Minimum Quarterly Volume definition

Minimum Quarterly Volume means [***] Gallons of Feedstock Supply per Quarter through April 30, 2020 and [***] Gallons of Feedstock Supply per Quarter thereafter.
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Minimum Quarterly Volume means the aggregate number of Products required to be ordered by Customer in a given Calendar Quarter, as set forth in Appendix E.
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Minimum Quarterly Volume has the meaning set forth in Section 5.1.
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Examples of Minimum Quarterly Volume in a sentence

  • At the end of any Quarter (three (3) consecutive months), if the Shipper has met the Minimum Quarterly Volume Requirement, Carrier will calculate the difference between the rate invoiced under paragraph 3 and the Incentive Rate defined in paragraph 4 multiplied by the actual volume delivered to the defined Destinations from the Single Incentive Rate Origin for Shipper, and Carrier will issue such payment to Shipper the following month after the end of such Quarter.

  • In calculating the adjusted Price for each Product each quarter, the Conversion Costs cannot exceed 125% of the Quarter 4, 2012 Conversion Costs identified on Attachment 1 so long as Buyer has purchased the Minimum Quarterly Volume identified on Attachment 3 (as the information in such attachment is updated from time to time in accordance with the terms of this Agreement) to each Project Agreement for the previous quarter for that Product.

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  • If at the end of any Contract Quarter, the Participating Shipper has not met the Minimum Quarterly Volume Requirement, Carrier will not issue the payment referenced in the immediately preceding sentence to Participating Shipper.

  • For that portion of each Sale which exceeds the applicable Minimum Quarterly Volume in a Calendar Quarter (each, an “Excess Sale”), MPLXFD will issue MPC a credit equal to the Monthly Volumetric Fee associated with each Excess Sale (each, a “Quarterly Deficiency Credit”).

  • If after using commercially reasonable efforts, MPLXFD fails to Sell at least the Minimum Quarterly Volume of Products during any Calendar Quarter, then MPC will pay MPLXFD a deficiency payment (each, a “Deficiency Payment”) equal to the volume in Gallons by which the Minimum Quarterly Volume exceeds the actual Sales for such Calendar Quarter multiplied by the applicable Tiered Fee.

  • No volumes shall be carried forward or backward to meet the Minimum Quarterly Volume Requirement in any other Contract Quarter.

  • In calculating the adjusted Price for each Product each quarter, the Conversion Costs cannot exceed 125% of the Quarter 4, 2012 Conversion Costs identified on Attachment 1 so long as Buyer has purchased the Minimum Quarterly Volume identified on Attachment 1 to each Project Agreement for the previous quarter for that Product.

  • If at the end of any Contract Quarter (as defined in the Commitment Contract), the Participating Shipper has met the Minimum Quarterly Volume Requirement, Carrier will calculate the difference between the rate invoiced and the applicable Incentive Rate defined in paragraph 6 for qualifying volumes (as specified in paragraph 4(a)), and will issue the calculated payment to Participating Shipper.

  • In the event that less than the Minimum Quarterly Volume of Feedstock Supply is delivered into Customer’s Pipeline during a Quarter through no fault of Operator, then for such Quarter Customer shall additionally pay Operator the Shortfall Fee.

Related to Minimum Quarterly Volume

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

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

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • 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.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • 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.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Calendar Year means each successive period of twelve (12) months commencing on January 1 and ending on December 31.

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

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

  • 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.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Sale Price means, with respect to any Aircraft or the Equipment Notes issued in respect of such Aircraft, at any time, in the case of the sale of an Aircraft, 75%, or in the case of the sale of related Equipment Notes, 85%, of the Appraised Current Market Value of such Aircraft.

  • Calendar Week means any period of seven days starting with the same day as the first day of the First Assignment;

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

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

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.