Monthly Minimum Quantity definition

Monthly Minimum Quantity means (i) for any month during the Start-up Period, the volume of Renewable Hydrocarbons that Seller reasonably believes can be produced at the Facility; [**], and (ii) for any month during the Delivery Term, [**] of the Target Monthly Quantity for such month.

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Monthly Minimum Quantity means [*****].

Monthly Minimum Quantity means, with respect to a Contract Month, 46,000,000 Pounds of PGP; provided, however, if on the Expansion Notice Effective Date (if it occurs) the PDH II Effective Date has not yet occurred, then beginning on the Expansion Notice Effective Date (if it occurs) and continuing until the PDH II Effective Date, the Monthly Minimum Quantity shall be 53,000,000 Pounds of PGP; after the PDH II Effective Date occurs, the Monthly Minimum Quantity shall revert to 46,000,000 Pounds of PGP; provided further, however, notwithstanding the foregoing, during the period (x) from the Effective Date until the Expansion Notice Effective Date (if it occurs), Purchaser may elect, in its sole discretion, for the Monthly Minimum Quantity to be 30,00,000 Pounds of PGP for a maximum of 2 Contract Months during any Contract Year, and (y) from and after the Expansion Notice Effective Date (if it occurs) until the end of the Term, Purchaser may elect, in its sole discretion, for the Monthly Minimum Quantity to be 26,000,000 Pounds of PGP for a maximum of 2 Contract Months during any Contract Year. If the Expansion Notice Effective Date does not occur because Purchaser does not timely provide an Expansion Notice to Enterprise, the Monthly Minimum Quantity will remain at 46,000,000 Pounds for the entirety of the Term, and may be reduced pursuant to (x) above. 1.32 “▇▇▇▇▇’▇” shall mean ▇▇▇▇▇’▇ Investor Service. 1.33 “Nominated Quantity” shall have the meaning set forth in Section 5.1. 1.34 “Off-Spec Product” shall have the meaning set forth in Section 11.1. 1.35 “Original Index” shall have the meaning set forth in Section 4.2. 1.36 “Party” shall mean each of Enterprise or Purchaser. 1.37 “Parties” shall mean, collectively, Enterprise and Purchaser. 1.38 “Payment Cure Period” shall have the meaning set forth in Section 5.6(a). 1.39 “PDH II Effective Date” shall have the meaning given such term in the PDH II Sales Agreement. 1.40 “PDH II Sales Agreement” shall mean that certain Polymer Grade Propylene Purchase and Sales Agreement (PDH II) dated as of April 1, 2021 by and between Enterprise and Purchaser. 1.41 “Person” shall mean any natural person, corporation, company, partnership, general partnership, limited partnership, limited liability company, joint venture, trust, estate, business trust, or other form of incorporated or unincorporated organization, Governmental Authority or any other entity. 1.42 “PGP” shall mean polymer grade propylene meeting the PGP Specifications. 1.43 “PGP Pric...

Examples of Monthly Minimum Quantity in a sentence

• The newly established ADT NA Group Insurance Plans shall be substantially similar to the Tyco Group Insurance Plans.

• All Replacement Hydrocarbons delivered shall count towards Gevo’s obligations to deliver an amount on a monthly basis at least equal to the applicable Monthly Minimum Quantity.

• During scheduled maintenance for which Kolmar is given less than one-hundred-eighty (180) Days’ notice, Gevo shall remain obligated to tender the Monthly Minimum Quantity of Renewable Hydrocarbons each month, but Kolmar shall use commercially reasonable efforts to accommodate such maintenance and mitigate any damages associated with a failure to tender the Monthly Minimum Quantity in any month so affected due to scheduled maintenance of which Kolmar has notice.

• The Monthly Minimum Quantity and Monthly Maximum Quantity for each month during such quarter will be set based on: [XXX].

• Effective January 1, 2009, the Monthly Minimum Quantity shall not be less than 6,250 tons per month for the first 12 months of this Agreement, 9,375 tons per month for the second 12 months of this Agreement, and 12,500 tons per month for each 12 months thereafter.

• During such periods of scheduled maintenance for which Kolmar has at least one hundred-eighty (180) Days’ notice, Gevo’s obligations to tender the Monthly Minimum Quantity of Renewable Hydrocarbons and Kolmar’s obligations to take Renewable Hydrocarbons shall be reduced to the extent Gevo is unable to produce such Monthly Minimum Quantity of Renewable Hydrocarbons due to such scheduled maintenance.

• Unless such failure is due to a Force Majeure Event or a Kolmar requested change in the Production Split (subject to the limit on duration set forth in Section 3.1(b) above), commencing on the Mechanical Completion Date and during each month of the Start-up Period or Delivery Term if Gevo fails to tender a quantity of Renewable Hydrocarbons in any given month at least equal to [*****] of the Monthly Minimum Quantity, Kolmar shall provide written notice of such failure to Gevo.

• As part of the annual review, the City will determine and advise DSYSA of the feasibility of decreasing or eliminating the Monthly Minimum Quantity to reflect the City’s total demonstrated firm reclaimed water demand.

• DSYSA agrees to pay for the volume of reclaimed water represented by Monthly Minimum Quantity for each calendar month, or such greater amount of reclaimed water consumed by DSYSA during the calendar month.

• DSYSA will not be required to pay for more than the amount of reclaimed water consumed by DSYSA during a calendar month if, due to circumstances beyond DSYSA’s control such as an interruption in water service or extreme rainfall, it would be unreasonable to consume the Monthly Minimum Quantity during the calendar month and DSYSA complied with its duty to mitigate under section 4.

More Definitions of Monthly Minimum Quantity

Monthly Minimum Quantity for a Month means the Daily Minimum Quantity multiplied by the number of Days in that Month.

Monthly Minimum Quantity shall be determined as provided in Section 4.1.1.

Monthly Minimum Quantity means, for any calendar month in the Delivery Term, the product of (a) the Monthly Average Load Forecast for such month and (b) the number of hours in such month.