Average Daily Volume definition

Average Daily Volume means, for purposes of Special Rule 26(b), with respect to any new Receipt Point, the average daily volume (in Barrels per Day calculated on an 8/8ths basis) over any consecutive thirty (30) Day period.

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Average Daily Volume shall be computed using the forty (40) trading days prior to the Advance Date.

Average Daily Volume will be determined once at the beginning of each calendar quarter for application during such quarter based on an averaging of the daily volume of sales of Company Common Stock as reported by The NASDAQ Capital Market (provided that if the Company’s Common Stock is not then listed on The NASDAQ Capital Market, as reported by such trading market on which the Common Stock is traded) for each trading day over the 90-trading day period preceding such determination; and (ii) “Average Weekly Volume” is calculated by multiplying the Average Daily Volume by the number of trading days in the calendar week preceding the proposed sale or transfer of Shares.

Examples of Average Daily Volume in a sentence

The number of Shares that may be resold or transferred to the public or through any public securities trading market at any time may not exceed (i) for any one sale or transfer order, twenty-five percent (25%) of the Average Daily Volume; and (ii) for all sales or transfer volume in any calendar week, twenty-five percent (25%) of the Weekly Volume.
Average Daily Volume shall be calculated by dividing the annual volume by 365.
Section 4.4 Company shall not be obligated under any circumstances: (i) to deliver more gas to Customer during any given day or month than it shall have received for the account of Customer during said period; or (ii) to receive or deliver during any given Day a total quantity of gas in excess of the MDWQ or Average Daily Volume as applicable.
Section 4.2 The Maximum Daily Winter Quantity ("MDWQ"), the Maximum Hourly Quantity (“MHQ”) and the Average Daily Volume applicable to services rendered under this Agreement are set forth on Exhibit "A" hereto.
When entering into a new Agreement, an existing customer will not be required to agree to an MDWQ, Average Daily Volume or other quantity- related obligation under this rate schedule that is less than the quantities in effect during the previous Agreement, provided, however, that the quantities sought by the customer were actually experienced during the two-year period preceding the new Agreement.

More Definitions of Average Daily Volume

Average Daily Volume means, for purposes of Item No. 130(b), with respect to any new Receipt Point, the average daily volume (in Barrels per Day calculated on an 8/8ths basis) over any consecutive thirty (30) Day period.

Average Daily Volume means the daily trading volume of the Common Shares, as reported by Bloomberg.

Average Daily Volume means the average of the daily trading volume of the Buyer's Common Stock on the Nasdaq National Market for the 20 trading days preceding the day in question, divided by two to adjust for Nasdaq reporting of both sides of a trade.

Average Daily Volume means the average of a Regular Shipper's daily volumes of crude petroleum transported during the Base Period through the line segment or segments subject to prorationing.

Average Daily Volume means the average of a Regular Shipper's daily volumes of crude petroleum transported during the Base Period through the Spearhead Pipeline .

Average Daily Volume means the average daily number of shares of INVU Common Stock traded on the Applicable Stock Exchange during the concurrent measurement period of ninety (90) consecutive trading days.

Average Daily Volume means, for any period, the sum of (x) the average daily total cumulative gathering volumes measured in MMcf received by, or made available to, KGS and its Affiliates from Seller and its Affiliates during such period, (y) Third Party Volumes for such period and (z) the sum of Unconnected Well Volumes for such period.