Requirements Quantity definition

Requirements Quantity means the quantity of Gas on any Gas Day that is needed -------------------- to serve the full requirements of Buyer on that Gas Day, which includes Gas required by Buyer for its Firm Customers and Gas required by Buyer to serve its Operational Needs; provided that in no event will the Requirements Quantity on any Gas Day be greater than the sum of Buyer's maximum daily transportation quantities (excluding transportation of storage withdrawal quantities), plus Buyer's maximum daily storage withdrawals, plus Buyer's maximum daily LNG withdrawals, all as provided in the Asset Management Agreement.
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Examples of Requirements Quantity in a sentence

  • Seller ------------------------------------------------------------ shall Schedule and deliver at the appropriate Delivery Points on a firm basis each Gas Day 100% of the total quantity of Gas required by Buyer to meet on such Gas Day is Requirements Quantity, which includes Gas for Firm Customers on Buyer's system and Gas for Interruptible Sales and Gas-Related Transportation Requirements as defined in Appendix 1, below.

  • If on any Gas Day, ------------------------------------------------- Buyer purchases from a third party any portion of Buyer's Requirements Quantity for which delivery is tendered by Seller, then such occurrence shall constitute a "Buyer's Deficiency Default" and "Buyer's Deficiency Quantity" shall be the quantity of Gas Buyer purchased from third parties on such Gas Day.

  • Buyer will receive at the Deliver Points each Gas Day a quantity of Gas equal to ▇▇▇▇▇'s Requirements Quantity.

  • The specific terms and conditions reached between Buyer and Seller regarding the purchase of the Requirements Quantity of Gas by Buyer from Seller are specified in Exhibit "B" and are herein incorporated by reference.

  • The availability of this remedy will not relieve Seller of its obligation to stand ready to and actually to deliver ▇▇▇▇▇'s Requirements Quantity during the term of this Agreement.

  • Seller represents and warrants that it will ------------------------ have and maintain a supply of Gas capable of being delivered to the Delivery Points, which will include LNG as described in the Asset Management Agreement, sufficient to satisfy Buyer's Requirements Quantity.

  • If on any Gas Day Seller fails to deliver --------------------------- Buyer's Requirements Quantity, then such occurrence shall constitute a "Seller's Deficiency Default" and "Seller's Deficiency Quantity" shall be the numerical difference between the actual Buyer's Requirements Quantity and the amount of Gas actually delivered for such Gas Day.

  • The Parties agree that ----------------------------- ------------------ this Agreement is a "requirement contract" and that Seller shall be the exclusive supplier of Buyer's Requirements Quantity during the term of this Agreement.

  • In the event Seller fails to deliver all or any part -------------------- of the Requirements Quantity, whether or not such failure is excused under the terms of this Agreement, Buyer, pursuant to the terms and conditions of its Tariff, and applicable regulations, shall curtail its Customers pursuant to the emergency load shedding policies of the Rhode Island Public Utility Commission.