Daily Contract Quantity definition

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

Daily Contract Quantity or “DCQ” has the meaning given to such terms in Clause 6(a).

Daily Contract Quantity or “DCQ” means the quantity of gas to be delivered or taken during each Delivery Day of a Physically Settled Gas Futures Transaction, including applicable Same-Day Delivery Tenors;

Examples of Daily Contract Quantity in a sentence

• The Seller agrees to sell and deliver and the Buyer agrees to purchase a quantity of MMBTU per day, which is equal to Standard Cubic Meters of Gas Per Day (SCMD) at a GCV of 12,637 Kcal / scm (hereinafter referred to as the "Daily Contract Quantity") at the price stipulated in Clause 11.

• The Buyer shall draw and the Seller shall supply Daily Contract Quantity of Gas at a uniform rate, which rate shall be determined by dividing the Daily Contract Quantity by 24 with a maximum daily variation of ± 10% (plus or minus ten percent).

• The Buyer undertakes to purchase, a minimum quantity of Gas equivalent to eighty five per cent (85%) of the Daily Contract Quantity multiplied by the number of days in a month period (hereinafter referred to as the "Minimum Guaranteed Offtake" or "MGO").

More Definitions of Daily Contract Quantity

Daily Contract Quantity or “DCQ” shall be the quantity of Gas in MMBtu per Day specified in Exhibit 1, which quantity may be subject to modification pursuant to the provisions of this Agreement.

Daily Contract Quantity or “DCQ” means, for each Month, the quantity of Gas in MMBtu that shall be delivered by Seller to Purchaser and received by Purchaser from Seller each Gas Day during such Month, as set forth in and may be adjusted pursuant to Exhibit B.

Daily Contract Quantity is the total of the Firm Daily Contract Quantity volume, the Daily Call Option Gas volume requested by Buyer pursuant to Section 2.5(B) (if any), the Needle Peak Call Option Gas volume requested by Buyer pursuant to Section 2.5(B) (if any), and the Firm Discretionary Gas volume (if any), all for the Day in question. In no event shall Seller be obligated to deliver a Daily Contract Quantity in excess of the Seller’s Maximum Deliverability Rate.

Daily Contract Quantity. (“DCQ”) means that portion of the daily parameters as set out in Schedule 1, being a quantity of Gas which Customer must deliver to Union on a Firm basis.

Daily Contract Quantity for any period means the daily quantity of Product set out in Section 4.1, Exhibit “A”, or as otherwise determined under this Contract for that period.

Daily Contract Quantity has the meaning given to such term in Clause 8.1. Day means a period of twenty-four (24) consecutive hours beginning at 06:00 hours on a day and ending at 06:00 hours on the following day, and “Daily” shall be construed accordingly.

Daily Contract Quantity means the volume of Gas required to be delivered by Seller and received by Buyer on a Day during the Term of this Agreement as set forth in Section 2.1.