Examples of Monthly Volume in a sentence
Shipper’s Monthly Revenue Commitment for any Month shall be the product obtained by multiplying the applicable Fixed Toll times the Monthly Volume, subject to any MRC Adjustment described in Part E below.
Shipper shall use reasonable efforts to provide Carrier with a minimum of one Month Notice of any planned reduction of volume to be Tendered for any Month where the Shipper reasonably anticipates that the reduction will be in excess of 10% of the Monthly Volume.
In any Month that Xxxxxxx’s Allocated Volume exceeds its Monthly Volume in accordance with the Tariff, not including any Make-Up Volumes pursuant to ARTICLE 8 (such excess volume being the “Excess Volume”), Shipper shall pay to Carrier on the Payment Due Date an amount equal to the product obtained by multiplying the Uncommitted Toll by the Excess Volume.
In no event will Shipper be considered to fail to Nominate or Tender its Monthly Volume in any Month solely due to Carrier’s batching or balancing requirements.
Every Month during the Contract Term, Shipper shall pay a “Monthly Revenue Commitment” in respect of its Monthly Volume.