Annual Minimum Volume definition

Annual Minimum Volume means the product of the minimum daily volume of Crude Petroleum set out in Schedule A to a Priority Service Shipper’s TSA and the number of days in the relevant year.
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Annual Minimum Volume means the aggregate volume of TRANXACT Level 1 ticket transactions performed by TRX for Opodo in the Existing Markets during the 12 months ending 31 December 2004.
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Annual Minimum Volume means the volume of Product that Seller is obligated to make available for harvest from the Property during a Harvest Year. The Annual Minimum Volume for each Harvest Year is set forth on Schedule 4 attached hereto.
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Examples of Annual Minimum Volume in a sentence

  • In this Rate Handbook, the following terms have the meanings set out below: Annual Minimum Volume: The annual minimum volume agreed to by the Applicant, an Applicant’s Gas Marketer or a Gas Marketer acting on behalf of an Applicant under its Rate Schedule or Distribution Service Agreement.

  • If, in a Contract Year, the volume of natural gas taken at the Terminal Location is less than the Contract Demand multiplied by a contractually specified multiple (Annual Minimum Volume), the Applicant will be charged for service related to the Annual Minimum Volume.

  • If, at the request of EGNB, natural gas deliveries to the Terminal Location have been curtailed or discontinued in a Contract Year, the Annual Minimum Volume shall be reduced for each day of Curtailment or discontinuance.

  • If, in a contract year, the volume of natural gas taken at the Terminal Location is less than the Contract Demand multiplied by a contractually specified multiple (Annual Minimum Volume), the Applicant will be charged for service related to the Annual Minimum Volume.

  • Once determined, the MVC Additional Volume Xxxxx Amount shall be included in the determination of the Adjusted Xxxxxxx Annual Minimum Volume as provided in Section 4(d) of Exhibit A in the last Year of the Xxxxxxx Annual Minimum Volume Period.

  • If the release of any pad occurs after such pad has become a Xxxxxxx Delayed Connection and any volumes of Producers Gas that would have been delivered from such Xxxxxxx Delayed Connection have been included in the Adjusted Xxxxxxx Annual Minimum Volume under Section 4(d) of this Exhibit A, then the Parties shall reverse all of such adjustment as soon as practicable after the related Pad Notice.

  • The volumes attributable to any such well or pad shall not be included in the calculation of the Adjusted Xxxxxxx Annual Minimum Volume if Gatherer fails to complete the connection of such well or pad by such date.

  • The Parties agree that the restoration or replacement of such services shall not result in an increase in the Maximum Daily Quantity for the Xxxxxxx Central Gathering System or an increase in the Xxxxxxx Annual Minimum Volume.

  • 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.

  • Adjusted Xxxxxxx Annual Minimum Volume may be increased in the last year for any MVC Additional Volume Xxxxx Amount under 5(b)(6).


More Definitions of Annual Minimum Volume

Annual Minimum Volume means the minimum purchase requirements for the Products for each calendar year during the term of this Agreement established via a mechanism of mutual agreement within ninety (90) days after the relevant Approval Date for each Product and thereafter by October 31st of each of the prior year. Distributor shall apply good faith efforts to meet the Annual Minimum Volume. Notwithstanding anything to the contrary in this Agreement, Distributor’s failure to meet the same shall not be a material breach as described in Section 15.01 hereof, but such failure will trigger a requirement by Distributor to purchase the Annual Minimum Volume for the year in question subject to good faith discussion between the parties. In no event Distributor shall be held liable to Company for any damage, loss or otherwise due to such failure.
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Related to Annual Minimum Volume

  • 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.

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

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Minimum Sale Price means (i) with respect to a Receivable (x) that has become 60 to 210 days delinquent or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has been repossessed by the Servicer and has not yet been sold at auction, the greater of (A) 55% multiplied by the Principal Balance of such Receivable and (B) the product of the three month rolling average recovery rate (expressed as a percentage) for the Servicer in its liquidation of all receivables for which it acts as servicer, either pursuant to this Agreement or otherwise, multiplied by the Principal Balance of such Receivable or (ii) with respect to a Receivable (x) with respect to which the related Financed Vehicle has been repossessed by the Servicer and has been sold at auction and the Net Liquidation Proceeds for which have been deposited in the Collection Account, or (y) that has become greater than 210 days delinquent and with respect to which the related Financed Vehicle has not been repossessed by the Servicer despite the Servicer’s diligent efforts, consistent with its servicing obligations, to repossess the Financed Vehicle, $1.