Historical Volume definition

Historical Volume means a Shipper’s average monthly product movement during the 12 months immediately following the date that is 13 months prior to the first day of the month during which capacity will be allocated; provided that Historical Volume does not include the product movement of a Priority Service Shipper during any month of such period that does not exceed the Shipper’s Entitlement except that, for purposes of calculating the Historical Volume of a Priority Service Shipper (excluding a Priority Service Shipper whose TSA was terminated based on its default) after the end of the term of its TSA, its Historical Volume will take into account all of the product movement of such Shipper, including its Shipper’s Entitlement, during the last 12 months of such term to the extent such months are included in the rolling 12 month calculation.

Historical Volume has the meaning set forth in Section 3.1(b).

Historical Volume means a Shipper’s product movement during the first 12 Months following a date 13 Months prior to the first Day of the Month during which capacity will be allocated; provided that, Historical Volume does not include the product movement of a Contract Shipper during such period that does not exceed its T&D Obligation.

Examples of Historical Volume in a sentence

• The government has requested a grant not exceeding $7.0 million from ADB’s Special Funds resources (Asian Development Fund [ADF]) to help finance the project including a $2.9 million grant allocation from the ADF disaster risk reduction financing mechanism.22 The Ministry of Finance, Banking and Postal Services (MOFBPS) will provide the funds to MEC under a subsidiary grant agreement.

• The Plant’s Historical Volume is the total receipts from the Plant during the last twelve complete months prior to the month before the calendar month during which capacity will be prorated.

• Allocation of capacity will be based on each Plant's Historical Volume.

• Shipments of Petroleum Products by a Shipper using such unutilized Dedication Shipper Capacity shall not be included in the calculation of that Shipper’s Historical Volume.

• Shipments of Petroleum Products by a Shipper using such unutilized capacity of the 2013 Expansion shall not be included in the calculation of that Shipper’s Historical Volume.

• Each such Regular Shipper will be allocated capacity that equals the lesser of (i) its Nomination or (ii) Regular Shipper Available Capacity times a fraction, the numerator of which is its Historical Volume and the denominator of which is the aggregate Historical Volume of all Regular Shippers.

• MacGillivray (ed.), A Century of Protestant Missions in China (1807-1907): Being the Centenary Conference Historical Volume, Shanghai: American Presbyterian Mission Press 1907.

• This was supplemented by Who Was Who in America, Historical Volume, 1607-1896 and The National Cyclopaedia of American Biography; additional details were obtained from a number of biographical sources.”(Khan and Sokoloff, 1993,p.

• As well, Western Canada elected 64 Canadian Alliance members of Parliament out of a total of 88 seats in the four Western provinces.

• Donald MacGillivray, ed., A Century of Protestant Missions in China (1807-1907): Being the Centenary Conference Historical Volume (New York: American Tract Society; Shanghai: American Presbyterian Mission Press, 1907), 674.

More Definitions of Historical Volume

Historical Volume means Buyer’s total receipts of Raw Product from each Supplier during the most recent twelve (12) calendar months for which data is available prior to the first day of the calendar month during which capacity is being prorated.