Minimum Monthly Volume definition

Minimum Monthly Volume means Xxxxxxx's daily Volume Commitment multiplied by the number of days in the subject Contract Month. The total volume credited toward the Minimum Monthly Volume shall be comprised of the volume of Products shipped by Shipper from an Origin Point to the Expansion Tariff Delivery Point. The Minimum Monthly Volume shall be subject to adjustment as set forth in this Agreement.
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Minimum Monthly Volume means [***] Gallons of Product.
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Minimum Monthly Volume as herein used means the product of the minimum daily volume of Product set out in Schedule A to a Priority Service Shipper’s TSA and the number of days in the relevant month.
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Examples of Minimum Monthly Volume in a sentence

  • You must meet the minimum monthly volume collection set out in Item 14 of the Details at all times (Minimum Monthly Volume Collection).

  • You must meet the minimum monthly volume collection set out in Item 9 of the Details at all times (Minimum Monthly Volume Collection).

  • In an effort to keep the ever-increasing cost of milk cartage at reasonable levels, the Minimum Monthly Volume for collection of milk is as follows: Litres on Skip a day basis Minimum litres monthly supply Collection fee 1300 20,000 -$50.00 (per pick up) Please note: If a xxxxxx fails to meet the Minimum Monthly Volume after one month, they will first be informed in writing to allow the xxxxxx to rectify the issue.

  • These include (i) reducing the gathering fee commencing January 1, 2017 and adding a FERC indexing mechanism, (ii) changing the maturity date to March 1, 2030, (iii) deleting the Minimum Monthly Volume and Deficiency Charge mechanism, and (iv) adding explicit acreage dedication language.

  • A $5.00 management fee will be assessed when Customer’s account bills forless than the Minimum Monthly Volume Commitment set forth in the Request for Services.

  • If SHIPPER’s right under this Agreement to ship on the River Rouge Pipeline System during any Month is prorated under the terms and conditions of the applicable and valid Laws related to common carrier pipelines or the terms and provisions of the Tariff, then the Minimum Monthly Volume Requirement used in calculating any Deficiency Payment obligations for such Month shall be reduced by the number of Barrels prorated when such proration was in effect during the Month.

  • SHIPPER and CARRIER desire to enter into an arrangement under the terms of which SHIPPER will agree to utilize the River Rouge Pipeline System to transport and guarantee a minimum volume of Product throughput according to CARRIER’s tariff specifications and to make a Deficiency Payment each Month that the Minimum Monthly Volume Requirement is not satisfied.

  • If SHIPPER’s right under this Agreement to ship on the BP2 Pipeline System during any Month is prorated under the terms and conditions of the applicable and valid Laws related to common carrier pipelines or the terms and provisions of the Tariff, then the Minimum Monthly Volume Requirement used in calculating any Deficiency Payment obligations for such Month shall be reduced by the number of Barrels prorated when such proration was in effect during the Month.

  • SHIPPER and CARRIER desire to enter into an arrangement under the terms of which SHIPPER will agree to utilize the D-B Pipeline System to transport and guarantee a minimum volume of Product throughput according to CARRIER’s tariff specifications and to make a Deficiency Payment each Month that the Minimum Monthly Volume Requirement is not satisfied.

  • SHIPPER and CARRIER desire to enter into an arrangement under the terms of which SHIPPER will agree to utilize the BP2 Pipeline System to transport and guarantee a minimum volume of Product throughput according to CARRIER’s tariff specifications and to make a Deficiency Payment each Month that the Minimum Monthly Volume Requirement is not satisfied.


