Failed Quantity definition

Failed Quantity shall have the meaning ascribed to it in Clause 5.5.1;
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Failed Quantity shall have the meaning as ascribed to it in the clause 4.9.1 dd) “First Delivery Date” shall have the meaning ascribed to it in Clause 2.6
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Failed Quantity shall have the meaning ascribed to it in Clause 3.12 “Final Invoice” shall have the meaning ascribed to it in Clause 7.4.
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Examples of Failed Quantity in a sentence

  • Notes: The Level of Delivery/ Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

  • Level of Delivery / Lifting of Coal in a Year Rate of compensation for the Failed Quantity in terms of Base Price of the highest Grade, as shown in Schedule II Formula for calculation of compensation 1 Less than 100% but upto 50% of ACQ NIL NIL 2 Below 50% of ACQ 10% 0.1 x P x [((100-LD or LL) – 50)/100] x ACQ) where P shall be the simple average of base prices grades as shown in the Schedule II.

  • Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

  • Compensation for the Failed Quantity shall be payable by the defaulting Party to the other Party within a period of 15 (fifteen) days from the date of receipt of a claim in this regard from the non-defaulting Party.

  • The FSA provided that if for a year, the Level of Delivery by the seller, or the Level of Lifting by the purchaser fell below Annual Contracted Quantity (ACQ) with respect to that year, the defaulting party would be liable to pay compensation to the other party for such shortfall in Level of Delivery or Level of Lifting, as the case may be (Failed Quantity).

  • The compensation for the Failed Quantity payable shall be the aggregate of the compensation worked out separately with respect to each of the two levels provided in the table above, to be computed as per the income tax system.

  • No. Level of Delivery / Level of Lifting in a Year for raw Coking Coal Rate of compensation for the Failed Quantity in terms of Base Price of the highest Grade, as shown in Schedule II Formula for the calculation of the compensation for short delivery/ lifting 1 Less than 100% but upto 60% of ACQ NIL - Where P = Base price of the highest grade of Coal as shown in the Schedule II Table 2: Compensation for short delivery / lifting for washed Coking Coal S.

  • NPRR1149, Implementation of Systematic Ancillary Service Failed Quantity Charges was approved in March 2023 and updates the protocols to make this process automated.Figure 29: QSE-Portfolio Net Ancillary Service Shortages in 2022 TRANSMISSION CONGESTION AND CONGESTION REVENUE RIGHTS‌ An essential function of any electricity market is to efficiently manage power flows on the transmission networks.

  • NPRR1149, Implementation of Systematic Ancillary Service Failed Quantity Charges was approved in March 2023 and updates the protocols to make this process automated.

  • The Level of Delivery/ Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

Related to Failed Quantity

  • 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.

  • 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.

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

  • 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.

  • 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.

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

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

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • 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.

  • PRICED SCHEDULE OR QUANTITIES means the schedule duly priced.

  • 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;

  • 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.

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

  • Reportable quantity means one of the following:

  • Priced Schedule of Quantities means the schedule of quantities duly priced with the accepted quoted rates of the contractor.

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

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

  • 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.

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

  • Indefinite quantity contract means a fixed price contract that:

  • Small quantity generator means a generator who generates less than 1000 kg of hazardous waste in a calendar month.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.