Monthly Minimum Volume definition

Monthly Minimum Volume means the product of the minimum daily volume commitment of Crude Petroleum set out in Schedule A to a Committed Shipper’s TSA and the number of days in the relevant month.
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Monthly Minimum Volume means a T&D Shipper’s monthly volume commitment, as set forth in an exhibit to its TSA.
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Monthly Minimum Volume means the product of the minimum daily volume of Crude Petroleum set out in Schedule A to a Priority Service Shipper’s Transportation Service Agreement and the number of days in the relevant month.
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Examples of Monthly Minimum Volume in a sentence

  • Except as otherwise provided in Section 3.D(i)(a) of a Committed Shipper’s TSA, in addition to paying any transportation fees owed to Carrier during a month under Part III(A) of this tariff, a Committed Shipper shall also be responsible for paying a “Demand Fee” each Month to Carrier, which shall equal $1.944 per Barrel multiplied by the Committed Shipper’s then-applicable Monthly Minimum Volume Commitment, which commitment amount is set forth in Exhibit G of the Committed Shipper’s TSA.

  • Such notice must be in writing and must be provided a minimum of 24 months in advance of the first monthly period in which Xxxxxxx District intends to purchase less than the Agreed Monthly Minimum Volume.

  • Uncommitted volumes will include volumes in excess of the Monthly Minimum Volume Commitment under this Agreement.

  • Supervisors could have felt discomfort in a situation where they may be asked to reveal difficulties or weaknesses before a professional colleague.

  • Since the ultimate aim of any legal process or system is pursuit of justice, a systematic study of the concept of justice and its various theoretical foundations is required.

  • No relocation of equipment shall reduce or impair any obligation of the Government to pay the payments for the Guaranteed Monthly Minimum Volume due under the CPC Plan, which shall continue in full force and effect.

  • During the FM Make-up Extension Period and/or Shipper FM Make-up Extension Period, Shipper shall be obligated to Ship its Monthly Minimum Volume Commitment and to make any Deficiency Payment in accordance with Section 5(c).

  • If Shipper Ships less than its Monthly Minimum Volume Commitment in any Month of the Term commencing on the Commencement Date, in addition to paying Carrier the applicable Incentive Rate for the actual number of barrels that Shipper Shipped for such Month, Shipper shall also pay Carrier an amount equal to Shipper’s Monthly Deficient Barrels multiplied by the Incentive Rate applicable to the Monthly Minimum Volume Commitment, as set forth in Exhibit A (“Deficiency Payment”).

  • No deduction of volume shall be made to the Monthly Minimum Volume if Owner does not provide the requested services.

  • In the event a meter reading is not provided on a timely basis, MERIDIAN will issue invoices based on the Guaranteed Monthly Minimum Volume.


More Definitions of Monthly Minimum Volume

Monthly Minimum Volume means the Minimum Volume divided by 365 and then multiplied by the number of Days in any given Month.
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Monthly Minimum Volume means 1/12 of Customer’s committed annual container volume as set forth in the applicable Order Form.
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Related to Monthly Minimum Volume

  • 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.

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

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

  • 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.

  • Monthly Minimum Removal Efficiency means the minimum reduction in the pollutant parameter specified when the effluent average monthly concentration for that parameter is compared to the influent average monthly concentration.

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

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • 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.

  • 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.

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

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

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

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

  • 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.

  • 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.

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

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Annual Specified Amount means $400,000 escalated on each Anniversary Date by the percentage by which the CPI last published prior to such Anniversary Date has increased over the CPI last published prior to the grant of the Burswood Casino Licence.

  • Maximum Weekly Starts means the maximum number of times that a generating unit can be started in one week, defined as the 168 hour period starting Monday 0001 hour, under normal operating conditions.

  • 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.