Minimum Throughput Volume definition

Minimum Throughput Volume means an aggregate volume of 1,216,667 Barrels of Products per Month offloaded and throughput at the Anacortes Rail Unloading Facility (40,000 Barrels per day multiplied by 365 days divided by 12), provided, however, that the Minimum Throughput Volume during the Month in which the Commencement Date occurs shall be prorated in accordance with the ratio of the number of days, including and following the Commencement Date, in such Month to the total number of days in such Month.
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Minimum Throughput Volume means (i) an aggregate volume of 456,250 Barrels of Products per Month throughput on both Segments; provided, however, that the Minimum Throughput Volume during the Month in which the Commencement Date occurs shall be prorated in accordance with the ratio of the number of days, including and following the Commencement Date, in such Month to the total number of days in such Month.
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Minimum Throughput Volume means the Minimum Heavy Crude Throughput Volume and the Minimum Light Crude Throughput Volume.
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Examples of Minimum Throughput Volume in a sentence

  • Upon Payment of the MTVF, TRMC shall receive a “Shortfall Credit” calculated as the difference between the Minimum Throughput Volume less the actual total volumes received during such month, multiplied by the sum of the MTVF, on a per Barrel basis.

  • In no event shall the application of this credit for December reduce the Throughput Volume Fee for December below the fee payable using the Aggregate Daily Minimum Throughput Volume Commitment.

  • Barrels may be shipped from any of the Acquired Terminals to satisfy the Aggregate Daily Minimum Throughput Volume Commitment.

  • Customer and Xxxxxxxxx agree to use the greater of the Aggregate Daily Minimum Throughput Volume Commitment or the Total Terminal Throughput Volume to determine the total number of Barrels to be used in calculating the Throughput Fee (the “Total Customer Throughput Volume”).

  • If the December Total Terminal Throughput Volume exceeds the Aggregate Daily Minimum Throughput Volume Commitment, the December Total Terminal Throughput Volume shall be reduced by the amount that the credit could have been used in one or more previous calendar months of that calendar year, but only to the extent that a deficiency existed in a previous calendar month that the credit could have been used to offset and that no other credit was applied to that month.

  • For clarity, the Throughput Volume Fees payable by Customer to Xxxxxxxxx during a calendar year, if the Total Terminal Throughput Volume is less than or equal to the Aggregate Daily Minimum Throughput Volume Commitment for the year (excluding Additive Fees or Other Fees), shall be approximately $7.03 million per year.

  • If any action is taken or threatened to declare these services a public use, then, upon notifying TRMC, Operator may (i) restructure and restate this Agreement, provided that such restructuring and restatement does not increase the charges that TRMC is obligated to pay or prevent TRMC from meeting its Minimum Throughput Volume obligations hereunder, or (ii) terminate this Agreement upon thirty (30) days’ prior written notice.

  • Customer agrees to ship, at Customer’s sole cost and expense, a minimum of 35,000 Barrels per day of Products from all of the Acquired Terminals as a group (the “Aggregate Daily Minimum Throughput Volume Commitment”) each month.

  • Janitorial Contract Renewal (AB 2896) AUDIENCE INPUT:Non-Agenda ItemsNo public comments.

  • If, during any Month, the actual volume of Barrels offloaded and throughput by TRMC are less than the Minimum Throughput Volume, then TRMC shall nevertheless pay to TLO the MTVF.

Related to Minimum Throughput Volume

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

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e) and Cover Sheet Section D .

  • Throughput means the measure of production, or factor related to production, used to determine the relationship between the amount of energy used by the target unit and the levels of activity of the target unit, as set out in Schedule 6 to an underlying agreement; “the Tribunal” means the First-tier Tribunal established under the Xxxxxxxx Xxxxxx xxx Xxxxxxxxxxx Xxx 00000;

  • 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.

  • 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.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • 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.

  • 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.