Annual Minimum Volume definition

Annual Minimum Volume means the product of the minimum daily volume of Crude Petroleum set out in Schedule A to a Priority Service Shipper’s TSA and the number of days in the relevant year.
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Annual Minimum Volume means the aggregate volume of TRANXACT Level 1 ticket transactions performed by TRX for Opodo in the Existing Markets during the 12 months ending 31 December 2004.
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Annual Minimum Volume means the volume of Product that Seller is obligated to make available for harvest from the Property during a Harvest Year. The Annual Minimum Volume for each Harvest Year is set forth on Schedule 4 attached hereto.
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Examples of Annual Minimum Volume in a sentence

  • If Gatherer reasonably believes Producers will not deliver the ▇▇▇▇▇▇▇ Annual Minimum Volume for the ▇▇▇▇▇▇▇ Gathering Systems in such Year, Gatherer may require that any advance payment in cash by Producers to Gatherer be in an amount up to the aggregate proceeds due from Producers under Section 7.2 for the prior 2 Month period and that any Acceptable Letter of Credit be in an amount up to the aggregate proceeds paid by Producers under Section 7.2 for the prior 3 Month period.

  • If the release of any pad occurs after such pad has become a ▇▇▇▇▇▇▇ Delayed Connection and any volumes of Producers Gas that would have been delivered from such ▇▇▇▇▇▇▇ Delayed Connection have been included in the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume under Section 4(d) of this Exhibit A, then the Parties shall reverse all of such adjustment as soon as practicable after the related Pad Notice.

  • Annual ▇▇▇▇▇▇▇ Excess Volumes shall be used to first reduce the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume in the last Year of the Minimum Volume Period and then once the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume for such Year is completely satisfied from such Annual ▇▇▇▇▇▇▇ Excess Volumes, any remaining Annual ▇▇▇▇▇▇▇ Excess Volumes will credited to the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume for the preceding Year or Years.

  • The volumes attributable to any such well or pad shall not be included in the calculation of the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume if Gatherer fails to complete the connection of such well or pad by such date.

  • Volumes of Gas received in the ▇▇▇▇▇▇▇ Gathering Systems under a Separate GGA shall be applied to the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume to the extent that (i) such volumes would have constituted Producers’ Gas or MV Mitigation Gas if the ▇▇▇▇▇▇▇ Dedicated Properties covered by such Separate GGA had continued to be owned by Producers or their Affiliates and (ii) the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume has not otherwise been reduced to reflect volumes delivered under such Separate GGA.

  • The Parties agree that the restoration or replacement of such services shall not result in an increase in the Maximum Daily Quantity for the ▇▇▇▇▇▇▇ Central Gathering System or an increase in the ▇▇▇▇▇▇▇ Annual Minimum Volume.

  • Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume may be increased in the last year for any MVC Additional Volume ▇▇▇▇▇ Amount under 5(b)(6).

  • Assumes a **% volume shortfall relative to the ▇▇▇▇▇▇▇ Annual Minimum Volume Commitment in 2009.

  • Once determined, the MVC Additional Volume ▇▇▇▇▇ Amount shall be included in the determination of the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume as provided in Section 4(d) of Exhibit A in the last Year of the ▇▇▇▇▇▇▇ Annual Minimum Volume Period.

  • No increase or decrease in the Adjusted ▇▇▇▇▇▇▇ Annual Minimum Volume hereunder for a Year will cause an increase or decrease in the ▇▇▇▇▇▇▇ Maximum Daily Quantity for such Year.


More Definitions of Annual Minimum Volume

Annual Minimum Volume means the minimum purchase requirements for the Products for each calendar year during the term of this Agreement established via a mechanism of mutual agreement within ninety (90) days after the relevant Approval Date for each Product and thereafter by October 31st of each of the prior year. Distributor shall apply good faith efforts to meet the Annual Minimum Volume. Notwithstanding anything to the contrary in this Agreement, Distributor’s failure to meet the same shall not be a material breach as described in Section 15.01 hereof, but such failure will trigger a requirement by Distributor to purchase the Annual Minimum Volume for the year in question subject to good faith discussion between the parties. In no event Distributor shall be held liable to Company for any damage, loss or otherwise due to such failure.
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Related to Annual Minimum Volume

  • 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.

  • 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 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.

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

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.