Examples of Daily Quantity in a sentence
The Transportation Contract Demand, the Annual Contract Quantity, the Maximum Daily Quantity at the Primary Receipt Point, and the Maximum Daily Delivery Obligation at each Primary Delivery Point are set forth on Exhibit A.
With respect only to the first 365 days of the Delivery Term, the Daily Quantity shall be reduced by up to 50% based on the amount of RECs actually Delivered by Seller during such period.
For example, if the Annual Quantity is 3,650 RECs and the Delivery starts on August 1, 2020, then the Delivery Term is August 1, 2020 through July 31, 2035 and, for each day during the 365-day period of August 1, 2020 through July 31, 2021, the Daily Quantity can be reduced from 10 RECs to 5 RECs. The maximum of 10 RECs is calculated by dividing the 3,650 RECs (Annual Quantity) by 365 days.
The Transportation Contract Demand, the Maximum Daily Quantity at each Primary Receipt Point, and the Maximum Daily Delivery Obligation at each Primary Delivery Point are set forth on Exhibit A.
The maximum of 3,650 RECs is the result of taking a Daily Quantity of 10 RECs and multiplying by 365 days (i.e., number of days from June 1, 2021 through May 31, 2022).