Minimum Heavy Crude Throughput Volume definition

Minimum Heavy Crude Throughput Volume means (i) for Contract Quarters prior to August 1, 2025, an aggregate amount of Heavy Crude equal to 5,000 bpd multiplied by the number of calendar days in the Contract Quarter, and (ii) for Contract Quarters beginning on or after August 1, 2025, zero (0) bpd.
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Minimum Heavy Crude Throughput Volume means an aggregate amount of Heavy Crude equal to 5,000 bpd multiplied by the number of calendar days in the Contract Quarter.
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Related to Minimum Heavy Crude Throughput Volume

  • 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.

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

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

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

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