Take or Pay Quantity definition

Take or Pay Quantity means for each Contract Quarter, ninety percent (90%) of the Quarterly Offtake Quantity for such Contract Quarter less the sum of the following quantities for each Day during such Contract Quarter (but without double counting any of the following quantities):

Take or Pay Quantity means the quantity of e-Bid RLNG calculated in accordance with Article 6.1.

Take or Pay Quantity or TOP Quantity” is defined in Clause 4.3 (b).

Examples of Take or Pay Quantity in a sentence

• Upon and for the duration of such suspension, Sellers shall be relieved of their obligation to make Gas available for delivery to Buyer under this Agreement, but Buyer shall not be discharged of any of its obligations under this Agreement including Buyer’s obligations to take and pay for or pay for if not taken a quantity of Gas at least equal to the Take or Pay Quantity for the relevant Contract Year, except for event mentioned under Clause 14(A)(iii).

• If Buyer has accrued a right to Make Up Gas in any Contract Quarter, then in any subsequent Contract Quarter, once the Buyer has first taken the Take or Pay Quantity for such subsequent Contract Quarter, Buyer shall have the right to receive a credit for all Make Up Gas quantities taken above the Take or Pay Quantity (as per Article06).

• Upon and for the duration of such suspension, Seller shall be relieved of their obligation to make Gas available for delivery to Buyer under this Agreement, but Buyer shall not be discharged of any of its obligations under this Agreement including Buyer’s obligations to take and pay for, or pay for if not taken a quantity of Gas at least equal to the Take or Pay Quantity for the relevant Contract Year, except for event mentioned under Clause 14(A)(iii).

• In respect of each Gas Day, if the quantity of Gas taken by Buyer is less than the Take or Pay Quantity (as mentioned above), then Buyer shall in addition to payments for Gas actually taken pay for Buyers Daily Take or Pay Deficiency Quantity.

• Subject to paragraphs(e) to (g), if the Buyer has in any Commodity Take or Pay Period taken delivery of the Commodity Take or Pay Quantity for that Commodity Take or Pay Period under the Transaction then any further deliveries of Gas in that Commodity Take or Pay Period (other than an Overrun Quantity) must first be applied against the outstanding balance of any Make-Up Gas accumulated by the Buyer for that Transaction.

• Upon and for the duration of such suspension, Sellers shall be relieved of their obligation to make Gas available for delivery to Buyer under this Agreement, but Buyer shall not be discharged of any of its obligations under this Agreement including Buyer’s obligations to take and pay for or pay for if not taken a quantity of Gas at least equal to the Take or Pay Quantity for the relevant Contract Year, except for event mentioned under Clause 13(A)(ii).

• To the extent permitted by law and in the absence of any adverse impacton any University program, Coach will be eligible to receive academic incentives payments based on the single‐year Academic Progress Rate (APR) of the football team.

• For each contract, the Buyer shall be obligated to take and pay for, or pay for if not taken, a quantity of Gas at least equal to the Take or Pay Quantity for such contract period.

• The “Buyer’s Take or Pay Deficiency Quantity” shall be the positive difference between: - i) Take or Pay Quantity and ii) Seller’s Allocated Quantity at the entry point.

• The “Buyer’s Daily Take or Pay Deficiency Quantity” shall be the positive difference between: - i) Take or Pay Quantity and ii) Seller’s Allocated Quantity at the entry point.

More Definitions of Take or Pay Quantity

Take or Pay Quantity means the Minimum Monthly Quantity adjusted by deducting all amounts of Contract Gas equal to any amount, up to the MDQ for each Day, that the Sellers have failed to make available to Buyer for nomination (whether due to Force Majeure events or not) or has failed to deliver to the Buyer in accordance with the Daily Nomination, that the Buyer is obliged to pay for in a Month whether or not it has nominated such quantity for delivery;

Take or Pay Quantity means the quantity determined in accordance with Clause 6.1. ----------

Take or Pay Quantity means for each Contract Month, ninety percent (90%) of the Monthly Offtake Quantity for such Contract Month less the sum of the following quantities for each Day during such Contract Month (but without double counting any of the following quantities):(a) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day and that Buyer was prevented from purchasing and taking by reason of Force Majeure; plus(b) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Sellers failed to make available for delivery unless such failure was: (i) caused by Buyer’s failure to comply with the terms of this Agreement; or (ii) due to the exercise of Sellers’ right to suspend Gas deliveries pursuant to Clause 19; plus(c) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Buyer would have purchased and taken but which Buyer rejected in accordance with Clause 13 because it failed to meet the Specifications; plus(d) any quantity of Gas up to the DCQ for the relevant Day which a Party did not nominate or schedule due to Planned Maintenance pursuant to Clause 14. “Take or Pay Quantity” means for each Contract Quarter, ninety percent (90%) of the Quarterly Offtake Quantity for such Contract Quarter less the sum of the following quantities for each Day during such Contract Quarter (but without double counting any of the following quantities):(a) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day and that Buyer was prevented from purchasing and taking by reason of Force Majeure; plus(b) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Sellers failed to make available for delivery unless such failure was: (i) caused by Buyer’s failure to comply with the terms of this Agreement; or (ii) due to the exercise of Sellers’ right to suspend Gas deliveries pursuant to Clause 19; plus(c) any quantity of Gas up to the Nominated Daily Quantity for the relevant Day that Buyer would have purchased and taken but which Buyer rejected in accordance with Clause 13 because it failed to meet the Specifications; plus(d) any quantity of Gas up to the DCQ for the relevant Day which a Party did not nominate or schedule due to Planned Maintenance pursuant to Clause 14.

Take or Pay Quantity has the meaning given to such term in Clause 10.2 (a).