Daily Quantities Clause Samples

Daily Quantities. (a) The maximum quantity of Contract Gas of which the Agent is entitled to require delivery on any Day of the Contract Term is, subject to Clause 7.4 of the Master Agreement, the MDQ in effect for that Day. (b) If Gascor receives a notice from the Sellers pursuant to Clause 5.5(d) of the Principal Contract that the aggregate of the quantity of Contract Gas nominated by Gascor for the following Day and the quantity nominated for that following Day pursuant to Sellers' Sales will be less than 100 TJ and that Sellers' Plant may be shut down on that following Day, Gascor must give the Agent oral or written notice of that fact as soon as reasonably practicable. The Agent may amend its Daily Nomination for the following Day no later than 10 minutes before the expiration of the hour afforded to Gascor under Clause 5.5(d) of the Principal Contract in which to amend Gascor's daily nomination. (c) If Gascor is informed by the Sellers pursuant to Clause 5.5(b) of the Principal Contract of the Sellers' best estimate of the quantity of Gas which the Sellers will be able to deliver on the Day following the Day in respect of which the Daily Nomination referred to in that Clause is given, Gascor must give the Agent oral or written notice of that fact as soon as reasonably practicable after being so informed by the Sellers. (d) If the Agent nominates for delivery on a Day a quantity of Contract Gas which exceeds the MDQ in effect for that Day, the Agent will be deemed to have nominated a quantity of Contract Gas equal to that MDQ.