Minimum Annual Volume definition

Minimum Annual Volume means fifty percent of Customer’s Projected Annual Volume.

Minimum Annual Volume means [***] Gallons of Feedstock Supply for the Contract Year ending July 31, 2020 and [***] Gallons of Feedstock Supply during each Contract Year thereafter.

Minimum Annual Volume has the meaning set forth in Section 7.1. (jj) "Monthly Volume" has the meaning set forth in Section 7.2(a).

Examples of Minimum Annual Volume in a sentence

• If gas deliveries to the Terminal Location have been ordered to be curtailed or discontinued in a contract year at the request of the Company and have been curtailed or discontinued as ordered, the Minimum Annual Volume shall be reduced for each day of curtailment or discontinuance by the excess of the Contract Demand over the volume delivered to the Terminal Location on such day.

• Notwithstanding the foregoing, the Minimum Annual Volume shall be the greater of the Minimum Annual Volume as determined above and 340,000 m³.

• In each Contract Year, the Customer shall consume or, in any event, pay for the Adjusted Firm Minimum Annual Volume (“AFMAV”) as determined in the formula below.

• In each Contract Year, the Customer shall consume or, in any event, pay for the Adjusted Interruptible Minimum Annual Volume (“AIMAV”) as determined in the formula below.

• Page 5 of 9Notwithstanding the foregoing, the Minimum Annual Volume shall be the greater of the Minimum Annual Volume as determined above and 340,000 m³.

More Definitions of Minimum Annual Volume

Minimum Annual Volume means 3,850,000 MMBtu.

Minimum Annual Volume has the meaning given in Section 3.2.

Minimum Annual Volume means the minimum Annual Volume for which Product pricing is provided as shown in Schedule B attached hereto.

Minimum Annual Volume means an annual production of Specified Energy equal to [ ] MWh (85% of the Initial Specified Amounts) for all calendar years during the Delivery Period, prorated for partial calendar years. [Note to bidders: For use with baseload facilities.]

Minimum Annual Volume means the Volume Commitment by Shipper for the shipment of Product from an Origin Point to the Expansion Tariff Delivery Point, multiplied by the number of days in the subject Contract Year, subject to adjustment as set forth in this Agreement.

Minimum Annual Volume means $12,500,000.

Minimum Annual Volume means, with respect to a Minimum Volume Facility, the minimum annual volume applicable thereto determined in accordance with Schedule D;