Reference volume definition

Reference volume means a volume of milk assigned to each company processing Class 2(a) or Class 3(a) for the purpose of the administration of this Policy.
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Reference volume. For any Exchange Business Day during the Calculation Period, equal to the number of Shares for which Dealer (or its affiliates) has reasonably established its initial Hedge Positions for the applicable Transaction on such Exchange Business Day, subject to “Target Volume” set forth in the applicable Supplemental Confirmation. Cumulative Reference Volume: For any day, the cumulative Reference Volume during the Calculation Period at the close of trading on the Exchange on such day.
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Reference volume means the Annual Volume Cap divided by twelve (12);
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Examples of Reference volume in a sentence

  • Collateral is reported on 85 percent of credit relationships and we observe that almost half of the lending is fully collateralized.

  • The Price Average Reference volume (PAR) is the volume of most expensive balancing actions which are averaged to calculate the main cash-out price.

  • Reference volume tanks, and pipe provers, have their volume defined at a stated reference temperature (and pressure).

  • Any growth in first use Reference volume for SNF above and beyond any growth in butterfat requirements will be provided either through the Skim Milk Redirection Program or, if applicable, from the Quota Exempt surplus skim milk available within the same Company from the Class 2 on-demand entitlements for ice cream.

  • Reference volume (VREF) was calculated from thewet ventricular mass by applying the density of the myocardium 1.06 g/cm3 (Bru¨ el and Nyengaard, 2005).

  • A Reference volume (blank) containing the same amount of distilled water should be kept open and the load-probe placed in the blank bottle.

  • In turn, Respondent has sought, in good faith, a workable purchase ICC Case No. 23464/MKTerms of Reference volume for the coming year given that Claimant’s pricing has imposed a cost-prohibitive price on its products relative to competitor products in the market.

  • Thereafter, the potential access to additional milk supplies available from the P5 Growth Reserve will be re-established at the beginning of each dairy year and limited to the actual net growth above the Reference volume realized in the preceding dairy year plus the greater of 3 million litres or 5 per cent of the Company’s Reference volume for the current dairy year.

  • Monthly growth requirements for each Company will be determined based on the greater of the growth above the first use Reference volume or the milk equivalent growth in butterfat requirements.

  • Cumulative distribution of stellar masses for all FLARES regions combined (solid) and the fiducial EAGLE Reference volume (dashed).‌ studies have found that a double Schechter function can better fit the full distribution (e.g. the GAMA survey; Baldry, Glazebrook & Driver 2008), ,φ(M) d log10 M = ln(10) e−M/M∗× φ1∗M α1 +1M∗+ φ2∗, M ,α2 +1 ∗M .


More Definitions of Reference volume

Reference volume means, in respect of each Energy Month, the volume established as such in accordance with Paragraph 11 of the Appendix to the Customer’s Supply Contract or Paragraph 10 of the Appendix to the Customer’s Flexible PPA Contract (as the case may be).
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Reference volume has the meaning set forth in Section 2.10(g).
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Related to Reference volume

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

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

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

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Average Daily Trading Volume means, with respect to any date, the average of the daily trading volumes for the Class A Common Stock on the Principal Trading Facility for the thirty (30) Trading Days immediately preceding such date.

  • Reference Tariff means an access charge (including any system premium) applicable to a specified Reference Train Service over a specified part of the Infrastructure as specified in QR Network’s Access Undertaking;

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • 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.

  • 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.

  • Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above.

  • 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).

  • 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.

  • Relevant Reference Price means the Reference Price on the Final Valuation Date. "Security Holder" means the holder of a Security.

  • Maximum contaminant level (MCL) means the maximum permissible level of a contaminant in water which is delivered to any user of a public water system.

  • Reference Index means each of the indices comprising the Reference Portfolio.

  • Reference Year shall have the meaning given it in the Summary.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Reference Market Price initially means $______ (which is an amount equal to _____% of the reported last sale price for Common Stock on ____________, 1999), and in the event of any adjustment of the Conversion Price other than as a result of a Non-Stock Fundamental Change, the Reference Market Price shall also be adjusted so that the ratio of the Reference Market Price to the Conversion Price after giving effect to any such adjustment shall always be the same as the ratio of the initial Reference Market Price to the initial Conversion Price of the Debentures.

  • Index Component means those securities, assets or reference values of which the Index is comprised from time to time.

  • Reference Day means each Business Day in the relevant Interest Period, other than any Business Day in the Lock-out Period;

  • Weighted Average Quotation means, in accordance with the Quotation Method, the weighted average of firm quotations obtained from Dealers at the Valuation Time, to the extent reasonably practicable, each for an amount of the Reference Obligation with an outstanding principal balance (which, for the avoidance of doubt, shall exclude any amounts of capitalised interest) of as large a size as available but less than the Quotation Amount (but of a size equal to the Minimum Quotation Amount or, if quotations of a size equal to the Minimum Quotation Amount are not available, quotations as near in size as practicable to the Minimum Quotation Amount) that in the aggregate are approximately equal to the Quotation Amount and Section 7.11 of the Credit Definitions shall be amended accordingly.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • HICP Daily Inflation Reference Index means (i) in relation to the first day of any given calendar month, the HICP Monthly Reference Index of the third calendar month preceding such month, and (ii) in relation to a day D (other than the first day) in any given month ("M"), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third calendar month preceding such month ("M – 3") and the second calendar month preceding such month ("M – 2") calculated in accordance with the following formula:

  • Adjusted One Month LIBOR Rate means, an interest rate per annum equal to the sum of (i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day); provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the Screen Rate at approximately 11:00 a.m. London time on such day.