Quarterly Contract Quantity definition

Quarterly Contract Quantity or “QCQ” for each Quarter shall be equal to the aggregate of the DCQ in effect for each Day of the Quarter.
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Quarterly Contract Quantity means, for each Contract Quarter, the quantity of Gas equal to the summation of the DCQ in effect on each Day in the Contract Quarter. The “Adjusted Quarterly Contract Quantity” means the Quarterly Contract Quantity minus the sum of the following quantities for each Day during such Contract Quarter (but without double counting any of the following quantities):
Sample 1
Quarterly Contract Quantity means, for each Contract Quarter, the quantity of Gas equal to the sum of the DCQs of the relevant Contract Quarter.
Sample 1

Examples of Quarterly Contract Quantity in a sentence

  • Buyer shall take a quantity of Gas in each Contract Quarter equal to ninety percent (90%) of the Adjusted Quarterly Contract Quantity (“ Quarterly Take Obligation”), or Buyer shall be responsible for the payment of the Quarterly Deficiency Payment pursuant to Clause 10.a.iii below.

Related to Quarterly Contract Quantity

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

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • 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.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

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

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • 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.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • MMBtu means one million British thermal units.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.