Monthly Annualized Average definition

Monthly Annualized Average means an amount equal to 3,345,980 MMBtu, which is the ACQ divided by 12 months. The quantity of MMBtu specified in this definition of Monthly Annualized Average shall be subject to adjustment in accordance with Section 2.10 (Adjustment to Price and Buyer’s Allocated Percentage) (if applicable).
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Monthly Annualized Average means an amount equal to 3.167 million MMBtus, which is the ACQ divided by 12 months.
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Examples of Monthly Annualized Average in a sentence

  • If Seller fails to deliver the Buyer’s Allocated Percentage of the MCQ in any month, Seller may increase the Buyer’s Allocated Percentage of MCQ to the Buyer’s Allocated Percentage of the Increased MCQ for each succeeding month until the Buyer’s Allocated Percentage of Monthly Actual Annualized Average as of the beginning of any subsequent month is equal to or higher than the Buyer’s Allocated Percentage of the Monthly Annualized Average.

Related to Monthly Annualized Average

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Average Annual Bonus means the average of the annual bonuses (if any) from the Company earned by the Executive with respect to the Bonus Fiscal Years during all or any portion of which the Executive was employed by the Company; and, provided, further, that, if the Executive was not employed by the Company during all or any portion of any of the Bonus Fiscal Years, “Average Annual Bonus” means zero.

  • Three-Month Secondary CD Rate means, for any day, the secondary market rate for three-month certificates of deposit reported as being in effect on such day (or, if such day is not a Business Day, the next preceding Business Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York (which rate will, under the current practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the week following such day) or, if such rate is not so reported on such day or such next preceding Business Day, the average of the secondary market quotations for three-month certificates of deposit of major money center banks in New York City received at approximately 10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers of recognized standing selected by it.

  • Average Annual Compensation shall be an amount equal to the annual average of the sums of (x) the Executive’s annual Base Salary from the Company plus (y) the amount of Incentive Awards accrued by TNS for the Executive, in each case for the three calendar years that ended immediately before (or, if applicable, coincident with) the Change in Control Date;