Annual Contracted Quantities definition

Annual Contracted Quantities or “ACQ”). For part of Year, the ACQ shall be prorated accordingly.
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Annual Contracted Quantities or “ACQ”). For part of Year, the ACQ shall be prorated accordingly. Provided that upon completion of three (3) years from the First Delivery Date, in case the average of the yearly Level of Lifting (LL) by the Purchaser, as calculated in accordance with Clause 4.7, during this three (3) years is less than eighty percent (80%) of the ACQ, the ACQ shall be revised to be the highest of the Level of Lifting achieved by the Purchaser in any of three (3) years. The ACQ so revised shall apply for the remaining two (2) years of the Agreement. It is expressly clarified that no such revision in ACQ shall take place if the average of the yearly Level of Lifting (LL) by the Purchaser (as calculated in accordance with Clause 4.7) during this three (3) years average Level of Lifting (LL) during is equal to or greater than eighty percent (80%).
Sample 1Sample 2
Annual Contracted Quantities or “ACQ”). For part of Year, the ACQ shall be prorated accordingly. Provided that upon completion of three (3) years from the First Delivery Date, in case the average of the yearly Level of Lifting (LL) by the Purchaser, as calculated in accordance with Clause 4.7, during this three (3) years is less than eighty percent (80%) of the ACQ, the ACQ shall be revised to be the highest of the Level of Lifting achieved by the Purchaser in any of three (3) years. The ACQ so revised shall apply for the remaining two
Sample 1

Examples of Annual Contracted Quantities in a sentence

  • The CSAs have a provision for a review at the end of every five years, in respect of Annual Contracted Quantities (“ACQ”) and all other related provisions.

  • The Annual Contracted Quantities for the Year, as per Schedule - I, shall be divided into Quarterly Quantities (QQ).

  • The ACQs (Annual Contracted Quantities) are downwards flexible.Azerbaijan: trades through the Southern route on an LTC basis only.

  • The annual auctions shall take place the latest by October 15th of each year and in any event at a time prior to the nominations of the Annual Contracted Quantities to DEPA, so as to provide every Customer and / or Supplier the possibility of a more efficient management of their contractual obligations.

  • For customers with a contract duration that extends beyond 31/12/14 the adjustment limit of 5% for the Annual Contracted Quantities, according to Decision No. 551/VII/2012 of the HCC, applies.

Related to Annual Contracted Quantities

  • 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.

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

  • Bill of Quantities means the priced and completed Bill of Quantities forming part of the tender.

  • MMBtu means one million British thermal units.