Minimum Guaranteed Throughput (MGT) definition

Minimum Guaranteed Throughput (MGT) means minimum number or Loaded TEUs for which the Operator is supposed to pay the Annual Variable Revenue at the quoted rate per TEU in accordance with Article 16; Deleted;
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Minimum Guaranteed Throughput (MGT) shall have the meaning ascribed to it in Article 8.16
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Examples of Minimum Guaranteed Throughput (MGT) in a sentence

  • Any decrease / increase in the actual volume of business (measured in terms of TEU) as compared to the Minimum Guaranteed Throughput (MGT) for a quarter shall be adjusted in the subsequent quarter of that respective financial year.

Related to Minimum Guaranteed Throughput (MGT)

  • Maximum Guaranteed Amount means as of the date of determination with respect to a Guarantor, the lesser of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render such Guarantor’s liability under this Guaranty Agreement subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law.

  • Guaranteed Energy Production or “GEP” has the meaning set forth in Section 3.1(e)(ii).

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

  • 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.

  • Guaranteed Amount means the aggregate amount of each Guaranteed Debt that is guaranteed at any time by Partner Guarantors.