More Definitions of Minimum Monthly Volume

Minimum Monthly Volume means the minimum number of gallons of treated water per day for a given billing month that Manassas Park must purchase, and is determined by multiplying the Minimum Daily Volume by the number of days in a given billing month. The Minimum Monthly Volume is to be used solely for the purpose of determining the minimum amount of each monthly xxxx.
Sample 1
Minimum Monthly Volume means the minimum quantity of Fuel to be delivered each month, as stated in the relevant Fuel Supply Offer. 1.3 All other terms have the same meaning ascribed in the General Conditions.
Sample 1
Minimum Monthly Volume means the minimum quantity of Fuel to be delivered each month, as stated in the relevant Fuel Supply Offer. 1.3 All other terms have the same meaning ascribed in the General Conditions.2. Applicable Terms for PAYG Fuel Supply 2.1 Subject to the terms of the relevant Fuel Supply Agreement, the Customer may request that Strike carry out Fuel Supply Works by delivering PAYG Fuel Supply to the Site. 2.2 Without limiting anything in a Fuel Supply Agreement, the Customer shall pay to Strike the Charges for the Fuel Supply Works carried out under these PAYG Fuel Supply Conditions.2.3 Upon delivery of the Fuel, the risk in the Fuel will pass to the Customer. 2.4 If the total measured volume of Fuel which is delivered in a month is less than 60% of the Minimum Monthly Volume (Shortfall), Strike may, in its sole discretion, invoice for, and the Customer must pay to Strike, an amount an amount equal to 1 cent per litre for each litre difference between the total measured volume of Fuel which is delivered in the month and the Minimum Monthly Volume (Shortfall Payment). The Customer acknowledges and agrees that the Shortfall Payment is a genuine pre-estimate of the loss which Strike will suffer in the event that the Minimum Monthly Volume of Fuel is not delivered.2.5 Any unused Fuel delivered remains the property of Strike and may be recovered by Strike at the end of the Term, or the earlier termination of the Fuel Supply Agreement. 2.6 Without limiting anything in a Fuel Supply Agreement, if the Customer fails to pay any amount due and payable to Strike for PAYG Fuel Supply, Strike may, in its sole discretion, recover the unpaid Fuel from the Customer, and the Customer shall pay Strike for its costs incurred in recovering the unpaid Fuel. 2.7 Without limiting anything in a Fuel Supply Agreement, the Customer indemnifies Strike for any costs, losses, damages or expenses suffered or incurred by Strike (including third party claims) arising from any damage, alteration or contamination of the recovered Fuel. 2.8 The parties may agree that other customers or contractors (of Strike or of the Customer) may request access to Fuel delivered by Strike to the Customer on a PAYG Fuel Supply basis. Strike may, in its sole discretion, grant or reject the request by the other customers or contractors. If Strike grants permission for other customers to access Fuel delivered to the Customer on a PAYG Fuel Supply basis, the Customer will not be held liable by Strike for any unpaid Fuel...
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Related to Minimum Monthly Volume

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

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

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

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

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

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Billing Month is defined in Section 9.1(b).

  • Monthly Average Subscriber Level means the average number of Subscribers of the Licensee in a particular month, as set forth in the applicable month’s Subscriber Report (refer Schedule D).

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • 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.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e).

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions. Member:

  • Volume Weighted Average Price for any security as of any date means the volume weighted average sale price on The NASDAQ Global Market (“NASDAQ”) as reported by, or based upon data reported by, Bloomberg Financial Markets or an equivalent, reliable reporting service mutually acceptable to and hereafter designated by holders of a majority in interest of the Warrants and the Company (“Bloomberg”) or, if NASDAQ is not the principal trading market for such security, the volume weighted average sale price of such security on the principal securities exchange or trading market where such security is listed or traded as reported by Bloomberg, or, if no volume weighted average sale price is reported for such security, then the last closing trade price of such security as reported by Bloomberg, or, if no last closing trade price is reported for such security by Bloomberg, the average of the bid prices of any market makers for such security that are listed in the over the counter market by the Financial Industry Regulatory Authority, Inc. or in the “pink sheets” by the Pink OTC Market, Inc, or in the Over-The-Counter Bulletin Board (“OTCBB”). If the Volume Weighted Average Price cannot be calculated for such security on such date in the manner provided above, the volume weighted average price shall be the fair market value as mutually determined by the Company and the Holders of a majority in interest of the Warrants being Exercised for which the calculation of the volume weighted average price is required in order to determine the Exercise Price of such Warrants. “Trading Day” shall mean any day on which the Common Stock is traded for any period on the OTCBB, NASDAQ, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood and acknowledged that the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood and acknowledged that the holding period for the Common Stock issuable upon Exercise of this Warrant in a Cashless Exercise transaction shall be deemed to have commenced on the date this Warrant was issued.