Examples of Contract Demand in a sentence
If gas deliveries to the Terminal Location have been ordered to be curtailed or discontinued in a contract year at the request of the Company and have been curtailed or discontinued as ordered, the Minimum Annual Volume shall be reduced for each day of curtailment or discontinuance by the excess of the Contract Demand over the volume delivered to the Terminal Location on such day.
The Contract Demand shall be the kW of Demand specified in the Service Agreement.
The Company and the Applicant shall determine a Billing Contract Demand which would result in annual revenues over the term of the contract that would enable the Company to recover the invested capital, return on capital, and O&M costs of the Dedicated Service in accordance with its system expansion policies.Billing Month: A period of approximately thirty (30) days following which the Company renders a bill to an applicant.
The Company may, at its sole discretion, authorize consumption of gas in excess of the Contract Demand for limited periods within a month, provided local distribution facilities have sufficient capacity to accommodate higher demand.
Any gas consumed in excess of the Contract Demand and/or maximum hourly flow requirements, if not authorized, willbe deemed to be Unauthorized Demand Overrun gas.