Option Quantity definition

Option Quantity means the quantity of Commodity that is covered by an Option and that, upon the proper exercise of such Option by the Option buyer, is required to be sold and delivered (and purchased and received) pursuant to the Transaction.
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Option Quantity means the quantity of Coal that is covered by an Option and that, upon the proper exercise of such Option by the Option Buyer, is required to be sold and delivered (and purchased and received) pursuant to the Transaction.
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Option Quantity means the quantity of Fuel that is covered by an Option and that, upon the proper exercise of such Option by the Option Buyer, is required to be sold and delivered (and purchased and received) pursuant to the Transaction.
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Examples of Option Quantity in a sentence

  • Where pursuant to paragraph 2.17.8 a Force Majeure Option Quantity is deemed to have been surrendered at the affected ASEP in relation to a Day, the amount of the Force Majeure Entry User’s Available Firm NTS Entry Capacity at the affected ASEP shall be reduced by such Force Majeure Option Quantity.

  • National Grid NTS may exercise (by no later than the latest exercise time specified in paragraph 2.17.5(g)) a Force Majeure Option in respect of any Day or Days during the period of the Force Majeure Option Arrangement to which the Force Majeure Option pertains and will provide notification of such exercise and the Force Majeure Option Quantity in respect of such Force Majeure Option.

  • Upon the exercise of the Force Majeure Option in accordance with paragraph 2.17.7, the Force Majeure Entry User will be deemed to have surrendered the Force Majeure Option Quantity in respect of such Force Majeure Option and authorised National Grid NTS to take any actions to give effect to such surrender.

  • GCC-clause 5.10 (Book Examination clause), GCC-clause 6.5 (Option Quantity clause), GCC- clause 10.1.6 (Fall clause) shall not apply unless invoked explicitly in the contract.

  • After May 31st but before the Contractor has ceased production of the Work for that year, a mutually acceptable delivery schedule for the Additional Option Quantity will be negotiated and evidenced through a contract amendment.

  • For the avoidance of doubt, if the Seller’s option to sell and the Buyer’s obligation to purchase any Unexercised Option Quantity relating to a Scheduled Delivery Date lapses in accordance with clause3.1.6, the Seller’s option with respect to a future Scheduled Delivery Date (if any) and the Buyer’s obligation in relation to such future Scheduled Delivery Date will continue in accordance with the terms of the Contract unless varied by written agreement of both of the parties.

  • IPV victimization in pregnancy increases postpartum STI incidence among adolescent mothers in Durban, South Africa.

  • Additional doses purchased after May 31st as set out in section 2.4.3 Option Quantity – Additional Doses in each year of the contract are excluded from liquidated damages.

  • Delivery - Option Quantity The delivery of the option quantity must commence within calendar days from receipt of the contract amendment and after final delivery of the contract quantity.

  • Rejection Limits, premiums and/or penalties, and, if the Transaction includes an Option, Option Quantity, Exercise Date(s), strike price(s) and any other relevant terms agreed to by the Parties, including any specific exceptions to the Master Agreement.


More Definitions of Option Quantity

Option Quantity means any amount of Biomass which the Seller agrees to sell and deliver and the Purchaser agrees to purchase and accept in accordance with Clause Error! Reference source not found.(b) (Option Quantities).
Sample 1
Option Quantity. Like volumes as set forth in the Commodity Purchase.
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Option Quantity. Like volumes as set forth in the Put Option.
Sample 1

Related to Option Quantity

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e).

  • Share Delivery Quantity For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Net Share Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement Date. Net Share Settlement Amount: For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

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

  • 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.

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

  • 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.

  • 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.

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

  • PRICED SCHEDULE OR QUANTITIES means the schedule duly priced.

  • 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.

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • 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.

  • 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;

  • Purchase Order means the form or format a Customer uses to make a purchase under the Contract (e.g., a formal written purchase order, electronic purchase order, procurement card, contract or other authorized means).

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

  • Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.1. Demand Bid:

  • MMBtu means one million British Thermal Units.

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • Delivery Schedule means the schedule for the delivery of Services as set forth in attached Annex 3.

  • Contract Unit Price means the total price per unit charged to DLA Troop Support for a product delivered to DLA Troop Support’s customers. The Contract unit price consists of three components: delivered price plus distribution price less Government rebates and discounts. The unit price sum of the three component prices shall be rounded up or down as applicable, to the nearest cent to determine the final Contract unit price.

  • MDQ means the total maximum MMBtu which Company shall be obligated to receive or deliver on a firm basis on any given day on behalf of customer.

  • Expedited Deliverability Study means a deliverability study that an eligible Developer may elect to pursue as that term is defined in OATT Section 25 (OATT Attachment S) that may determine the extent to which an existing or proposed facility satisfies the NYISO Deliverability Interconnection Standard at its requested CRIS level without the need for System Deliverability Upgrades. The schedule and scope of the study is defined in Sections 25.5.9.2.1 and 25.7.1.2 of this Attachment S.

  • Bill of Quantities means the priced and completed Bill of Quantities forming part of the tender.

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • Feedstock means a solid waste that will readily decompose during the composting process including but not limited to yard waste, agricultural waste, animal waste, food scraps, animal carcasses, raw rendering material, and mixed solid waste.

  • 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.