Daily Contract Quantity definition

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

Daily Contract Quantity or “DCQ” has the meaning given to such terms in Clause 6(a).

Daily Contract Quantity or “DCQ” means the quantity of gas to be delivered or taken during each Delivery Day of a Physically Settled Gas Futures Transaction, including applicable Same-Day Delivery Tenors;

Examples of Daily Contract Quantity in a sentence

• Customers may annually select Storage Banking Service capacity with a minimum selection of 1 times their Maximum Daily Contract Quantity (MDCQ) subject to the provisions included in Terms and Conditions.

• A Commodity Charge of $0.007 will be charged for each therm of gas delivered within the Daily Contract Quantity (DCQ).

• The Off-Peak Season demand factor will be applied monthly to each customer’s off-peak Maximum Daily Contract Quantity.

• The maximum storage space available to a customer at the rates specified herein is determined by one of the following storage allocation methodologies: 3.1 Aggregate Excess Aggregate excess is the difference between the customer’s total 151-day winter consumption (November 1 through March 31) and the customer’s average daily consumption (Daily Contract Quantity) for the contract year multiplied by 151 days of winter.

• The Peak Season demand factor will be applied monthly to each customer’s peak Maximum Daily Contract Quantity.

More Definitions of Daily Contract Quantity

Daily Contract Quantity or “DCQ” shall be the quantity of Gas in MMBtu per Day specified in Exhibit 1, which quantity may be subject to modification pursuant to the provisions of this Agreement.

Daily Contract Quantity or “DCQ” means, for each Month, the quantity of Gas in MMBtu that shall be delivered by MMGA to Gas Purchaser and received by Gas Purchaser from MMGA each Gas Day during such Month. The Daily Contract Quantity for each Month of each year during the Term is set forth in Exhibit B. The term “Daily Contract Quantities” is used when referring to the Daily Contract Quantity of more than one Project Participant. The Daily Contract Quantities of all of the Project Participants for each Month of the Term are set forth in Exhibit C.

Daily Contract Quantity is the total of the Firm Daily Contract Quantity volume, the Daily Call Option Gas volume requested by Buyer pursuant to Section 2.5(B) (if any), the Needle Peak Call Option Gas volume requested by Buyer pursuant to Section 2.5(B) (if any), and the Firm Discretionary Gas volume (if any), all for the Day in question. In no event shall Seller be obligated to deliver a Daily Contract Quantity in excess of the Seller’s Maximum Deliverability Rate.

Daily Contract Quantity. (“DCQ”) means that portion of the daily parameters as set out in Schedule 1, being a quantity of Gas which Customer must deliver to Union on a Firm basis.

Daily Contract Quantity for any period means the daily quantity of Product set out in Section 4.1, Exhibit “A”, or as otherwise determined under this Contract for that period.

Daily Contract Quantity has the meaning given to such term in Clause 8.1. Day means a period of twenty-four (24) consecutive hours beginning at 06:00 hours on a day and ending at 06:00 hours on the following day, and “Daily” shall be construed accordingly.

Daily Contract Quantity means the volume of Gas required to be delivered by Seller and received by Buyer on a Day during the Term of this Agreement as set forth in Section 2.1.