Common use of MDQ After End of Minimum Volume Period Clause in Contracts

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.

Appears in 4 contracts

Sources: Barnett Gas Gathering Agreement (Chesapeake Midstream Partners, L.P.), Gas Gathering Agreement (Chesapeake Midstream Partners, L.P.), Gas Gathering Agreement (Chesapeake Midstream Partners, L.P.)