Quarterly Shortlifted Quantity definition

Quarterly Shortlifted Quantity means 80% of Adjusted Quarterly Contracted Quantity (AQCQ) less actual offtake during the Contract Quarter; “SCF” means standard cubic foot of Gas;
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Quarterly Shortlifted Quantity or “Take or Pay Quantity” means 80% of Adjusted Quarterly Contracted Quantity (AQCQ) less actual offtake during the Contract Quarter [also ascribed at Article 06.01 b.];
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Quarterly Shortlifted Quantity means, for each Contract Quarter, the difference, if positive, between:
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Examples of Quarterly Shortlifted Quantity in a sentence

  • For such Make Up Gas delivered, Buyer shall have no rights to any amount previously paid in respect of such Quarterly Shortlifted Quantity.

  • During the Contract Period, the quantity of Gas equal to any Quarterly Shortlifted Quantity for which Buyer has paid QMGO charges shall constitute “Make Up Gas” accrued.

  • CDMOs have been supply- ing these services for well over a decade.

  • Charges towards Quarterly shortlifted Quantity shall be an amount equal to the product of: the Weighted Average Gas Price applicable during such Contract Quarter; and the Quarterly Shortlifted Quantity for such Contract Quarter, same will be referred as Quarterly Minimum Guaranteed Offtake (QMGO) Charges or Take or Pay charges.

  • Charges towards Quarterly shortlifted Quantity shall be an amount equal to the product of: the Weighted Average Gas Price applicable during such Contract Quarter; and the Quarterly Shortlifted Quantity for such Contract Quarter, same will be referred as Quarterly Minimum Guaranteed Offtake (QMGO) Charges Provided, however, that in case gas available with SELLER is less than Take or pay obligation Quantity and Buyer offtakes entire gas available, then BUYER shall pay only for the actual supply.

Related to Quarterly Shortlifted Quantity

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • 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.

  • Quarterly Distribution means with respect to each Distribution Date, the distribution to be made to the Holders of the Up-MACRO Tradeable Shares that are Outstanding on the Distribution Date pursuant to Section 5.2(a).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).