Baseload Quantity definition
Examples of Baseload Quantity in a sentence
In addition to the Baseload Quantity volumes and Make-Up Gas, Seller may have Additional Quantities, if any, available from time to time for purchase.
Except to the extent that the Facility is not available to produce Gas during a Scheduled Maintenance Outage or Unscheduled Maintenance Outage or as a result of a failure of performance that is excused in accordance with Article XIII, Seller shall use Commercially Reasonable Efforts to operate the Facility to produce and make available to Purchaser the Baseload Quantity on each Day during the Delivery Term.
With respect to nominations of Gas during the Commercial Operation Delay Period, Purchaser may make nominations for Scheduled Gas in an amount up to the Baseload Quantity on any Day during the Commercial Operation Delay Period, notwithstanding the fact that the quantity of Gas available from the Facility on such Day specified in the applicable Monthly Availability Plan or Daily Availability Schedule may be none, but otherwise in accordance with Article VI.
If at the end of the Delivery Term there is Make-Up Gas, the Delivery Term shall, automatically and without further action, be deemed extended beyond the end of the Term for a period of up to an additional one year for the Annual Baseload Quantity of Make-Up Gas or part thereof, until all such Make-Up Gas shall have been sold and delivered to Purchaser.
The Parties shall meet annually, as soon as reasonably possible but no later than August 1, or more frequently if either Party requests a meeting, to discuss any necessary or appropriate adjustments to the Baseload Quantity and the Summer Incremental Quantity.
The price per MMBtu for the Baseload Quantity delivered by Seller shall be [ * ].
Those provisions were for Baseload Quantity gas, Summer Incremental Quantity gas (“SIQ”), and Daily Incremental Quantity gas (“DIQ”).
If the Parties agree to adjust either or both of the Baseload Quantity or the Summer Incremental Quantity, such adjustment shall be reflected in a revised Schedule 2.1 or Section 1.47, as appropriate.
Seller shall deliver and sell and Buyer shall purchase and receive each Day during the Term the sum of the Baseload Quantity, the Summer Incremental Quantity, and the Daily Incremental Quantity, unless otherwise agreed by the Parties or except as excused by Force Majeure or except for unexcused delivery failures by the Buyer under this Agreement and the Transaction Agreements, in which case such quantities will be correspondingly reduced.
Buyer will designate the Baseload Quantity of Gas to be delivered on each Day of a Month as provided in Part 4.