Common use of MDQ After End of Minimum Volume Period Clause in Contracts

MDQ After End of Minimum Volume Period. Effective as of the end of the Minimum Volume Period and continuing until the end of the first full Year following the end of the Minimum Volume Period, the Xxxxxxx Maximum Daily Quantity for each Xxxxxxx Gathering System shall be redetermined to equal **% of the average daily volumes of Producers’ Gas received and gathered hereunder at the Priority 1 Service level on such Xxxxxxx Gathering System in the final 6 Months of the Minimum Volume Period, but such redetermined Xxxxxxx Maximum Daily Quantity shall not exceed the Xxxxxxx Maximum Daily Quantity in effect for such Xxxxxxx Gathering System in the last Month of the Minimum Volume Period. For each Year thereafter, the Xxxxxxx Maximum Daily Quantity for each Xxxxxxx Gathering System shall be to equal **% of the average daily volumes of Producers’ Gas received and gathered hereunder at the Priority 1 Service level on each such Xxxxxxx Gathering System in the prior Year, but such redetermined Xxxxxxx Maximum Daily Quantity shall not exceed the Xxxxxxx Maximum Daily Quantity in effect for such Xxxxxxx Gathering System in the last Month of the Minimum Volume Period.

Appears in 4 contracts

Samples: Barnett Gas Gathering Agreement (Chesapeake Midstream Partners, L.P.), Gas Gathering Agreement (Chesapeake Midstream Partners, L.P.), Barnett Gas Gathering Agreement (Chesapeake Midstream Partners, L.P.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.