/d) 233 260 (10 %) Volume throughput decreased compared to the three months ended March 31, 2019 reflecting natural production declines partially offset by new volumes from well completion activity through the third quarter of 2019.

  • Average daily throughput (MMcf/d) 251 253 267 (1 %) (5 %) Volume throughput decreased slightly compared to the year ended December 31, 2018 reflecting natural production declines partially offset by new volumes from well completion activity throughout 2019.

  • Average daily throughput (MMcf/d) 222 286 (22 %) Volume throughput declined compared to the three months ended March 31, 2019 as a result of natural production declines from existing ▇▇▇▇▇ partially offset by the completion of new ▇▇▇▇▇ throughout 2019 and in the first quarter of 2020, and a more favorable volume and gathering rate mix from customers.

  • Average daily throughput (MMcf/d) 273 359 365 (24 %) (2 %) Volume throughput declined compared to the year ended December 31, 2018 due to natural production declines from existing ▇▇▇▇▇ on pad sites connected to the Summit Utica, partially offset by the completion of new ▇▇▇▇▇ at the end of the fourth quarter of 2018 and throughout 2019.

  • Average daily throughput (MMcf/d) 732 769 766 (5 %) * * Not considered meaningful Volume throughput for the Ohio Gathering system in 2019 decreased compared to the year ended December 31, 2018 as a result of natural production declines on existing ▇▇▇▇▇ on the system, partially offset by the completion of new ▇▇▇▇▇.