INTERRUPTIBLE MINIMUM ANNUAL VOLUME Sample Clauses

INTERRUPTIBLE MINIMUM ANNUAL VOLUME. In each Contract Year, the Customer shall consume or, in any event, pay for the Adjusted Interruptible Minimum Annual Volume (“AIMAV”) as determined in the formula below. The AIMAV will not be less than the minimum quantity required to qualify for interruptible service under the M5A Rate Schedule. The interruptible quantity not consumed in any Contract Year (the "Interruptible Deficiency Volume") (“IDV”) shall be determined in the formula below. AIMAV = IMAV – (CDI x (DI) IDV = AIMAV – (IV – I) Where: IMAV = Interruptible Minimum Annual Volume (as identified in Schedule 1) CDI = Interruptible Contract Demand DI = number of days of interruption in the Contract Year IV = total interruptible volume taken in the Contract Year I = volumes delivered to the Points of Consumption during an interruption The payment required for the “IDV” shall be calculated by multiplying the IDV by the MAV Delivery charge as specified in the Rate M5A Rate Schedule as of the last day of the Contract Year. This payment would only apply if the IDV was greater than zero.
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INTERRUPTIBLE MINIMUM ANNUAL VOLUME. In each Contract Year, the Customer shall consume or, in any event, pay for the Adjusted Interruptible Minimum Annual Volume (“AIMAV”) as determined in the formula below. The interruptible quantity not consumed in any Contract Year (the "Interruptible Deficiency Volume") (“IDV”) shall be determined in the formula below. Where:
Sample 1
INTERRUPTIBLE MINIMUM ANNUAL VOLUME. In each Contract Year, the Customer shall consume or, in any event, pay for the Adjusted Interruptible Minimum Annual Volume (“AIMAV”) as determined in the formula below. The interruptible quantity not consumed in any Contract Year (the "Interruptible Deficiency Volume") ( “IDV”) shall be determined in the formula below. AIMAV = IMAV x [(U – DI) / U] IDV = AIMAV - (IV – I) Where:I = Interruptible Minimum Annual Volume (as identified in Schedule 1) U = number of days in the Contract Year DI = number of days of interruption in the Contract Year IV = total interruptible volume taken in the Contract Year I = volume delivered to point of consumption during an interruption The payment required for the IDV shall be calculated by multiplying IDV by the Monthly Interruptible Delivery Commodity Charge as of the last day of the Contract Year. This payment would only apply if the IDV was greater than zero.
Sample 1

Related to INTERRUPTIBLE MINIMUM ANNUAL VOLUME

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • MINIMUM SHIFT 10.01 No employee shall be scheduled to work for less than three (3) hours in any one (1) shift. If no work or insufficient work is available, said employee shall nevertheless be paid for the full three (3) hours at their appropriate hourly rate of pay.

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  • Minimum Term Each Service will continue for its specified Minimum Term and thereafter for any Renewal Term(s) unless notice to terminate the Service is given in accordance with this Agreement.

  • Minimum Shipping Requirements for TIPS Sales Vendor shall ship, deliver, or provide ordered goods and services within a commercially reasonable time after acceptance of the order. If a delay in delivery is anticipated, Vendor shall notify the TIPS Member as to why delivery is delayed and provide an updated estimated time for completion. The TIPS Member may cancel the order if the delay is not commercially acceptable or not consistent with the Supplemental Agreement applicable to the order.

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