Annual Minimum Quantity definition

Annual Minimum Quantity shall have the meaning set forth in Section 4.1(a)(i).
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Annual Minimum Quantity shall have the meaning set forth in Appendix 3.
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Annual Minimum Quantity is defined in the Principal Contract;
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Examples of Annual Minimum Quantity in a sentence

  • If the Company curtailed or interrupted service, the Annual Minimum Quantity shall be reduced by a fraction, the numerator of which is the actual number of days or fraction thereof, service was curtailed and the denominator of which is 365.

  • ANNUAL DEFICIENCY BILLIn the event the customer purchases less than the Annual Minimum Quantity of 50,000 therms as stated in the service agreement, the customer shall be charged an Annual Deficiency Bill.

  • During the term of this Agreement, City agrees to deliver at least the Annual Minimum Quantity of Permitted Solid Waste collected to the above facility on the condition that WMDSC accepts all such Permitted Solid Waste delivered to it by City.

  • The Annual Deficiency Bill shall be calculated as the difference between the Annual Minimum Quantity and the actual purchase or transport therms times per therm rates in this schedule, except Gas Costs (WACOG), plus all per therm rates for all adjustment schedules that would apply to service procured under this rate schedule.

  • The Annual Deficiency Bill shall be calculated by multiplying the difference between the Annual Minimum Quantity and the actual therms used times the commodity rate in this Rate Schedule 170 plus all applicable rate adjustments.

  • The Annual Deficiency Bill shall be calculated as the difference between the Annual Minimum Quantity and the actual purchase of transport therms times the difference between the per therm rates effective in this schedule and any modifying schedules less WACOG.

  • City shall qualify for the Contract Rate as specified below, if and only if City delivers to the above WMDSC facility at least the Annual Minimum Quantity of Permitted Solid Wastes collected by City.

  • ANNUAL DEFICIENCY BILLIn the event customer purchases less than the Annual Minimum Quantity, as stated in the service agreement, the customer shall be charged an Annual Deficiency Bill.

  • SERVICE AGREEMENT:Customers receiving service under this rate schedule shall execute a service agreement for an Annual Minimum Quantity of 50,000 therms a year.

  • If City fails to deliver to the WMDSC facility at least the Annual Minimum Quantity of Permitted Solid Wastes as above agreed, City agrees it shall be liable to WMDSC in an amount equal to the full Published Rate per ton times the Annual Minimum Quantity of Permitted Solid Wastes pursuant to the terms of this agreement, less the charges previously paid for all such Permitted Solid Wastes actually delivered to WMDSC pursuant to this agreement.


More Definitions of Annual Minimum Quantity

Annual Minimum Quantity means (a) for the first Contract Year in the Delivery Term, the product of (i) 0.95 and (ii) the sum of the Monthly Minimum Quantities for all months during such Contract Year, (b) for the second Contract Year in the Delivery Term, the product of (i) 0.90 and (ii) the sum of the Monthly Minimum Quantities for all months during such Contract Year, (c) for the third Contract Year in the Delivery Term, the product of (i) 0.85 and (ii) the sum of the Monthly Minimum Quantities for all months during such Contract Year, (d) for the fourth Contract Year in the Delivery Term, the product of (i) 0.80 and (ii) the sum of the Monthly Minimum Quantities for all months during such Contract Year, and (e) for the fifth Contract Year in the Delivery Term, the product of (i) 0.75 and (ii) the sum of the Monthly Minimum Quantities for all months during such Contract Year.
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Annual Minimum Quantity or "AMQ" has the meaning given it in the Electric Tariff Adjustment Method;
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Annual Minimum Quantity means the quantity set out in Schedule A for the relevant Contract Year in each case as varied from time to time in accordance with clauses 2.28, 3.53 or 3.63.
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Related to Annual Minimum Quantity

  • 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 Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • 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.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Normal Minimum Generation means the lowest output level of a generating resource under normal operating conditions.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

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

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • 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 —

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Year 3 means the tax year preceding the current tax year.

  • 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

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

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Supply Period means for a Supply Point, the period beginning on the Start Date and ending on the Termination Date;

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • 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.

  • Minimum Term means each minimum initial and subsequent period of service for each Service as shown on the Service Agreement and Order Schedule, the initial period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed or if not stated on the Service Agreement or order schedules, the Minimum Term will be 12 months or such other period as may be notified to you in accordance with paragraph 19.2.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Actual Minimum means, as of any date, the maximum aggregate number of shares of Common Stock then issued or potentially issuable in the future pursuant to the Transaction Documents, including any Underlying Shares issuable upon exercise in full of all Warrants, without giving effect to any limits on the number of shares of Common Stock that may be owned by a Holder at any one time.

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Minimum Royalty shall have the meaning set forth in Section 7.3.