Quarterly Minimum Volume definition

Quarterly Minimum Volume has the meaning set forth in Section 15(a)(i).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Quarterly Minimum Volume means, (i) for each calendar quarter or portion thereof from the Effective Date until December 31, 2012, a minimum volume of Producer’s Gas equal to 22,800 Mcf per Day multiplied by the number of Days in each such calendar quarter, and (ii) for each calendar quarter or portion thereof from January 1, 2013 through the end of the Minimum Volume Period, a minimum volume of Producer’s Gas equal to 25,000 Mcf per Day multiplied by the number of Days in each such calendar quarter.

Quarterly Minimum Volume means, for each calendar quarter in the Minimum Volume Period, a minimum volume of Producer’s Gas equal to 22,800 Mcf per Day multiplied by the number of Days in each such calendar quarter “Questar” means Questar Pipeline Company and any successor thereto. “Receipt Points” means the outlet flange of the metering facilities at each of the existing receipt points as of the Effective Date, for which the Producer owns the meters and which are described in Schedule 2 and (ii) the inlet flange of the metering facilities for any new or existing receipt points that may, from time to time, be added by Gatherer to the Gathering

Examples of Quarterly Minimum Volume in a sentence

In the event and to the extent that Gatherer’s ratable takes prevent Producer from delivering its full Quarterly Minimum Volume obligation in such calendar quarter, then the Quarterly Minimum Volume for that calendar quarter shall be reduced by the amount of such shortfall.
Producer commits to deliver to Gatherer for gathering on the Gathering System in each calendar quarter during the Minimum Volume Period no less than the Quarterly Minimum Volume for each such calendar quarter.
If the volume of (i) Producer’s Gas, (ii) Third-Party Gas, and (iii) Gas from any Dedicated Reserves caused to be drilled by Producer either through acreage farm-out or non-consent ▇▇▇▇▇, delivered to the Gathering System in a calendar quarter of the Minimum Volume Period is greater than the Quarterly Minimum Volume, then such excess volume will be credited to the last volumes due during the Minimum Volume Period.
To the extent that any of Producer’s Gas is so released, there shall be a corresponding proportional decrease in the Quarterly Minimum Volume obligation for the remainder of the Term.
Skype will not be entitled to receive the Special Pricing as amended by the Special FX Pricing if it fails to deliver the Quarterly Minimum Volume Notice.
If, in any Calendar Quarter, the Available Capacity apportioned to Shipper in accordance with the Rules Tariff is less than the Quarterly Minimum Volume Commitment for that Calendar Quarter and, as a result, Shipper’s Actual Shipments are less than its Quarterly Minimum Volume Commitment for that Calendar Quarter, then Shipper shall not be required to pay the Deficiency Payment for barrels that were unable to be transported due to such apportionment.
Except as otherwise provided in this Agreement, ▇▇▇▇▇▇▇ agrees that each Calendar Quarter it will tender for Actual Shipments on the Pipeline, or pay a Deficiency Payment for, at least the Quarterly Minimum Volume Commitment in accordance with the terms and conditions of this Agreement.
Producer’s obligation hereunder to deliver its share of the Quarterly Minimum Volume shall terminate upon the delivery to the Gathering System of a volume of Producer’s Gas, Co-Owner’s Gas and Third Party Gas equal in the aggregate to the Cumulative Volumetric Commitment.
The “Deficiency Payment” for any Calendar Quarter means a dollar payment equal to the difference between (A) the product of (1) Quarterly Minimum Volume Commitment, and (2) the applicable Incentive Rate, and (B) the total charges incurred by Shipper for Actual Shipments in such Calendar Quarter.
Except as otherwise provided in this Agreement, if Shipper’s Actual Shipments during any Calendar Quarter total less than the Quarterly Minimum Volume Commitment, UNEV shall deliver to Shipper a written notice (the “Deficiency Notice”) that specifies (i) the volume of the deficiency, and (ii) the Deficiency Payment for such Calendar Quarter.

More Definitions of Quarterly Minimum Volume

Quarterly Minimum Volume means the amount, expressed in metric tons, which is provided in Exhibit B. For purposes of Sections 4.2 and 4.3, the Quarterly Minimum Volume will be decreased to the extent that a Party did not deliver or accept volumes during the applicable Quarter due to a Force Majeure Event.