Applicable MCQ definition

Applicable MCQ means either the MCQ or the Increased MCQ, and is the maximum monthly amount of Conforming SNG that Buyer and other Purchasing Utilities in aggregate are obligated to purchase in any single month pursuant to this Agreement and the Other SNG Contracts.
Sample 1Sample 2Sample 3
Applicable MCQ means either the MCQ or the Increased MCQ, and is the maximum monthly amount of Conforming SNG that Buyer is obligated to purchase in any single month.
Sample 1

Examples of Applicable MCQ in a sentence

  • Notwithstanding anything to the contrary in the foregoing, in each month Buyer shall be obligated to take and pay for the Buyer’s Allocated Percentage of the Conforming SNG tendered by Seller at the Title Transfer Point for Buyer, but in all cases subject to the limitations of the Buyer’s Allocated Percentage of the Applicable MCQ and the ACQ limitations and the Buyer’s Allocated Percentage of the Maximum DCQ and subject to any other limitations in this Agreement.

  • Any SNG produced by the Plant in any month in excess of the Applicable MCQ or in any Contract Year in excess of the ACQ shall be marketed and sold as Incremental Production by the Marketer in accordance with the Marketing and Services Agreement.

  • Any amounts produced by the Plant in a given month in excess of the Applicable MCQ or in any Contract Year in excess of the ACQ will be sold by the Marketer on behalf of Seller as Incremental Production.

  • Commencing as of the Commercial Production Date and continuing during the Term, for each month of production of Conforming SNG, Buyer agrees to pay Seller an amount equal to the product of (i) the Monthly Invoice Contract Price, times (ii) the total MMBtus of Conforming SNG delivered or made available to the Title Transfer Point for Buyer's account up to the Applicable MCQ as provided in this Agreement, up to the ACQ on an annual basis.

  • For the avoidance of doubt, on a monthly basis for each Contract Year, Buyer will purchase one hundred percent (100%) of the output of the Plant for each and every day of each month until Buyer shall have purchased the Applicable MCQ from Seller for each such month or until Buyer shall have purchased the ACQ for such Contract Year.

  • The amount nominated by Seller in any contract month shall not exceed the Buyer’s Allocated Percentage of the Applicable MCQ and shall not exceed the Buyer’s Allocated Percentage of the ACQ in any calendar year.

  • Commencing as of the Commercial Production Date and continuing during the Term, for each month of production of Conforming SNG, Buyer agrees to pay Seller an amount equal to the product of (i) the Monthly Invoice Contract Price, times (ii) the total MMBtus of Conforming SNG accepted atdelivered to the Title Transfer Point for Buyer’s account up to the Buyer’s Allocated Percentage of Applicable MCQ as provided in this Agreement, up to the Buyer’s Allocated Percentage of the ACQ on an annual basis.

  • Any SNG produced by the Plant in any month in excess of the Applicable MCQ or in any Contract Year in excess of the ACQ may be marketed and sold as Incremental Production by Seller directly to a third party buyer or indirectly through an agent, marketer or otherwise on Seller’s behalf.

  • Subject to the provisions of this Agreement, including, but not limited to Article XIII (Force Majeure) and Force Majeure, commencing on the Commercial Production Date and continuing thereafter during the Term, Seller shall sell Conforming SNG to Buyer, prior to selling Conforming SNG to any third party, each month at the Title Transfer Point in an amount up to the Applicable MCQ in any month (but not to exceed the ACQ in any Contract Year).

  • Buyer shall purchase and take the Buyer’s Allocated Percentage of the Conforming SNG tendered at the Title Transfer Point by Seller on a monthly basis, up to the Buyer’s Allocated Percentage of the Applicable MCQ, but not exceeding (i) the Buyer’s Allocated Percentage of the ACQ in any Contract Year, and (ii) Buyer’s Allocated Percentage of the Maximum DCQ on any Gas Day.

Related to Applicable MCQ

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Applicable Rate means a percentage per annum equal to:

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.