Monthly Contract Quantity definition

Monthly Contract Quantity or “MCQ” for each Month shall be equal to the aggregate of the DCQ in effect for each Day of the Month.

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Monthly Contract Quantity or “MCQ” means, for each month, the product of (a) the applicable Seasonal Shaping Factor for such month and (b) one hundred five percent (105%) of the Monthly Annualized Average.

Monthly Contract Quantity. Has the meaning given thereto in Section 4.2.1(c).

Examples of Monthly Contract Quantity in a sentence

• Monthly Contract Quantity: for any Month, it is the value, expressed in MWh(25°C), equal to the sum of the relevant DCQ-DPAs of all Days comprised within such relevant Month (“Monthly Contract Quantity DPA” or “MCQ-DPA”).

• During the Delivery Period, two business days before the start of the calendar month, Seller will Notify Buyer of the Scheduled Quantity for the calendar month, which Scheduled Quantity may be between 75% to 125% of the applicable Monthly Contract Quantity.

• Although Buyer's obligation to take or pay for gas, if available, is on an annual basis, it is desirable for administrative purposes to speak of a Monthly Contract Quantity.

• Subject to the deliverability qualification herein, Buyer shall take from each gas well hereunder a Monthly Contract Quantity equal to the number of days in the month times one million (1,000,000) cubic feet for each four billion (4,000,000,000) cubic feet of reserves committed to Buyer hereunder.

• Subject to the foregoing, Sterling agrees to use commercially reasonable efforts, subject to Sterling's existing or ongoing obligations to third parties, to meet any request by BP for Product (a) in any Month, in amounts in excess of the Maximum Monthly Contract Quantity, and (b) in any Quarter, in amounts in excess of the Maximum Quarterly Contract Quantity.

More Definitions of Monthly Contract Quantity

Monthly Contract Quantity or “MCQ” means the total sum of all DCQ for each Month, and shall be the basis for calculating Buyer’s Take or Pay obligation as described in Article 2.2(c).

Monthly Contract Quantity means the 10,000 HP-hours per hour multiplied by the number of hours in the applicable month."

Monthly Contract Quantity means the sum of the Firm Daily Contract Quantities for each Day of the applicable Month.

Monthly Contract Quantity shall have the meaning set forth in Article 3.2;

Monthly Contract Quantity means the 21,000 HP-hours per hour multiplied by the number of hours in the applicable month, excluding any hours during which there is an interruption of Shaft Energy delivery by ECS in accordance with Section 2.4 of this Agreement or a Force Majeure event hereunder.

Monthly Contract Quantity shall, for each month, mean a quantity of gas equal to the sum of the Daily Contract Quantity in effect for each day of the month in question, and shall not be less than the Monthly Minimum Quantity.

Monthly Contract Quantity means an amount of water on a monthly basis not to exceed 7.0 acre feet except in times of an AJWD Emergency.