Common use of INTERRUPTIBLE MINIMUM ANNUAL VOLUME Clause in Contracts

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.

Appears in 2 contracts

Samples: M5a Contract, M5a Contract

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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 This AIMAV will not be less than the minimum quantity required to qualify for interruptible service under in the M5A M4 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” IDV shall be calculated by multiplying the IDV by the MAV Delivery charge as specified in the Rate M5A M4 Rate Schedule as of the last day of the Contract YearYear . This payment would only apply if the IDV was greater than zero.

Appears in 2 contracts

Samples: M4 Contract, M4 Contract

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