Minimum Contract Quantity definition

Minimum Contract Quantity means the quantity of Product determined by multiplying the Total Contract Quantity, in MCF, by the MPR, (i.e. Total Contract Quantity x MPR).
Sample 1Sample 2Sample 3
Minimum Contract Quantity shall be defined as a Daily average of 110,000 Barrels per Day of Feedstock delivered for Customer’s account during each delivery Month during the term of this Agreement.
Sample 1Sample 2
Minimum Contract Quantity means the quantity of Product determined by multiplying 25 MMcf by the number of Days in the Primary Term.
Sample 1

Examples of Minimum Contract Quantity in a sentence

  • The Tolling Fee shall be increased for the 18-Month period immediately preceding and including the month of the commencement of such Scheduled Turnaround to include the Turnaround Fee shown on such Turnaround Budget to be assessed on each Barrel of Feedstock (using the Minimum Contract Quantity) in order to allow Owner to earn the Accrued Turnaround Cost.

  • If the Effective Date is any Day other than the first Day of a Month, then the Feedstock delivered to the Facilities for Customer’s account from the first Day of the Month through the Effective Date shall be considered for purposes of determining whether Company tendered its Minimum Contract Quantity for the Month.

  • Subject to the provisions of Section 3.3 below, Shipper shall make available for delivery to Gatherer at the Receipt Points a cumulative minimum volume of gas equal to the Minimum Contract Quantity over the initial six (6) MCQ Contract Years (as each MCQ Contract Year may be extended as provided for in Sections 9.5 or 10.1) of the term hereof.

  • No such assignment shall modify Shipper’s obligations as to the Minimum Contract Quantity; however, all production attributable to the assigned Leases shall continue to be credited against the Minimum Contract Quantity.


More Definitions of Minimum Contract Quantity

Minimum Contract Quantity shall be defined as 97,000 Barrels per Day.
Sample 1
Minimum Contract Quantity means 1,308.311 Bcf. Shipper’s gas plus any other third party gas produced from Shipper operated Xxxxx and delivered to the Receipt Point(s) each MCQ Contract Year shall be aggregated for purposes of calculating the Minimum Contract Quantity. All of Shipper’s gas available for delivery to the System shall count towards Shipper’s Minimum Contract Quantity. No Third Party Gas shall be included in the calculation of the Minimum Contract Quantity.
Sample 1
Minimum Contract Quantity means fifty percent (50%) of the Annual Contract Quantity, which is equal to 258,390 kWh per year.
Sample 1

Related to Minimum Contract Quantity

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

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

  • 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.

  • 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.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • 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;

  • 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.

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

  • 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.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

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

  • 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.

  • 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.

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • 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.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • 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.

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • 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.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

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

  • Service Volume means a measure of Services for which a Performance Target is set.