Minimum Annual Total Throughput definition

Minimum Annual Total Throughput means [***] gallons of Product for which Customer shall pay Operator per year.

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Minimum Annual Total Throughput means 275,000,000 gallons of Product for which Customer shall pay Operator per year.

Minimum Annual Total Throughput in Section 1of the Agreement is hereby deleted and replaced in its entirety as follows:

Examples of Minimum Annual Total Throughput in a sentence

Should this Agreement be terminated prior to the end of any calendar year, then the Minimum Annual Total Throughput shortfall, if any, shall be determined based on a prorated allocation of the Minimum Annual Total Throughput.
The invoicing for the Minimum Annual Total Throughput shortfall (if required) will occur on the first invoice generated immediately following each calendar year.
The Customer shall have a Minimum Annual Total Throughput (“Minimum”) quantity of _____ gallons for which they shall pay the Operator this Throughput Fee.
The Customer shall have a Minimum Annual Total Throughput (“Minimum”) quantity of 90,000,000 gallons for which they shall pay the Operator this Throughput Fee.

Minimum Annual Total Throughput means 275,000,000 gallons of Product for which Customer shall pay Operator per year. “Miscellaneous Fees” means any and all taxes, dockage or wharfage fees, product testing charges, barge or tug charges, or any other charges which may be levied against Operator having to do with handling and or custody of Customer's Product. “Month” means a calendar month. “Throughput Fee” means $0.066 per gallon for Product out-loaded from the Terminal per Month. “Product” means petroleum based fuel and other petroleum based products. “Handling Infrastructure” means all fuel and other petroleum based products handling infrastructure located at Terminal(s). “Term” means one (1) year commencing on the Effective Date and thereafter continuing on a month to month basis, unless terminated by either party with at least sixty (60) days written notice prior to the end of any term. “Terminal” means the Operator’s terminals located as defined in Attachment “A”. Section 2. Service,

Total THC means the sum of the percentage by weight of THCA multiplied by 0.877 plus the percentage by weight of THC i.e., Total THC = (%THCA x 0.877) + % THC.
Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.
Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.
VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.
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.