Minimum Daily Volume definition

Minimum Daily Volume or “MDV” means the Gathering System MDV or the Re-Delivery System MDV, as applicable.
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Minimum Daily Volume means 581,917.8 gallons of treated water per day, and is determined by dividing the Annual Take-or-Pay-For Volume by 365 days. The Minimum Daily Volume is to be used solely for the purposes of determining (i) the Minimum Monthly Volume used in preparing each monthly ▇▇▇▇ in accordance with subsection 3c below, and (ii) how much to reduce the Annual Take-or-Pay-For Volume and Minimum Monthly Volume pursuant to subsection 3a below.
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Minimum Daily Volume means a volume of gas equal to 10,300 MMBtu which Seller shall be obligated to deliver to Buyer during any one day during the term of this Agreement.
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Examples of Minimum Daily Volume in a sentence

  • For each Transportation Customer under Service Classifications GSL, GSS and RS who are served by Marketer, at least ten (10) days prior to the start of each month, NJNG will inform Marketer of the Minimum Daily Volume which the Marketer will be required to deliver to NJNG's citygate on each day of the month.

  • NJNG will notify Marketer fifteen (15) days before the start of each month if the time period for netting an imbalance with the Minimum Daily Volume is other than for the upcoming month; upon such notice, Marketer must advise NJNG at least seven (7) business days before the start of the month if it disagrees with the time period selected by NJNG.

  • Such Minimum Daily Volume shall be the total of the Minimum Daily Volumes for each such Transportation Customer under Service Classifications GSL, GSS and RS.

  • The Minimum Daily Volume for each day of a month will be the average daily usage for that month as determined by NJNG, less any amounts necessary to correct a positive imbalance, or plus any amounts necessary to correct a negative imbalance under Special Provision 1.b. of MBR Tariff.