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.

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 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.

Examples of Annual Contract Quantity in a sentence

• 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.

• GENERAL PROVISIONS AND DEFINITIONS E15.1 Definitions Annual Contract Quantity or ACQ means the maximum quantity of natural gas Customer is entitled to nominate for transportation and that Company is obligated to transport for Customer, subject to the terms and conditions of this Rate Book, during a term consisting of the lesser of the contract term or one year.Business Day is Monday through Friday, excluding Company holidays.

• 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.

• 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.

• 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”).

More Definitions of Annual Contract Quantity

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.

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 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 or “ACQ” means the total sum of all DCQ for a Contract Year.

Annual Contract Quantity. Has the meaning given thereto in Section 5.2.1(d).