Average Monthly Volume definition

Average Monthly Volume means (a) for shippers other than Committed Shippers, the average of a Regular Shipper’s monthly volumes of Crude Petroleum tendered during the entire Base Period subject to prorationing, and (b) for Committed Shippers, the greater of (i) the average of a Committed Shipper’s monthly volumes of Crude Petroleum tendered during the entire Base Period subject to prorationing (or such portion of such average monthly volumes as shall not result in an allocation to another Committed Shipper under step (b)(ii) below that reduces such other Committed Shipper below its Committed Volume for the allocation period), and (ii) the Committed Shipper’s Committed Volume applicable to the month of prorationing (including as the same may be reduced pursuant to a Committed Shipper’s TSA). Provided, however, from and after the termination of any Committed Shipper’s TSA with respect to the 2019 Incremental Capacity for such Committed Shippers, and from and after the date on which Carrier no longer offers transportation service on the 2019 Incremental Capacity for all other Shippers, the Average Monthly Volume shall not take into account any Regular Shipper’s monthly volumes of Crude Petroleum tendered during the Base Period that were transported utilizing the 2019 Incremental Capacity.

Average Monthly Volume means the amount of motor fuel dispensed per month from a gasoline dispensing facility based upon a monthly average for a two (2) year period from November 1990 through October 1992, or, if not available, the monthly average for the most recent twelve (12) calendar months. Monthly averages shall include only those months when the facility was operating.

Average Monthly Volume means (a) for Shippers other than Committed Shippers, the average of their Actual Shipments, in the Available Capacity up to the Historical Ceiling, during the entire Base Period, and

Examples of Average Monthly Volume in a sentence

• Ninety percent (90%) of the Available Capacity that is Pre-Existing Capacity will be allocated by the Carrier to all Shippers that qualify as Regular Shippers with respect to the Pre-Existing Capacity proportionately based on the lesser of each such Regular Shipper’s Average Monthly Volume with respect to the Pre-Existing Capacity or its tendered volume.

• The column header is correctly identified as Average Monthly Volume, not Dollars as the question indicates.

• Each Historical Shipper shall be allocated an amount equal to one hundred (100) percent of its Average Monthly Volume Percentage multiplied by the Capacity Available to Historical Shippers, rounded to the nearest Barrel, for the line segment being prorated, with the total of all Historical Shippers’ allocations not exceeding ninety-five (95) percent of the total Available Capacity not allocated through the application of Items 70(b)(i), (ii) and (iii) for the line segment being prorated.

• Any party that is not a Historical Shipper (including a New Shipper) that acquires a Historical Shipper may retain that Historical Shipper’s Average Monthly Volume Percentage, but may not increase that Average Monthly Volume Percentage by virtue of such acquiring party’s own previous history.

• If the circumstances described in Item 70(f) occur, Carrier may, by written designation, issued in Carrier's sole discretion, exclude such month from the Base Period under this Item 70 for purposes of determining the Average Monthly Volume Percentage of any Historical Shipper.

More Definitions of Average Monthly Volume

Average Monthly Volume means (a) for Shippers other than Committed Shippers, the average of their Actual Shipments, in the Available Capacity up to the Historical Ceiling, during the entire Base Period, and (b) for Committed Shippers, the greater of (i) the average of a Committed Shipper’s Actual Shipments, in the Available Capacity up to the Historical Ceiling, during the entire Base Period (or such portion of such Actual Shipments as shall not result in an allocation to another Committed Shipper under step (b)(i) below its Committed Volume for the allocation period), and (ii) the Committed Shipper’s Committed Volume applicable to the month of prorationing. For the avoidance of doubt, Actual Shipments that occur in capacity above the Historical Ceiling, are not eligible to be included in a Shipper’s Average Monthly Volume.

Average Monthly Volume means the average of a Historic Shipper’s Actual Shipments of Crude Petroleum with respect to the line segment or segments calculated in accordance with Item 110.

Average Monthly Volume means the estimate of # of impressions that can be run each and every month while maintaining an acceptable MCBC"

Average Monthly Volume means the average of a Regular Shipper’s Actual Shipments of Crude Petroleum transported during the Base Period through the line segment or segments subject to prorationing.

Average Monthly Volume means the average of a Regular Shipper’s monthly volumes of Crude Petroleum tendered and received during the entire Base Period applicable to the Allocation Month. Average Monthly Volume may also be referred to herein as Shipper History, Shipment History, or History.

Average Monthly Volume means (a) for shippers other than Committed Shippers, the average of a Regular Shipper’s monthly volumes of Crude Petroleum tendered during the entire Base Period subject to prorationing, and (b) for Committed Shippers, the greater of (i) the average of a Committed Shipper’s monthly volumes of Crude Petroleum tendered during the entire Base Period subject to prorationing (or such portion of such average monthly volumes as shall not result in an allocation to another Committed Shipper under step (b)(ii) below that reduces such other Committed Shipper below its Committed Volume for the allocation period), and (ii) the Committed Shipper’s Committed Volume applicable to the month of prorationing.

Average Monthly Volume means the average monthly number of Items sent and received by Client via the EEX Services during the preceding [**CONFIDENTIAL**], or the number of months since the first Item was sent or received for Client through the EEX Services, if less than [**CONFIDENTIAL**].