Actual Yearly Volume definition

Actual Yearly Volume or “AYV” has the meaning specified in Section 4.2.1;
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Actual Yearly Volume or “AYV” for each Product has the meaning specified in the applicable Product Agreement;
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Actual Yearly Volume or “AYV”) shall be negotiated by the parties and set forth in the individual Product Agreement.
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Examples of Actual Yearly Volume in a sentence

  • But if the Actual Yearly Volume is less than [***] of the Yearly Forecast Volume, [***].


More Definitions of Actual Yearly Volume

Actual Yearly Volume or "AYV" the total Volume supplied in relation to a meter or Supply Point (as the context may require), as calculated by the CMA in accordance with section 2.3 of CSD 0207 (RF Charge Calculation, Allocation & Aggregation); "Additional Service" the carrying out of any activity or providing any service or report by the CMA for a Trading Party or any other party where such activity, service or report is not a requirement of the Market Code or where the Market Code specifies that the CMA may charge a specific charge; "Additional Service Charge" or "ASC" the amount charged for any Additional Service in accordance with Section 7.3.5; "Ad-hoc Run" any ad hoc Settlement Run or runs of the Central Settlement System carried out by the CMA pursuant to Part 9 (Disputes Procedure) or for any other reason; “Adjustment Meter” a notional meter established at a Supply Point for Water Services for the purposes of adjusting metered Volumes for matters such as fire-fighting or burst allowances; "Admission Application" the form specified by the CMA to be used by Applicants who wish to become a party to the Market Code;
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Actual Yearly Volume has the meaning specified in Section 4.2.3;
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Related to Actual Yearly Volume

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Actual Uptime means, of the Total Operation Hours, the aggregate number of hours in any month during which each equipment is actually available for use.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • Actual consumption means the measured consumption by a customer of a municipal service;

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • Actual miles means the actual distance a vehicle has traveled while in operation.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to (x) any limits on the number of shares of Common Stock that may be owned by a Holder at any one time, or (y) any additional Underlying Shares that could be issuable as a result of any future possible adjustments made under Section 9(d).

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Billing Month is defined in Section 9.1(b).

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • relevant year means a year commencing at 00:00 hours on 1 April and ending at 23:59 hours on the following 31 March;

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Preceding year means a period of 12 consecutive months fixed by the division

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.