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

  • ADFC shall, from time to time, notify you of the policies and factors that impact upon the ADFC’s determination of your Monthly Volumes including, for example, the regional commercial needs of relevant processors.

  • Monthly Volumes may be changed by mutual agreement between the parties.

  • ADFC has completed Item 2 of the Schedule in respect of the expected Monthly Volumes of Milk that You will supply to ADFC in each Month of the Term.

  • 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.

  • Volumes‌ 7.1 Item 1 of the Schedule contains the agreed Monthly Volumes of Milk that the Supplier must supply to GVC in each month of the Term.

  • 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.

  • 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.

  • 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 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.

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

  • 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.