Obligated Quantity definition

Obligated Quantity means the sum of the Receipt Point Delivery Requirement and Fuel Gas Delivery Requirement for the applicable Receipt Point.
Sample 1Sample 2Sample 3

Examples of Obligated Quantity in a sentence

  • The Backstopping Gas quantity shall be equal to the shortfall between the Obligated Quantity and the final Scheduled Quantity for the Day of Gas flow.

  • Except for cases of Force Majeure, a mandatory sale of backstopping Gas (“Backstopping Gas”) from FortisBC Energy to Marketer in a quantity equal to the amount of the shortfall will be deemed to have occurred in the event there is a shortfall between the total Scheduled Quantity at the Receipt Point and the Obligated Quantity at the Receipt Point for any Day.

Related to Obligated Quantity

  • 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.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.