Minimum Annual Quantity definition

Minimum Annual Quantity. (“MAQ”) means in respect of each Contract Year that quantity of Gas equal to 75% multiplied by the Total Nominated Consumption which the Customer will be liable to pay for unless otherwise stated overleaf.

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Minimum Annual Quantity means the minimum annual quantity of gas and electricity to be consumed by The Client, as specified in an Order Form.

Minimum Annual Quantity means the minimum quantity of Contract Coal, in GJ, which Eskom is entitled to Take Off and which the Supplier is required to Deliver during each Year, being 95% (ninety five percent) of the Annual Quantity;

Examples of Minimum Annual Quantity in a sentence

This shipment will be credited against each subsequent Minimum Annual Quantity of Product.
For example, if the Minimum Annual Quantity of Product for a given Year is [*] metric tons, and if HOKU delivers [*] metric tons in January, then the next shipment of [*] metric tons is not required until the following Year.
The Shipment Schedule shall provide for approximately equal monthly shipments that add up to the Minimum Annual Quantity of Products.
Starting on the First Shipment Date and each Year during the term of this Agreement thereafter, TIANWEI agrees to purchase from HOKU, and HOKU agrees to sell to TIANWEI, the Minimum Annual Quantity of Product at the prices set forth on Appendix 1 to this Agreement (the “Pricing Schedule”).
HOKU shall deliver any deficiency in the Minimum Annual Quantity of Product within the first quarter in the next Year.

More Definitions of Minimum Annual Quantity

Minimum Annual Quantity means that quantity of Gas specified in Part A in respect of each Site, which the Customer has committed to purchase in the Contract Year;

Minimum Annual Quantity and “MAQ” mean, subject to adjustment in accordance with the terms of this Agreement, for any Contract Year ending on or before May 31, 2021, a quantity of [***] MMcfd multiplied by the number of Days in that Contract Year. For the avoidance of doubt, beginning with the Contract Year commencing on June 1, 2021 and for all subsequent Contract Years, there shall be no the Minimum Annual Quantity or MAQ.”

Minimum Annual Quantity means the minimum annual quantity of the Products and the Additional Products which WTI is obligated to purchase from TRS as set forth on Exhibit A attached hereto. The Minimum Annual Quantities of the Product shall include purchases of the Product by TMP Technologies, Inc. ("TMP") when used by TMP in manufacturing products sold to WTI. If the price per board foot of the Product sold to TMP is different from the price referenced in paragraph 5.1, then the calculation of the quantity of the Product purchased by TMP shall be based on the price paid by TMP to TRS.

Minimum Annual Quantity means [***] individual stick packs of Product per Contract Year for the initial Contract Year and for the 2023 Contract Year, and, for the 2024 Contract Year and each Contract Year thereafter during the Term, shall mean [***] individual stick packs of Product per Contract Year.

Minimum Annual Quantity means a quantity of gas specified as such in relation to each Site or group of Sites in the Schedule of Quantities.

Minimum Annual Quantity shall have the meaning set forth in Section 10.2 of this Agreement.

Minimum Annual Quantity means the minimum quantity of Biomethane, measured in Gigajoules, that the Customer agrees to purchase and pay per Year, whether or not such quantity is actually consumed by the Customer.