Subminimum Volume Commitment definition

Subminimum Volume Commitment means a Service-specific commitment to pay an agreed amount of Eligible Charges in each Contract Year.
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Subminimum Volume Commitment means a Service specific Volume Commitment.
Sample 1Sample 2Sample 3
Subminimum Volume Commitment means a Service-specific commitment to pay an agreed amount of Eligible Charges or Contributing Charges, whichever is applicable, in each Contract Year.
Sample 1Sample 2

Examples of Subminimum Volume Commitment in a sentence

  • Customer will pay the Subminimum Volume Commitment, excluding Taxes, for the Contract Year.

  • Customer’s Subminimum Volume Commitment and Service Commitment will commence on the first day of the month following the end of the Ramp Period.

  • If Customer’s total Unified CX Service Charges do not reach the Subminimum Volume Commitment in any Contract Year during the Service Commitment, Customer shall pay an Underutilization Charge equal to a percentage of the unmet Subminimum Volume Commitment as set out in the Customer’s Contract.

  • If Customer has a large transformation required to implement Unified CX, the start of Customer’s Subminimum Volume Commitment and Service Commitment may be delayed by a mutually agreed upon timeframe of no more than 9 months from the Service Activation Date (Ramp Period).

  • Pension increases for the St Bartholomew's Hospital section are fixed at 3% per annum.

  • The Subminimum Volume Commitment and Service Commitment will start either upon Service Activation Date, or after completion of the applicable Ramp Period, as defined in Section 4.2.4 below.

  • Pricing tier commitments can be increased using a change order and must be accompanied by an equivalent increase to the Subminimum Volume Commitment.

  • The Subminimum Volume Commitment and the Service Commitment will be set out in the Customer’s Contract.

Related to Subminimum Volume Commitment

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • 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.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Real-Time Commitment means NYISO’s multi-period security constrained unit commitment and dispatch model, as defined in the NYISO Tariffs.

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

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • 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.

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

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

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Maximum Commitment means initially the amount specified in item 4 on Schedule A, as such amount may be reduced from time to time in accordance with Section 2.04(a).

  • 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.

  • Maximum Commitment Amount means Five Million Dollars ($5,000,000.00).

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

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • 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.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

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

  • 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.

  • Applicable Commitment Commission Percentage means (i) for each day on which the Aggregate Exposure is less than or equal to 50% of the Total Commitment, 0.375% and (ii) for each day on which the Aggregate Exposure exceeds 50% of the Total Commitment, 0.250%.