Monthly Volumes definition

Monthly Volumes means in respect of a month in the financial year of the Term, the amount set out in Item 2 of the Schedule for that month or such other amount for that month as may be agreed from time to time by You and ADFC in writing.
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Monthly Volumes as used herein, means, for any month, the lesser of (x) management forecasted total production of oil, natural gas or natural gas liquids, as appropriate, for such month and (y) the monthly average production of oil, natural gas or natural gas liquids, as appropriate, for the most recent three months, in each case as set forth in the Management Production Forecast and Report most recently delivered pursuant to Section 8.07. Notwithstanding anything to the contrary contained in this Agreement, the Borrower will not, and will not permit any Restricted Subsidiary to, enter into any Hedging Agreement unless the Borrower or such Restricted Subsidiary is a Qualified ECP Guarantor at such time.
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Examples of Monthly Volumes in a sentence

  • A purchasing variance of *** plus or minus shall apply to each of the Monthly Volumes.

  • The initial schedule of Monthly Volumes is attached as Appendix A.

  • It is provided, however, that if [***] curtails receipts of Gas from Buyer under the [***] Contract, for any reason other than a default of Buyer under this Agreement or the [***] Contract or a breach of either agreement, Buyer shall have no liability for curtailment of Seller’s Gas; provided, the foregoing shall not relieve Seller of its obligations to deliver the Minimum Monthly Volumes.

  • A purchasing variance of *** plus or minus shall apply to the Monthly Volumes (as defined below) as set forth below (“Purchasing Variance”).

  • Buyer may modify Monthly Volumes required at each Designated Location with *** days prior notice to Seller for good reason, provided that during the Term of this Agreement, the Buyer purchases and receives a total amount each month equal to the Monthly Volumes, plus or minus the Purchasing Variance and provided further that any change in the Monthly Volumes greater than *** is mutually agreed.

  • Buyer shall purchase and receive from Seller and Seller shall sell and deliver to Buyer on a ratable basis each month an amount equal to the Monthly Volumes specified for each Designated Location for that month as further specified on Appendix A.

  • Buyer shall purchase and receive from Seller and Seller shall sell and deliver to Buyer on a ratable basis each month an amount equal to the Monthly Volumes specified for each Designated Location for that month.

  • The following product mix shall apply commencing on the first day of Contract Year 1: Product* Minimum Monthly Volumes (Tons) *** *** *** *** Total *** *Subject to availability, as determined by Smart Sand in its sole discretion, Buyer may, in lieu of purchasing *** and *** Products, purchase *** and *** Products at prices mutually agreed to in writing by Buyer and Smart Sand.

  • The following product mix shall apply commencing ***: Product Minimum Monthly Volumes (Tons) *** *** Subject to availability, as determined by Smart Sand in its sole discretion, Buyer may, in lieu of purchasing *** Products, purchase up to *** tons per Contract Year of *** Products at a Base Price of *** per ton; provided, however, that each ton of *** Products purchased shall count as *** of a ton towards the Minimum Tons per Year.

  • Buyer shall purchase and receive from Seller and Seller shall sell and deliver to Buyer *** each month an amount equal to the Monthly Volumes specified for each Designated Location for that month as further specified on Appendix A.

Related to Monthly Volumes

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

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

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

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

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • 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.

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

  • Monthly Service Fees means the monthly (or 1/12 of the annual fee) subscription fees paid for the affected Cloud Service which did not meet the SA SLA.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Monthly Service Fee means a monthly charge to a member for continuing care and not as rent, or a daily prorated portion thereof.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • 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.

  • 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.

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • 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.

  • Monthly Average Subscriber Level means the average number of Subscribers of the Licensee in a particular month, as set forth in the applicable month’s Subscriber Report (refer Schedule D).

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • 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.

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

  • 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.

  • Basic gas supply service means gas supply service that is