MDQ After End of Minimum Volume Period Sample Clauses

MDQ After End of Minimum Volume Period. Effective as of the end of the Minimum Volume Period and continuing until the end of the first full Year following the end of the Minimum Volume Period, the ▇▇▇▇▇▇▇ Maximum Daily Quantity for each ▇▇▇▇▇▇▇ Gathering System shall be redetermined to equal **% of the average daily volumes of Producers’ Gas received and gathered hereunder at the Priority 1 Service level on such ▇▇▇▇▇▇▇ Gathering System in the final 6 Months of the Minimum Volume Period, but such redetermined ▇▇▇▇▇▇▇ Maximum Daily Quantity shall not exceed the ▇▇▇▇▇▇▇ Maximum Daily Quantity in effect for such ▇▇▇▇▇▇▇ Gathering System in the last Month of the Minimum Volume Period. For each Year thereafter, the ▇▇▇▇▇▇▇ Maximum Daily Quantity for each ▇▇▇▇▇▇▇ Gathering System shall be to equal **% of the average daily volumes of Producers’ Gas received and gathered hereunder at the Priority 1 Service level on each such ▇▇▇▇▇▇▇ Gathering System in the prior Year, but such redetermined ▇▇▇▇▇▇▇ Maximum Daily Quantity shall not exceed the ▇▇▇▇▇▇▇ Maximum Daily Quantity in effect for such ▇▇▇▇▇▇▇ Gathering System in the last Month of the Minimum Volume Period.
View SourceView Similar (4)

Related to MDQ After End of Minimum Volume Period

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Limitation Period Except as stated in this Clause, all claims must be made within the period specified by applicable law. If the law allows the parties to specify a shorter period for bringing claims, or the law does not provide a time at all, then claims must be made within 18 months after the event(s) giving rise to a dispute occurs.

  • Venue Limitation for TIPS Sales Vendor agrees that if any "Venue" provision is included in any TIPS Sale Agreement/contract between Vendor and a TIPS Member, that clause must provide that the "Venue" for any litigation or alternative dispute resolution shall be in the state and county where the TIPS Member operates unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing a “Venue” clause that conflicts with these terms is rendered void and unenforceable.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.