DETERMINATION OF QUANTITIES Sample Clauses

DETERMINATION OF QUANTITIES. After subscribing capacity, the Shipper requests GRTgaz to transmit a quantity of energy on the Network on a given Day by means of Nominations. The day after the Day, GRTgaz determines the quantities that have been taken off and delivered. Clause 8 Forecasts, Nominations an d Schedules The procedures for forecasting, Nominations and scheduling are specified in Appendix D 2.1 to Section D2. Clause 9 Determination of quantities
Sample 1Sample 2Sample 3See All (14)
AutoNDA by SimpleDocs
DETERMINATION OF QUANTITIES. Clause 6 Principles Once subscribed, a Xxxxxxx who wants to use such capacity undertakes to request GRTgaz to transmit a quantity of energy on the Network on a given Day, by means of Nominations made via TRANS@ctions. Based on the Nominations received from all shippers present on the Network, GRTgaz shall: • check that the Shipper’s request is compliant with subscribed capacity, • check that the balancing obligations are met, • ensure that all the Nominations received are physically feasible and that they are consistent. Once verified and as accepted by GRTgaz, the quantity nominated by the Shipper becomes a scheduled quantity. The day after the said Day, GRTgaz determines the quantities that have been taken off, delivered and transmitted. The forecasting, Nomination and scheduling processes, the operational procedures as well as the provisions relating to balancing are defined in Section D1 for access to the PEG only and in Section D2 for use of upstream and downstream capacity, as applicable to the Shipper. Section D3 describes the Balancing in the L-gas Area applicable to the Shipper in Charge of H-gas to L-gas Quality Conversion Services. The principles governing the determination of quantities are defined in Section B for the Upstream Network and in Section C for the Downstream Network. Clause 7 Rules relating to units o f energ y quantity A quantity of energy expressed in kWh (GCV 25°C) may be converted into a quantity of energy expressed in MWh (GCV) by multiplying this quantity of energy by one point zero zero two six (1.0026) in accordance with the NF ISO 6976 standard, and by dividing the product of this multiplication by one thousand (1,000). A quantity of energy expressed in MWh (GCV) may be converted into a quantity of energy expressed in kWh (GCV 25°C) by multiplying this quantity of energy by one thousand (1,000) and by dividing the product of this multiplication by one point zero zero two six (1.0026) in accordance with the NF ISO 6976 standard. Any quantity of energy expressed in MWh (GCV) shall be rounded off with three (3) significant decimals according to the rules below. Any quantity of energy expressed in kWh (GCV 25°C) shall be rounded off with zero (0) significant decimals according to the following rules: • a non-significant decimal equal to zero (0), one (1), two (2), three (3) or four (4) shall not increase the significant decimal; • a non-significant decimal equal to five (5), six (6), seven (7), eight (8) or nine (9) shall incr...
Sample 1Sample 2Sample 3See All (9)
DETERMINATION OF QUANTITIES. 1. For every Storage Customer and every performance month (timeframe from the first gas day of a month, 06:00, until the first gas day of the following month, 06:00) astora shall determine, on an hourly basis and separately for each entry booking and exit booking, the working gas quantities which are booked in the Discounted Account or the Non- Discounted Account in each case.
Sample 1
DETERMINATION OF QUANTITIES. To determine quantities of Byproducts loaded for shipment off-site, each truck shall be weighed unloaded and loaded at the Plant on scales furnished by CITY. The CITY shall calibrate these scales as required by State of Florida regulations to maintain accuracy. Records of the frequency and results of the calibration data will be available upon request. If any other forms of transportation are used, Parties will mutually agree on means of loading and establishing weight.
Sample 1
DETERMINATION OF QUANTITIES. Refiner shall provide, operate and maintain meters or other appropriate measuring devices sufficient to measure quantities and temperatures relevant to Gas Oil and Alkylation Feedstock and CC Product and Alkylation Product. The type and location of such measuring devices shall be as set forth in Schedule F hereto. The quantities of Gas Oil, Alkylation Feedstock, CC Product and Alkylation Product delivered or redelivered hereunder shall be determined by reference to daily readings of such meters or other appropriate devices, or, pending installation of such meters or measuring devices, by such other methods as shall be mutually agreed upon by the Parties. Refiner agrees to calibrate flow meters and temperature recorders on a periodic basis as may be agreed upon by the Parties. Customer shall have the right to witness the calibrations. Following such calibrations, any equipment found to be inaccurate to any degree shall be adjusted immediately to measure accurately. If the Parties are unable to agree upon measurements of quantities delivered, the quantities shall, on demand by either Party, be conclusively determined by an independent inspector agreed upon by the Parties. The cost of such independent inspector shall be borne equally by Customer and Refiner. The quantities delivered or redelivered hereunder, as agreed upon by the Parties or an independent inspector, as applicable, shall be binding on the Parties. All quantities of Feedstock and Product shall be corrected for temperature to sixty degrees Fahrenheit (60ºF) in accordance with current methods established by the American Petroleum Institute or other methods mutually agreed to by the Parties. All measurements and calibrations shall be made in accordance with the latest standards or guidelines published by the American Petroleum Institute or the American Society for Testing Materials (“ASTM”) or otherwise generally accepted in the refinery industry.
Sample 1
DETERMINATION OF QUANTITIES. The quantities of Products sold hereunder shall be determined on the basis of the temperature thereof at 60(degree)F in accordance with "Table No. 6B of API Standard 2540, Manual of Petroleum Measurement Standards, Chapter 11.1--Volume Correction Factors--Volume II" (or any API/ASTM reissue or replacement thereof in effect at the time of measurement), or at Amoco's option, on the basis of gross volume, as established by Amoco for Jobber's class of trade in the applicable geographic area, or as otherwise required by law.
Sample 1
DETERMINATION OF QUANTITIES 
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs

