Minimum Volume Tolerance definition
Minimum Volume Tolerance means 75% unless otherwise stated with reference to the MCC in the Contract Details or Renewal Details (as the case may be).
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Related to Minimum Volume Tolerance
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.
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.
Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;
Service Volume means a measure of Services for which a Performance Target is set.
Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;