Minimum Volume Period definition

Minimum Volume Period means with respect to the Springridge Annual Minimum Volume, the period beginning on January 1, 2011 and ending on the earlier to occur of (a) December 31, 2013 and (b) the last Day of the Month in which Producers have delivered, or if not delivered, paid for under Section 4(b) of Exhibit A, Annual Springridge Gathered Volumes equal to the Springridge Annual Minimum Volumes.
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Minimum Volume Period means the period beginning on the Effective Date and ending on the 5th anniversary of the Effective Date.
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Minimum Volume Period means the period beginning on the Effective Date and ending on the 5th anniversary of the Effective Date, as such date may be adjusted pursuant to Section 5.2. “MMBtu” means one million Btu’s, which is equivalent to one dekatherm. “Month” means the period beginning on the first Day of the calendar month and ending immediately prior to the commencement of the first Day of the next calendar month. “New Well Connection Expenditure” is defined in Section 5.11(i). 4
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Examples of Minimum Volume Period in a sentence

  • For each Year thereafter, the Xxxxxxx Maximum Daily Quantity for each Xxxxxxx Gathering System shall be to equal **% of the average daily volumes of Producers’ Gas received and gathered hereunder at the Priority 1 Service level on each such Xxxxxxx Gathering System in the prior Year, but such redetermined Xxxxxxx Maximum Daily Quantity shall not exceed the Xxxxxxx Maximum Daily Quantity in effect for such Xxxxxxx Gathering System in the last Month of the Minimum Volume Period.

  • Annual Xxxxxxx Excess Volumes shall be used to first reduce the Adjusted Xxxxxxx Annual Minimum Volume in the last Year of the Minimum Volume Period and then once the Adjusted Xxxxxxx Annual Minimum Volume for such Year is completely satisfied from such Annual Xxxxxxx Excess Volumes, any remaining Annual Xxxxxxx Excess Volumes will credited to the Adjusted Xxxxxxx Annual Minimum Volume for the preceding Year or Years.

  • Once determined, the MVC Additional Volume Xxxxx Amount shall be included in the determination of the Adjusted Xxxxxxx Annual Minimum Volume as provided in Section 4(d) of Exhibit A in the last Year of the Xxxxxxx Annual Minimum Volume Period.

  • After the end of the Minimum Volume Period, Gatherer shall have the right to declare, acting reasonably, that the operation of all of any Xxxxxxx Gathering System is uneconomic (as defined below) by Notifying Producers.

  • Producers commit and agree to deliver to Gatherer for gathering on the Xxxxxxx Gathering Systems in each Year during the Minimum Volume Period no less than the Adjusted Xxxxxxx Annual Minimum Volume for each such Year.

  • Producer commits to deliver to Gatherer for gathering on the Gathering System in each calendar quarter during the Minimum Volume Period no less than the Quarterly Minimum Volume for each such calendar quarter.

  • For each Year during the Minimum Volume Period, the aggregate volume of MV Mitigation Gas (in Mcf’s) delivered under both Gathering Agreements during such Year shall be used to determine the Annual Xxxxxxx Gathered Volumes under each Gathering Agreement as follows (as to each Year, the “Aggregate MV Mitigation Gas”).

  • If the volume of (i) Producer’s Gas, (ii) Third-Party Gas, and (iii) Gas from any Dedicated Reserves caused to be drilled by Producer either through acreage farm-out or non-consent Xxxxx, delivered to the Gathering System in a calendar quarter of the Minimum Volume Period is greater than the Quarterly Minimum Volume, then such excess volume will be credited to the last volumes due during the Minimum Volume Period.

  • During the Minimum Volume Period, when Producers provide Notice under Section 6(a)(2) of this Exhibit A, Gatherer shall be responsible for the cost to install the pipe and ancillary equipment from the outlet flange of the meter tube of the Primary Measurement Device to the existing common gas header, including any modifications thereto, on the existing pad for the Producers Xxxxx covered by such Notice but only where Gatherer has not installed a Gatherer’s Receipt Meter on such existing pad.

  • Notwithstanding anything in this Agreement to the contrary, for purposes of this Section 4 the first Year shall be deemed to begin as of 12:01 a.m., CPT on July 1, 2009 (the “Deemed Start Date”), and the Annual Xxxxxxx Gathered Volumes in the first Year of the Minimum Volume Period shall include the actual volumes of Producers Gas received at the Xxxxxxx Receipt Points for the period from such Deemed Start Date to September 30, 2009.


More Definitions of Minimum Volume Period

Minimum Volume Period means the period beginning on the Effective Date and ending on March 1, 2017, as such date may be adjusted pursuant to Section 5.2(a).
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Related to Minimum Volume Period

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • 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.

  • Net metering period means the 12-month period following the date of final interconnection of the

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

  • 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.

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

  • 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 Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Supply Period means the period commencing on the Supply Period Start Date and terminating on the Termination Date.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • 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.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • 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.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • 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.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

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

  • Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.