Measured Quantity definition

Measured Quantity in respect of a Day means the total quantity of Gas in MMBtu delivered by Sellers at the Delivery Point to all offtakers, as determined in accordance with Clause 12 and Exhibit 4.

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Measured Quantity means the quantity of gas that, according to the measurement equipment from the transmission system operator, has physically flowed across an interconnection point per time period;

Measured Quantity means, for a particular period of time, the quantity of gas that, according to the relevant measurement equipment, has physically flowed across the Interconnection Point in that time period.

Examples of Measured Quantity in a sentence

• Buyer’s Allocated Quantity on any Day shall be calculated as the product of: (a) the Measured Quantity for such Day; and (b) the quotient of: (i) Buyer’s Scheduled Daily Quantity for the relevant Day; and (ii) the total of the scheduled daily quantities for all deliveries at the Delivery Point for the relevant Day.

• Allocated Quantity shall be calculated as the Measured Quantity multiplied by ▇▇▇▇▇'s Scheduled Daily Quantity for the Day and divided by the total of the scheduled daily quantity for all deliveries at the Delivery Point for the Day; provided, however, that the Allocated Quantity shall not exceed Buyer's Scheduled Daily Quantity for the Day.

• Contractor shall be paid for the Measured Quantity only, whether more or less than the estimated quantities in the Schedule of Fixed Prices and notwithstanding the magnitude of any difference.

• The Measured Quantity as communicated by the Measuring Party to the Non-Measuring Party shall be used for allocation of Gas at such Exit Point by the Transporter and the Downstream Pipeline Operator.

• If a Point is not a Commingled Point, then all of the Measured Quantity at such Point shall be attributed to Shipper at such Point.

More Definitions of Measured Quantity

Measured Quantity means that quantity within the approved Limits of the Works, measured in the field.

Measured Quantity. Means the quantity of gas that, according to the measurement equipment from the transmission system operator, has physically flowed across an interconnection point per time period.

Measured Quantity means the quantity of gas that a transmission system operator determines from its measurement equipment to have physically flowed across an interconnection point per time period;

Measured Quantity means, for a particular period of time, the quantity of gas that, according to the measurement equipment, operated by DESFA, has physically flowed across the Entry Point in that time period.

Measured Quantity is the actual quantity of each individual Item of Unit Price Work completed in accordance with the Contract Documents, as measured by Contractor and approved by Owner, in units of measure specified in the Schedule of Fixed Prices. Measured Quantities shall not include unused quantities or quantities for unauthorized or unapproved Work or for Work that is Defective.

Measured Quantity means the quantity of Gas in MMBtu that is determined in accordance with this Code to have flowed through the Point on any Day.

Measured Quantity means the total quantity of Gas, measured in MMBtu, to have flowed through the Measurement Equipment for that Point during that Day.