Replacement Supply definition

Replacement Supply means Natural Gas quantities obtained by Utility to replace the portion of a Scheduled Quantity that GASMARK fails to deliver in accordance with a Daily Nomination.

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Replacement Supply means Natural Gas quantities obtained by Utility to replace a portion of a Scheduled Quantity that UGIES fails to deliver in accordance with a Daily Nomination.

Replacement Supply means Natural Gas quantities obtained by Utility to replace the portion of a Scheduled Quantity that UGI ES fails to deliver in accordance with a Daily Nomination.

Examples of Replacement Supply in a sentence

• Unless otherwise excused by the waiver of a delivery obligation under Section 3.5 or a Force Majeure Event under Section 7.2, if GASMARK fails to deliver all or a portion of a Scheduled Quantity on any day, GASMARK shall pay Utility (i) the positive difference between the cost of Replacement Supply and the applicable commodity charges for the undelivered quantity, and (ii) a liquidated damages charge of $75 per Dth applied against all undelivered quantities.

• Buyer shall supply Seller with Replacement Supply Contracts (as defined in the Consent Order) acceptable to Buyer and authorize(s) Seller to offer such contracts to each Northwest Branded Seller (as defined in the Consent Order).

• At the Effective Time, the Company shall assign to Seller or its designee, the Existing Supply Agreement (as defined in the Consent Order) with respect to the Northwest Branded Sellers which do not accept the Replacement Supply Contracts.

• The Company shall enter into the Replacement Supply Contracts with the Northwest Branded Sellers which accept the contracts as of the Effective Time.

More Definitions of Replacement Supply

Replacement Supply means Natural Gas quantities obtained by Utility to replace a portion of a Scheduled Quantity that UG1ES fails to deliver in accordance with a Daily Nomination. 1.10 "Scheduled Quantity" shall mean, for a particular Delivery Day, the quantity of Natural Gas that Utility requests in a Nomination and UGIES confirms. 1.11 "Total Winter Entitlement" or "TWE" shall mean the maximum quantity of Natural Gas that Utility is entitled to receive and UGIES is obligated to deliver on a Firm basis during a Winter Season. The TWE for each Winter Season during the Primary Term shall be as follows: Winter Season TWE 2015 through 2016 854,895 Dth 2016 through 2017 914,415 Dth 2017 through 2018 1,141,935 Dth 2018 through 2019 1,369,455 Dth 2019 through 2020 1,596,975 Dth 1.12 "Winter Season" shall refer to the period beginning at 10:00 a.m. ECT November 1 and ending at 9:59 a.m. ECT the following March 31.