Minimum Volume Commitment definition

Minimum Volume Commitment or “MVC” has the meaning given such term in Section 6.1.

Minimum Volume Commitment means, pursuant to a gas gathering or similar agreement, a commitment of a third party to deliver specified minimum volumes of natural gas to the gathering systems of the Partnership.

Minimum Volume Commitment means 7,600 Barrels per Day multiplied times the number of Days during the applicable calendar Month.

Examples of Minimum Volume Commitment in a sentence

• Carrier shall exercise due diligence to provide access to regularly scheduled sailings, space aboard such sailings and service adequate to accommodate Shipper's normal service requirements for the Minimum Volume Commitment reasonably spread over the Duration of this Contract.

• Shipments moving on Bills of Lading (or Sea Waybills) not so annotated shall not be counted toward Shipper's Minimum Volume Commitment; provided however, that Shipper shall have reasonable time within which to remedy such omission after the fact.

• If, for reasons of Force Majeure, TLO is prevented from gathering volumes equal to the full Minimum Volume Commitment, then TRMC’s obligation to cause TLO to gather the Minimum Volume Commitment shall be reduced to the extent that TLO is prevented from gathering the full Minimum Volume Commitment.

• At such time as TLO is capable of gathering volumes equal to the Minimum Throughput Commitment, TRMC’s obligation to ship the full Minimum Volume Commitment shall be restored.

• Comparing for two countries’ securities exchange, table 3 presents results for the direct effect of corporate governance on firm value.

More Definitions of Minimum Volume Commitment

Minimum Volume Commitment means any contract or analogous arrangement containing a “take-or-pay”, “ship-to-pay”, purchase and sale agreement, advance payment, prepayment or similar provision that (a) contains a commitment by the Borrower or any of the Subsidiaries to a minimum capacity in a gathering system, pipeline, compression, treatment, disposal or other midstream, downstream, transportation or similar facility or otherwise guarantees a fixed fee or minimum thru-put volume, minimum revenue or minimum return in respect of a marketing or purchase and sale arrangement or a gathering system, pipeline, processing, compression treatment, disposal or other midstream, downstream, transportation or similar facility or arrangement or the capital utilized to construct or acquire any of the foregoing, (b) includes an agreement by such Person to pay for such commitment regardless of whether such capacity or thru-put is actually utilized or otherwise pay for such fixed fee or guaranteed amount irrespective of the utilization of facilities or volumes provided for sale under a purchase and sale arrangement or similar marketing arrangement and (c) cannot be cancelled or terminated unless more than six (6) months’ advance notice is given; provided that, for the avoidance of doubt, any contract fulfilling the requirements of (a) and (b) but whose term is six (6) months or less shall not be a Minimum Volume Commitment.

Minimum Volume Commitment means any “ship or pay” or other similar arrangement where any Person (a) commits to utilize a minimum capacity in a pipeline or otherwise guarantees a minimum thru-put volume in respect of a pipeline, processing or other midstream facility and (b) agrees to pay for such capacity or thru-put regardless of whether such capacity or thru-put is actually utilized.

Minimum Volume Commitment shall have the meaning assigned to such term in Section 6.4.

Minimum Volume Commitment has the meaning given such term in Section 9.1.

Minimum Volume Commitment has the meaning set forth in Section 2(a)(i).

Minimum Volume Commitment means the minimum volume commitment of Equipment to be purchased by and delivered to Customer each quarter as set forth on Exhibit B.

Minimum Volume Commitment or “MVC”. The MVC for the Quarters occurring in Year 2017 are set forth on Exhibit F attached hereto.