Related to DETERMINATION OF QUANTITIES

  • DETERMINATION OF TOP HEAVY STATUS If this Plan is the only qualified plan maintained by the Employer, the Plan is top heavy for a Plan Year if the top heavy ratio as of the Determination Date exceeds 60%. The top heavy ratio is a fraction, the numerator of which is the sum of the present value of Accrued Benefits of all Key Employees as of the Determination Date and the denominator of which is a similar sum determined for all Employees. The Advisory Committee must include in the top heavy ratio, as part of the present value of Accrued Benefits, any contribution not made as of the Determination Date but includible under Code Section 416 and the applicable Treasury regulations, and distributions made within the Determination Period. The Advisory Committee must calculate the top heavy ratio by disregarding the Accrued Benefit (and distributions, if any, of the Accrued Benefit) of any Non-Key Employee who was formerly a Key Employee, and by disregarding the Accrued Benefit (including distributions, if any, of the Accrued Benefit) of an individual who has not received credit for at least one Hour of Service with the Employer during the Determination Period. The Advisory Committee must calculate the top heavy ratio, including the extent to which it must take into account distributions, rollovers and transfers, in accordance with Code Section 416 and the regulations under that Code section. If the Employer maintains other qualified plans (including a simplified employee pension plan), or maintained another such plan which now is terminated, this Plan is top heavy only if it is part of the Required Aggregation Group, and the top heavy ratio for the Required Aggregation Group and for the Permissive Aggregation Group, if any, each exceeds 60%. The Advisory Committee will calculate the top heavy ratio in the same manner as required by the first paragraph of this Section 1.33, taking into account all plans within the Aggregation Group. To the extent the Advisory Committee must take into account distributions to a Participant, the Advisory Committee must include distributions from a terminated plan which would have been part of the Required Aggregation Group if it were in existence on the Determination Date. The Advisory Committee will calculate the present value of accrued benefits under defined benefit plans or simplified employee pension plans included within the group in accordance with the terms of those plans, Code Section 416 and the regulations under that Code section. If a Participant in a defined benefit plan is a Non-Key Employee, the Advisory Committee will determine his accrued benefit under the accrual method, if any, which is applicable uniformly to all defined benefit plans maintained by the Employer or, if there is no uniform method, in accordance with the slowest accrual rate permitted under the fractional rule accrual method described in Code Section 411(b)(1)(C). If the Employer maintains a defined benefit plan, the Employer must specify in Adoption Agreement Section 3.18 the actuarial assumptions (interest and mortality only) the Advisory Committee will use to calculate the present value of benefits from a defined benefit plan. If an aggregated plan does not have a valuation date coinciding with the Determination Date, the Advisory Committee must value the Accrued Benefits in the aggregated plan as of the most recent valuation date falling within the twelve-month period ending on the Determination Date, except as Code Section 416 and applicable Treasury regulations require for the first and second plan year of a defined benefit plan. The Advisory Committee will calculate the top heavy ratio with reference to the Determination Dates that fall within the same calendar year.

