Minimum Scheduled Dispatch Quantity definition
Minimum Scheduled Dispatch Quantity means a quantity of Scheduled Dispatch Gas for a Month equal to the product of (i) .80, multiplied by (ii) the quantity of Scheduled Dispatch Gas Buyer or Fuel Manager has Scheduled for delivery during such Month, less any quantities of Scheduled Dispatch Gas that Seller is unable to deliver to the Delivery Point(s) for any reason or Buyer is unable to receive due to an Event of Force Majeure during such Month.
Examples of Minimum Scheduled Dispatch Quantity in a sentence
If the Scheduled Dispatch Charge under Section 7.1(b) in effect for the Month in which Buyer fails to take the Minimum Scheduled Dispatch Quantity exceeds the Scheduled Dispatch Charge in effect for the Month when such Scheduled Dispatch Make-Up Gas is delivered, Seller shall credit the invoice sent to Buyer following the Month in which such Scheduled Dispatch Make-Up Gas is delivered to reflect the difference in the two prices.
Subject to Section 3.3(b), during each Month Buyer shall take or pay for a quantity of Scheduled Dispatch Gas at least equal to the Minimum Scheduled Dispatch Quantity, unless Seller waives such minimum take requirement.