The volume \( V \) of a pyramid can be calculated using the formula:
\[ V = \frac{1}{3} \times \text{Base Area} \times \text{Height} \]
Given:
- Base Area = 12 square units
- Height = 15 units
Now, substitute these values into the formula:
\[ V = \frac{1}{3} \times 12 \times 15 \]
Calculating the product inside the brackets:
\[ 12 \times 15 = 180 \]
Now, calculate the volume:
\[ V = \frac{1}{3} \times 180 = 60 \text{ cubic units} \]
Thus, the volume of the pyramid is \( \boxed{60} \) cubic units.