Offset Quantity and Close Out Quantity. (a) The total quantity to be offset for a relevant Gas Day at a Trading Location (Offset Quantity) is the lesser of TQS and TQB, where TQS is the total of the Transaction Quantities for relevant Transactions in which the Defaulting Participant is the Seller; and TQB is the total of the Transaction Quantities for relevant Transactions in which the Defaulting Participant is the Buyer.
Appears in 8 contracts
Samples: aemo.com.au, aemo.com.au, Hub Exchange Agreement
Offset Quantity and Close Out Quantity. (a) The total quantity to be offset for a relevant Gas Day at a Trading Location (Offset Quantity) is the lesser of TQS and TQB, where TQS is the total of the Transaction Quantities for relevant Transactions in which the Defaulting Participant is the Seller; and TQB is the total of the Transaction Quantities for relevant Transactions in which the Defaulting Participant is the Buyer. The total quantity which is subject to close out for a relevant Gas Day at a Trading Location (Close Out Quantity) is the absolute value of TQS – TQB.
Appears in 2 contracts
Samples: aemo.com.au, www.aemo.com.au
