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.

Reference volume means the Annual Volume Cap divided by twelve (12);

More Definitions of Reference volume

Reference volume has the meaning set forth in Section 2.10(g).

Reference volume means a volume of milk assigned to each company processing Class

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).