Minimum Volume definition
Examples of Minimum Volume in a sentence
Any other Milk you supply and Milk that is not collected or is rejected in accordance with the Dumping Policy will be excluded for the purposes of calculating whether you have supplied the Monthly Minimum Volume of Milk.
Monthly Minimum Volume (Sections 1.2, 2.7 and 2.8) Exclusive Suppliers agree to supply no less than the following monthly minimum volume of Grade 1 Milk and/or Grade 2 Milk applicable to that Farm during each calendar month of the Term (the Monthly Minimum Volume): Farm Butterfat (kgs) Protein (kgs) Number Only Grade 1 Milk and Grade 2 Milk supplied by you will be counted for the purpose of determining whether you have supplied the Monthly Minimum Volume.
In the event that the first month or the last month of the Term is not a full calendar month, the Monthly Minimum Volume applicable for those months will be equal to a pro-rata portion of the Monthly Minimum Volume equivalent to the period of that month during which this Agreement is in force.
If you are an Exclusive Supplier and the Monthly Minimum Volume for a Farm is not supplied by you in any month during the Term, but you have otherwise met the 9/3-12 Incentive Eligibility Criteria, then the 9/3-12 Incentive payment in respect of that month for that Farm will be reduced by the 9/3-12 Incentive Adjustment in accordance with the table set out in Appendix B, section 1.3.