Common use of Xxxxxxx Excess Volumes Clause in Contracts

Xxxxxxx Excess Volumes. Annual Xxxxxxx Excess Volumes shall be accumulated as a credit to be used to reduce the Adjusted Xxxxxxx Annual Minimum Volume in future Years as provided herein. Annual Xxxxxxx Excess Volumes shall be used to first reduce the Adjusted Xxxxxxx Annual Minimum Volume in the last Year of the Minimum Volume Period and then once the Adjusted Xxxxxxx Annual Minimum Volume for such Year is completely satisfied from such Annual Xxxxxxx Excess Volumes, any remaining Annual Xxxxxxx Excess Volumes will credited to the Adjusted Xxxxxxx Annual Minimum Volume for the preceding Year or Years.

Appears in 4 contracts

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

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