Projected Monthly Run Volume definition

Projected Monthly Run Volume has the meaning specified in Section 7.2(a).
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Projected Monthly Run Volume has the meaning specified in Section 7.2(a). “Qualifying Owners” means, in the case of the Company, the Parent, as the direct owner of the Equity Interests of the Company, and Calumet Specialty Products Partners, L.P., which Beneficially Owns the Equity Interests of the Company, in each case, as of the Effective Date. “Refinery” means that certain refinery and related facilities located or to be located at 0000 0xx Xxxxxx XX, Xxxxx Xxxxx, Xxxxxxx 00000 owned or leased and operated by the Company consisting of a converted existing oversized Mild Hydrocracker (MHC) into a renewable diesel unit (RDU), the related West rail rack, a hydrogen plant, sour water stripper, certain storage tanks, including the Included Tanks listed on Schedule E from time to time, processing units, internal pipe systems and loading racks, all as further described on Schedule 1 attached hereto. “Refinery Facilities” means (i) all the facilities located at the Refinery, and (ii) any associated or adjacent facility used by the Company or any Facilities Operator Affiliates to carry out the terms of this Agreement, excluding Included Permitted Feedstock Storage Tanks and Included Renewable Product Tanks. “Refinery Permitted Feedstock Procurement Contract” means a procurement contract entered into by the Company with any Third Party Supplier for the purchase by the Company of Permitted Feedstock, which Permitted Feedstock is to be resold by the Company to Macquarie at the time such Permitted Feedstock passes any Permitted Feedstock Intake Point. “Refinery Procured Permitted Feedstock Barrels” means barrels of Permitted Feedstock sold by the Company to Macquarie at any Permitted Feedstock Intake Point. “Refinery Procured Renewable Product Barrels” has the meaning specified in Section 8.1(c). “Refinery Renewable Product Contract” means a procurement contract entered into by the Company for the purchase by the Company of Renewable Product, which Renewable Product is to be resold by the Company to Macquarie at the time such Renewable Product passes the Renewable Product Intake Point. “Refinery Renewable Product Storage Tanks” means the Included Renewable Product Tanks that are owned by the Company or its Affiliates, located adjacent to the Refinery, and used for the storage of Renewable Products, as identified on Schedule E. “Regulatory Event” has the meaning specified in Section 9.6. “Related Xxxxxx” means any transactions from time to time entered into by Macquarie with third parties unrela...
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Examples of Projected Monthly Run Volume in a sentence

  • As part of such Projected Monthly Run Volume, the Company may specify the grade of such Projected Monthly Run Volume, provided that such grades and their respective quantities specified by the Company shall fall within the grades and quantities then available to be nominated by Xxxx under the outstanding Procurement Contracts.

  • By no later than two (2) Business Days prior to the earliest Contract Cutoff Date occurring in such Nomination Month, the Company shall provide to Xxxx the Projected Monthly Run Volume for the Delivery Month for which deliveries must be nominated prior to such Contract Cutoff Dates.

  • As part of such Projected Monthly Run Volume, the Company may specify the grade of such Projected Monthly Run Volume, provided that such grades and their respective quantities specified by the Company shall fall within the grades and quantities then available to be nominated by Xxxx under the outstanding Xxxx Procurement Contracts.

  • By no later than two (2) Business Days prior to the earliest Contract Cutoff Date occurring in such Nomination Month, the Company shall provide to Axxx the Projected Monthly Run Volume for the Delivery Month for which deliveries must be nominated prior to such Contract Cutoff Dates.

  • As part of such Projected Monthly Run Volume, the Company may specify the grade of such Projected Monthly Run Volume, provided that such grades and their respective quantities specified by the Company shall fall within the grades and quantities then available to be nominated by Axxx under the outstanding Procurement Contracts.

  • As part of such Projected Monthly Run Volume, Fuels or LW may specify the grade of such Projected Monthly Run Volume, provided that such grades and their respective quantities specified by Fuels or LW shall fall within the grades and quantities then available to be nominated by Macquarie under the outstanding Macquarie Crude Procurement Contracts.

  • To the extent reasonably practicable and in accordance with its consultation with Fuels or LW, Macquarie shall endeavor to make Contract Nominations that reflect, and do not exceed or fall below, the quantity of each grade specified by Fuels or LW in such Projected Monthly Run Volume.

  • In the event that Macquarie timely rejects any Projected Monthly Run Volume, the Parties will meet not later than the following day to agree upon a mutually agreeable alternative to be used as the Projected Monthly Run Volume.

  • Macquarie shall have the right to reject any Projected Monthly Run Volume; provided, however, that in the event Macquarie does not reject the same within one (1) Business Day after receiving the Projected Monthly Run Volume, Macquarie shall be deemed to have accepted the same.

  • As part of such Projected Monthly Run Volume, the Company may specify the grade of such Projected Monthly Run Volume, provided that such grades and their respective quantities specified by the Company shall fall within the grades and quantities then available to be nominated by Xxxx xnder the outstanding Xxxx Procurement Contracts.

Related to Projected Monthly Run Volume

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

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • 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.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • 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.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Total Monthly Excess Spread As to any Distribution Date, an amount equal to the excess if any, of (i) the interest on the Mortgage Loans received by the Servicer on or prior to the related Determination Date or advanced by the Servicer for the related Remittance Date (net of Expense Fees) over (ii) the sum of the amounts payable to the Certificates pursuant to Section 4.02(a)(i) on such Distribution Date.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • 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.

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.