Minimum Volume Commitments definition

Minimum Volume Commitments means the volume commitments set forth in Exhibit F.
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Minimum Volume Commitments means agreements to pay fees and other consideration in respect of agreed quantities of marketing, transportation and/or other services in connection with reasonably anticipated (i) production from Oil and Gas Properties of the Borrower and the Restricted Subsidiaries and (ii) associated production of non-operators and royalty and similar interest owners, in each case which fees and other consideration are payable whether or not such services are utilized.
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Minimum Volume Commitments means the volume commitments set forth in Exhibit F. “Net Orders” has the meaning set forth in Exhibit F.
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Examples of Minimum Volume Commitments in a sentence

  • Minimum Volume Commitments and Firm Transportation Contracts Certain of our gathering and processing agreements provide for quarterly or annual MVCs. Under these agreements, our customers or suppliers agree to ship and/or process a minimum volume of product on our systems over an agreed time period.

  • Minimum Volume Commitments Transportation and Terminaling Segment The Partnership’s Transportation and Terminaling segment consists of product terminals, pipelines, crude unloading facilities and other facilities capable of transporting and handling crude oil, refined products and natural gas.

  • As of the date of this filing, the current estimate of a reasonably possible loss contingency from all legal proceedings is not material to the Company’s consolidated financial position, results of operations, cash flows or liquidity.Commitments Minimum Volume Commitments Certain of the Company’s subsidiaries are required to purchase a minimum amount of fuel from suppliers on an annual basis.

  • Furthermore, the notified measure will have positive effects in terms ofenvironmental protection and climate change mitigation by contributing to CO2 emissions and local pollution reduction, in accordance with the carbon-neutrality objectives set out in the European Green Deal23.

  • Minimum Volume Commitments Both the gathering and compression and water handling and treatment agreements include certain minimum volume commitment provisions, which are intended to support the stability of our cash flows.

  • Revenue Recognition Minimum Volume Commitments and Firm Transportation Contracts Certain of our gathering and processing agreements provide for quarterly or annual MVCs. Under these agreements, our customers or suppliers agree to ship and/or process a minimum volume of product on our systems over an agreed time period.

  • Minimum Volume Commitments Certain of our gathering agreements provide for a monthly, quarterly or annual MVC from our customers.

  • Minimum Volume Commitments The gathering and compression agreement includes certain minimum volume commitment provisions.

  • Without the WI Production Marketing Agreements, Anadarko would not have entered into the Midstream Agreements, Downstream Agreements, or EFM Agreements, and committed to significant Minimum Volume Commitments therein, because Anadarko would not otherwise have (i) sufficient production of its own to satisfy such obligations or (ii) support from the other working interest owners to cover the service fees and costs of under such agreements.

  • The assignment was also important to Anadarko because, in addition to Anadarko’s indirect majority interest in Springfield, the ability of the SN Buyers to satisfy the Minimum Volume Commitments under the Retained Agreements, Agency Agreements, and EFM Agreements was premised on production being gathered through the Springfield Gathering System.


More Definitions of Minimum Volume Commitments

Minimum Volume Commitments means the minimum purchase levels for the periods specified on Exhibit B attached hereto, provided, however, that prior to June 30, 1998, there shall not be any Minimum Volume Commitment required of Distributor.
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Related to Minimum Volume Commitments

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • 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.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • 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.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • 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.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Available Commitment means a Lender’s Commitment minus:

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

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

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • MDQ means the total maximum MMBtu which Company shall be obligated to receive or deliver on a firm basis on any given day on behalf of customer.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.