Annual Contracted Quantities definition

Annual Contracted Quantities or “ACQ”). For part of Year, the ACQ shall be prorated accordingly.
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Annual Contracted Quantities or “ACQ”). For part of Year, the ACQ shall be prorated accordingly. Provided that upon completion of three (3) years from the First Delivery Date, in case the average of the yearly Level of Lifting (LL) by the Purchaser, as calculated in accordance with Clause 4.7, during this three (3) years is less than eighty percent (80%) of the ACQ, the ACQ shall be revised to be the highest of the Level of Lifting achieved by the Purchaser in any of three (3) years. The ACQ so revised shall apply for the remaining two (2) years of the Agreement. It is expressly clarified that no such revision in ACQ shall take place if the average of the yearly Level of Lifting (LL) by the Purchaser (as calculated in accordance with Clause 4.7) during this three (3) years average Level of Lifting (LL) during is equal to or greater than eighty percent (80%).
Sample 1Sample 2
Annual Contracted Quantities or “ACQ”). For part of Year, the ACQ shall be prorated accordingly. Provided that upon completion of three (3) years from the First Delivery Date, in case the average of the yearly Level of Lifting (LL) by the Purchaser, as calculated in accordance with Clause 4.7, during this three (3) years is less than eighty percent (80%) of the ACQ, the ACQ shall be revised to be the highest of the Level of Lifting achieved by the Purchaser in any of three (3) years. The ACQ so revised shall apply for the remaining two
Sample 1

Examples of Annual Contracted Quantities in a sentence

  • The CSAs have a provision for a review at the end of every five years, in respect of Annual Contracted Quantities (“ACQ”) and all other related provisions.

  • The Annual Contracted Quantities for the Year, as per Schedule - I, shall be divided into Quarterly Quantities (QQ).

  • The ACQs (Annual Contracted Quantities) are downwards flexible.Azerbaijan: trades through the Southern route on an LTC basis only.

  • The annual auctions shall take place the latest by October 15th of each year and in any event at a time prior to the nominations of the Annual Contracted Quantities to DEPA, so as to provide every Customer and / or Supplier the possibility of a more efficient management of their contractual obligations.

  • For customers with a contract duration that extends beyond 31/12/14 the adjustment limit of 5% for the Annual Contracted Quantities, according to Decision No. 551/VII/2012 of the HCC, applies.

Related to Annual Contracted Quantities

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • 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.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Metered Quantity means apparent power, reactive power, active power, with associated time tagging and any other quantity that may be measured by a Party’s Metering Equipment and that is reasonably required by either Party for Security reasons or revenue requirements.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • 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.

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Bill of Quantities means the priced and completed Bill of Quantities forming part of the tender.

  • 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.

  • Supply Period means for a Supply Point, the period beginning on the Start Date and ending on the Termination Date;

  • Definite quantity contract means a fixed price contract that provides for a

  • 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.

  • MMBtu means one million British thermal units.

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • SCHEDULE OF QUANTITIES, BILL OF QUANTITIES means the Schedule or Quantities as specified and forming part of contract.

  • Contract Sales Price means the total consideration received by the Company for the sale of an Investment.

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.