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

  • For purposes of calculating a Committed Shipper's history of shipments during each month of the Base Period, the higher of such Committed Shipper's (x) Shipper's Capacity or Monthly Minimum Volume, as applicable, or (y) actual shipments shall be used.

  • 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.

  • Under normal operating conditions, each Committed Shipper will be allocated an amount of capacity equaling the lesser of: (i) its Nomination for the Proration Month, or (ii) its Monthly Minimum Volume Commitment.

  • Without prejudice to the Purchaser’s ability to give notice of a Warranty Claim under clause 10.4, if any potential Warranty Claim shall arise by reason of a liability that is contingent only, then the Purchaser shall not be entitled to pursue such Warranty Claim until the contingent liability ceases to be contingent and becomes actual.

  • State the basis for the number of gallons included in the Agreed Monthly Minimum Volume and explain why this number of gallons is reasonable.

  • If a Nomination from a Committed Shipper for the month is less than its Monthly Minimum Volume Commitment, the Committed Shipper will be allocated only the amount of its Nomination, still subject to the deficiency obligation as determined within its TSA.

  • Based on the list of devices requested in Section VIII, please submit cost-per-image pricing for each of the following monthly minimum options: CPI Rate for Monthly Minimum Volume CPI Overage Rate Proposed Cost-Per-Image Based on the Monthly Minimum Guaranteed Volume of 2,170,000 monochrome pages Proposed Cost-Per-Image Based on the Monthly Minimum Guaranteed Volume of 65,000 color pages Note: A buyout of $149,000.00 is to be included in the total pricing of this IFB.

  • In the event that Committed Shippers do not fully nominate their Monthly Minimum Volume Commitment, that unused capacity will be made available to accommodate Nominations made by Uncommitted Shippers.

  • Based on the aggregate Monthly Minimum Volume requested by the Committed Shipper in the Open Season that commenced on September 18, 2013.

  • Prorationing of System Capacity Prior to Project In-Service DateEach Committed Shipper’s TSA specifies that the Committed Shipper’s Monthly Minimum Volume Commitment will become effective as of the Project In-Service Date.


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

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

  • 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.

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • 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.

  • 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.

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

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

  • 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. Member: