Annual Contract Quantity definition

Annual Contract Quantity. (ACQ) means a quantity of gas, as specified in the transportation contract between the customer and the Company, that is based on the customer's maximum historical 12-month usage (determined from the customer's 36-month base period) plus adjustments for known or expected changes.

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Annual Contract Quantity. (ACQ) means the greatest quantity of gas that can be delivered for transportation on the customer's behalf for any given year as specified in the contract. The contracted ACQ shall be adjusted based on the customer's highest consecutive 12-month usage determined from the latest 36 months of data except that the ACQ may be adjusted, at the Company's sole discretion, for known or expected changes, or special operating conditions. The Company will conduct a review of the customer's ACQ once each 5-year period and may adjust the ACQ value based on the highest consecutive 12-month usage determined from the latest 36 months of data as adjusted. The Company may review and adjust a customer's ACQ if the customer requests a change to their gas transportation agreement.

Annual Contract Quantity or “ACQ” for each Annual Year shall be equal to the aggregate of the DCQ in effect for each Day of the Annual Year.

Examples of Annual Contract Quantity in a sentence

• Upon Purchaser’s Notice to Seller accepting the Revised Design (whereupon such Revised Design shall be considered the “Final Design”), Project Schedule, and Annual Contract Quantity, such documents shall be deemed final and binding on the Parties, and Schedule 2 (System Description), Schedule 4 (Project Schedule), and Schedule 6 (Annual Contract Quantity), in the forms approved by Purchaser, shall be amended and attached to this Agreement.

• Beginning on the Actual Commercial Operation Date and during each Billing Year throughout the Term, Seller guarantees to deliver Output to Purchaser not less than ninety percent (90%) of the Annual Contract Quantity (in kWh) for such Billing Year, as adjusted by the Site Adjustment Factor (the “Output Guarantee”).

• Following receipt of the Initial Design, Project Schedule, and Annual Contract Quantity as provided in Section 4.1(d), Purchaser shall promptly review and, as soon as reasonably practicable, provide comments to such document by Notice to Seller but in no event shall such period to review and provide comments exceed thirty (30) Business Days following Purchaser’s receipt thereof.

• As soon as practicable but in no event longer than thirty (30) Business Days following receipt of the Revised Design, Project Schedule, and Annual Contract Quantity as provided in Section 4.1(e), Purchaser shall provide Seller with either (A) Notice accepting such documents, or (B) Notice explaining why Purchaser does not accept such documents and providing comments.

• The procedures described in this Section 4.1(f) shall be repeated as necessary until Purchaser has accepted the Revised Design, Project Schedule, and Annual Contract Quantity.

More Definitions of Annual Contract Quantity

Annual Contract Quantity means, for each Contract Year, the number of MWh set forth on Appendix C.

Annual Contract Quantity or “ACQ" has the meaning ascribed to it in Clause 5.03 of this Agreement;

Annual Contract Quantity means, for the particular Billing Year, the pre-weather adjusted estimated amount of expected Output (in kWh) for the System as set forth in the “Annual Contract Quantity” column on Schedule 6.

Annual Contract Quantity means, for the particular Billing Year, the amount of expected Output (in kWh) set forth on Schedule 6 (Annual Contract Quantity).

Annual Contract Quantity or “ACQ” has the meaning set out in Article 6.1.

Annual Contract Quantity or “ACQ” means the quantity agreed between the Service Provider and the User as the maximum quantity of gas which the Service Provider agrees to receive, transport and deliver each Contract Year.

Annual Contract Quantity means the sum of all Hourly Settlement Quantity amounts for the applicable Contract Year.] [If Seller is not providing a shaped product: If, at any point in any Contract Year, the amount of Facility Energy plus the amount of Deemed Delivered Energy above the Curtailment Cap exceeds one hundred and five percent (105%) of the Expected Energy for such Contract Year, the price to be paid for additional Facility Energy or Deemed Delivered Energy shall be equal to the lesser of (a) the Delivery Point LMP for the Real Time Market for the applicable Settlement Interval or (b) fifty percent (50%) of the Contract Price, but not less than $0.00/MWh.] If, at any point in any Contract Year, the amount of Facility Energy plus the amount of Deemed Delivered Energy exceeds one hundred and fifteen percent (115%) of the Expected Energy for such Contract Year, no payment shall be owed by Buyer for any additional Facility Energy or Deemed Delivered Energy.