  • Determination of Market Rent If Tenant timely and appropriately objects to the Market Rent in Tenant’s Acceptance, Landlord and Tenant shall attempt to agree upon the Market Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within twenty-one (21) days following Tenant’s Acceptance (“Outside Agreement Date”), then each party shall make a separate determination of the Market Rent which shall be submitted to each other and to arbitration in accordance with the following items (i) through (vii):

  • Determination of Gross-Up Payment Subject to sub-paragraph (c) below, all determinations required to be made under this Section 6, including whether a Gross-Up Payment is required and the amount of the Gross-Up Payment, shall be made by the firm of independent public accountants selected by the Company to audit its financial statements for the year immediately preceding the Change in Control (the "Accounting Firm") which shall provide detailed supporting calculations to the Company and the Executive within 30 days after the date of the Executive's termination of employment. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group affecting the Change of Control, the Executive may appoint another nationally recognized accounting firm to make the determinations required under this Section 6 (which accounting firm shall then be referred to as the "Accounting Firm"). All fees and expenses of the Accounting Firm in connection with the work it performs pursuant to this Section 6 shall be promptly paid by the Company. Any Gross-Up Payment shall be paid by the Company to the Executive within 5 days of the receipt of the Accounting Firm's determination. If the Accounting Firm determines that no Excise Tax is payable by the Executive, it shall furnish the Executive with a written opinion that failure to report the Excise Tax on the Executive's applicable federal income tax return would not result in the imposition of a penalty. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm, it is possible that Gross-Up Payments which will not have been made by the Company should have been made ("Underpayment"). In the event that the Company exhausts its remedies pursuant to sub-paragraph (c) below, and the Executive is thereafter required to make a payment of Excise Tax, the Accounting Firm shall promptly determine the amount of the Underpayment that has occurred and any such Underpayment shall be paid by the Company to the Executive within 5 days after such determination. Amended and Restated Change in Control Agreement

  • Determination of Option Rent In the event Tenant timely and appropriately exercises an option to extend the Lease Term, Landlord shall notify Tenant of Landlord’s determination of the Option Rent within thirty (30) days thereafter. If Tenant, on or before the date which is ten (10) days following the date upon which Tenant receives Landlord’s determination of the Option Rent, in good faith objects to Landlord’s determination of the Option Rent, then Landlord and Tenant shall attempt to agree upon the Option Rent using their best good-faith efforts. If Landlord and Tenant fail to reach agreement within ten (10) days following Tenant’s objection to the Option Rent (the “Outside Agreement Date”), then Tenant shall have the right to withdraw its exercise of the option by delivering written notice thereof to Landlord within five (5) days thereafter, in which event Tenant’s right to extend the Lease pursuant to this Section 2.2 shall be of no further force or effect. If Tenant does not withdraw its exercise of the extension option, each party shall make a separate determination of the Option Rent, as the case may be, within ten (10) days after the Outside Agreement Date, and such determinations shall be submitted to arbitration in accordance with Sections 2.2.3.1 through 2.2.3.7, below. If Tenant fails to object to Landlord’s determination of the Option Rent within the time period set forth herein, then Tenant shall be deemed to have objected to Landlord’s determination of Option Rent.

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

  • Determination of Entitlement (a) Where there has been a written request by Indemnitee for indemnification pursuant to Section 5.01(b), then as soon as is reasonably practicable (but in any event not later than 60 days) after final disposition of the relevant Proceeding, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case: (i) if a Change of Control shall not have occurred, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; or (ii) if a Change of Control shall have occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification).

  • Determination of Values The Borrower will conduct reviews of the value to be assigned to each of its Portfolio Investments as follows:

  • Determination of Rates Promptly after the determination of any interest rate provided for herein or any change therein, the Administrative Agent shall notify the Lenders to which such interest is payable and the Borrower thereof. Each determination by the Administrative Agent of an interest rate or fee hereunder shall, except in cases of manifest error, be final, conclusive and binding on the parties.

  • Determination of LIBOR ARTICLE V

Time is Money Join Law Insider Premium to draft better contracts faster.