Adjusted Annual Contract Quantity definition

Adjusted Annual Contract Quantity or “AACQ”, expressed in MMBtu, for each Contract Year shall be equal to the ACQ for the relevant Contract Year, plus any of the following:
Adjusted Annual Contract Quantity or “AACQ” has the meaning ascribed to it in Clause 6.03 of this Agreement;
Adjusted Annual Contract Quantity. (AACQ) for any Annual Year shall be equal to the ACQ for such Annual Year minus the sum of the following quantities for each Day during such Annual Year: a. Any quantity of Gas up to the DCQ for the relevant Days on which the SELLER or the BUYER was / were prevented from supplying or off-taking Gas due to Force Majeure Event(s) (including Force Majeure affecting Buyer’s Transporter Facilities). b. Any quantity of Gas up to the DCQ that was rejected by the BUYER in accordance with Clause 5.2 of the Agreement on account of Gas not meeting the Specifications c. Any quantity of Gas upto the DCQ that could not be accepted by the BUYER on account of failure of Seller to deliver gas at the pressure specified in Article 3.3 d. Any quantity of Gas up to the DCQ for the relevant Days on which the SELLER or the BUYER was / were prevented from supplying or off-taking Gas due to Planned Maintenance pursuant to Clause 6.4 of this Agreement e. Any quantity of Gas up to the DCQ for the relevant Days that the SELLER failed to make available for delivery unless such failure was i. Caused by BUYER’S failure to comply with the terms of this Agreement ii. Due to exercise of SELLER’S right to suspend Gas deliveries pursuant to Clause 1.3

Examples of Adjusted Annual Contract Quantity in a sentence

  • Consideration payable to a customerConsideration payable to a customer includes penalties that the Group expects to pay to its customer if it does not deliver the Adjusted Annual Contract Quantity or delivers off-specification gas.

  • According to the Informants, the said clause in the GSA relating to ‘Take or Pay’ liability is most abusive and unfair as the buyer has been made liable to ‘Take or Pay’ for a quantity of gas which is less than the Adjusted Annual Contract Quantity (AACQ).

  • The said clause in the GSA relating to ToP liability is most abusive and unfair as the buyer has been made liable to Take or Pay for a quantity of gas which is less than the Adjusted Annual Contract Quantity (AACQ).

  • Quantities 25 5.1 ACQ 25 5.2 Adjusted Annual Contract Quantity 28 5.3 Seasonal Deliveries 28 5.4 Round-Up/Round-Down Quantities 28 5.5 Major Scheduled Maintenance 29 5.6 Seller’s Delivery Obligation 30 5.7 Buyer’s Purchase Obligation 31 5.8 Buyer’s Right to Suspend Deliveries 34 6.


More Definitions of Adjusted Annual Contract Quantity

Adjusted Annual Contract Quantity or “Adjusted ACQ” has the meaning set out in Article 9.1.2.
Adjusted Annual Contract Quantity or “AACQ” for any Annual Year shall be equal to the ACQ for such Annual Year minus the sum of the following quantities for each Day during such Annual Year:

Related to Adjusted Annual Contract Quantity

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Year 1 means the year next following the export date and “year” followed immediately by any other numeral has a corresponding meaning; reference in this Agreement to an Act shall include the amendments to such Act for the time being in force and also any Act passed in substitution therefor or in lieu thereof and the regulations for the time being in force thereunder; power given under any clause of this Agreement other than clause 17 hereof to extend any period or date shall be without prejudice to the power of the Minister under the said clause 17; marginal notes shall not affect the interpretation or construction hereof; the phases in which it is contemplated that this Agreement will operate are as follows —

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Year 3 means the school year in which the majority of pupils attain the age of eight;

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Year 2 means the year after year 1; year 3 means the year after year 2, year 4 means the year after year 3, and so on; and

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.