Monthly Deficiency Quantity definition

Monthly Deficiency Quantity means, as to any Month, the difference, if positive, between (a) eighty percent (80%) of the Adjusted Monthly Contract Quantity in such Month and (b) the quantity of Sales Gas actually taken by Buyer in such Month. If, in any Month, there is a Monthly Deficiency Quantity, Buyer shall pay Sellers an amount (“Monthly Deficiency Payment”) equal to the product of (A) Weighted Average Monthly Contract Price applicable during such Month and (B) applicable Monthly Deficiency Quantity for such Month.
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Monthly Deficiency Quantity means the amount by which the product of (a) the Committed Volume, multiplied by (b) the number of days in any given Month, exceeds the applicable Actual Shipments by Shipper on the Diluent Pipeline during the same Month.
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Monthly Deficiency Quantity means, for each Contract Month, the difference, if positive, between: (a) the Take or Pay Quantity for such Contract Month; and (b) the Monthly Allocated Quantity for such Contract Month. If the result is a negative number, the Monthly Deficiency Quantity for such Contract Month shall be deemed to be zero (0).
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Examples of Monthly Deficiency Quantity in a sentence

  • As per Figure 3, Azerbaijan has coverage ratio of 71.6%, similar to that of such economies as Australia (70%), New Zealand (74%), Philippines (74%) and the European Union (69%), which is above regional and global averages of approximately 57%.

  • If the result is a negative number, the Monthly Deficiency Quantity for such Contract Month shall be deemed to be zero (0).

  • Belle Fourche states that the deficiency payment is equal to the difference between the DVC and the number of barrels the expansion shipper actually shipped (the Monthly Deficiency Quantity, or MDQ) multiplied by the Expansion Rate.


More Definitions of Monthly Deficiency Quantity

Monthly Deficiency Quantity shall have the meaning set forth in Section 5.1.2 hereof. “Notice of Commencement Date” shall have the meaning set forth in Section 3.2 hereof.
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Monthly Deficiency Quantity has the meaning given to it in Section 7.01;
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Monthly Deficiency Quantity has the meaning given to it in Section 6.02 of this Agreement; “NEB” means the National Energy Board and any lawful successor agency thereto;
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Related to Monthly Deficiency Quantity

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • 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.