Adjusted Monthly Contract Quantity definition

Adjusted Monthly Contract Quantity or “AMCQ” for any Month shall be equal to the MCQ for such Month minus the sum of the following quantities for each Day during such Month: i. any quantity of Gas up to the BNQ for the relevant Days on which the Sellers or the Buyer was/were prevented from supplying or taking Gas due to Force Majeure Event(s); ii. any quantity of Gas up to the BNQ for the relevant Days that was rejected by the Buyer in accordance with Clause 7 of the Agreement; iii. any quantity of Gas up to the BNQ for the relevant Day which a Party did not nominate or schedule due to Planned Maintenance of Parties, in accordance with Clause 12 of the Agreement; iv. any quantity of Gas up to the BNQ for the relevant Days that the Sellers failed to make available for delivery unless such failure was: (i) caused by Xxxxx’s failure to comply with the terms of this Agreement; or (ii) due to exercise of Sellers’ right to suspend Gas deliveries pursuant to Clause 14;
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Adjusted Monthly Contract Quantity or “AMCQ” for any Month shall be equal to the MCQ for such Month minus the sum of the following quantities for each Day during such Month: i. Any quantity of Gas up to the BNQ for the relevant Days on which the Sellers or the Buyer was/were prevented from supplying or taking Gas due to Force Majeure Event(s); ii. Any quantity of Gas up to the BNQ for the relevant Days that was rejected by the Buyer in accordance with Clause 7 of the Agreement; iii. Any quantity of Gas up to the BNQ for the relevant Days that the Sellers failed to make available for delivery unless such failure was: (i) caused by Xxxxx’s failure to comply with the terms of this Agreement; or (ii) due to exercise of Sellers’ right to suspend Gas deliveries pursuant to Clause 13;
Sample 1Sample 2
Adjusted Monthly Contract Quantity or “AMCQ” for any Month shall be equal to the MCQ for such Month minus the sum of the following quantities for each Day during such Month: i. Any quantity of Gas up to the DCQ for the relevant Days on which the Sellers or the Buyer was/were prevented from supplying or taking Gas due to Force Majeure Event(s); ii. Any quantity of Gas up to the DCQ for the relevant Days that was rejected by the Buyer in accordance with Clause 7 of the Agreement; iii. Any quantity of Gas up to the DCQ for the relevant Days on which the Sellers or the Buyer was/were prevented from supplying or taking Gas due to planned Maintenance pursuant to Clause 12 of the Agreement; iv. Any quantity of Gas up to the DCQ for the relevant Days that the 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 exercise of Sellers’ right to suspend Gas deliveries pursuant to Clause 1;
Sample 1

Related to Adjusted Monthly Contract Quantity

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

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • 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.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • 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.

  • 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.

  • Adjusted Gross Sales means for either party distributing and selling Product (in this Section the “Selling Party”):

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • 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.

  • 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.

  • 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.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.