Daily Qualified Gas definition

Daily Qualified Gas has the meaning set forth in Section 3.3(f).
Daily Qualified Gas. (in MMBtu) shall equal (x) the sum of Qualified Gas over all Settlement Intervals in the day plus (y) Gas requirements for Scheduled Start-Ups and Scheduled Shut-downs as specified in Appendix II, excluding Gas burned during Failed Starts, plus (z) any Gas requirements for the Buyer’s Performance Tests not already accounted for in items (x) and (y). The most recent Guaranteed Heat Rates corrected for ambient conditions pursuant to meteorological data provided in Section 3.7(g) (or if Seller has not met the obligations to provide data as specified in Sections 3.7(g) and 6.1, the Guaranteed Heat Rate Point at ISO Conditions [for the applicable Configuration] as specified in Appendix II) shall be used for the purpose of calculating Daily Qualified Gas. If there is more than one applicable Settlement Interval in the Real-Time Market for the same period of time, the calculation of Daily Qualified Gas shall include the sum of Settlement Intervals applicable to the final award or schedule in the Real-Time Market; “Additional Gas” (in MMBtu) is pursuant to Section 3.3(e), if any is requested by Seller for the day.
Daily Qualified Gas. (in MMbtu) shall equal (x) the sum of Qualified Gas over all Settlement Intervals in the day plus (y) Gas requirements for Scheduled Start-Ups and Scheduled Shut-downs as specified in Appendix II plus (z) any Gas requirements for Buyer’s Capacity Tests or Seasonal Capacity tests not already accounted for in items (x) and (y). The most recent Adjusted Guaranteed Heat Rates corrected for ambient conditions pursuant to meteorological data provided in Section 3.8(f)(vii) (or, if either no Adjusted Guaranteed Heat Rates have yet been determined pursuant to Section 4.2 or if Seller has not met the meteorological obligations in Section 3.8(f)(vii), the Guaranteed Heat Rates as specified in Appendix II) shall be used for the purpose of calculating Daily Qualified Gas; “Additional Gas” (in MMbtu) is pursuant to Section 3.3(e), if any is requested by Seller for the day.

Examples of Daily Qualified Gas in a sentence

  • If an OFO is issued for a given day by the Facility’s LDC or Gas pipeline during the Delivery Term, Seller will be assessed an OFO Charge by Buyer if Daily Actual Gas when compared to Daily Qualified Gas, as determined in Section 3.3(f), and Additional Gas (if any) exceeds the applicable OFO Tolerance Band specified for the day as set forth below.

  • If Buyer elects to financially compensate Seller for Buyer’s Carbon Dioxide Emissions, or if Buyer makes no election, a Carbon Dioxide Emissions Payment, made on a monthly basis and payable to Seller, shall be calculated by Buyer for each Unit and on each day of the month as follows: (Daily GHG Gas) x (Carbon Dioxide Emission Rate) x (GHG Price) Daily GHG Gas shall equal the lesser of Daily Actual Gas or Daily Qualified Gas as determined in Section 3.3(f) (“Gas True-Up”) for a given day.


More Definitions of Daily Qualified Gas

Daily Qualified Gas has the meaning set forth in Section 3.3(f). “Day-Ahead Market” has the meaning set forth in the CAISO Tariff.

Related to Daily Qualified Gas

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  • Legally Qualified Physician means a physician or a Christian Science Practitioner (a) other than an Insured, a Traveling Companion or a Family Member: (b) practicing within the scope of his or her license: and (c) recognized as a physician in the place where the services are rendered.

  • Technically Qualified Bidder means a Bidder whose Techno-Commercial Bid is responsive and meets the requirements to the satisfaction of OMC as per terms and condition of the Bid document and is qualified for opening of its Price Bid;

  • the qualifying period means the period of 12 years immediately preceding the date of publication of the advertisements referred to in paragraph (A)(iv) above or of the first of the two advertisements to be published if they are published on different dates; and

  • Qualified United States financial institution means an institution that:

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • Available Basket Amount means, at any date of determination, an amount (which shall not be less than $0) determined on a cumulative basis equal to the difference between: (a) the sum (without duplication) of: (i) $35,000,000, plus (ii) Cumulative Consolidated Net Income (which shall not be less than zero), plus (iii) the aggregate amount of dividends and distributions received by Borrower or its Restricted Subsidiaries in the form of Cash or Cash Equivalents on or prior to such date from Investments acquired or made utilizing the Available Basket Amount, plus (iv) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary after the Second Amendment Effective Date, the fair market value of the Investment in such Unrestricted Subsidiary at the time of the redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary (which shall not exceed the original amount of such Investment), plus (v) the Net Cash Proceeds received from any issuance or sale of its Equity Interests occurring after the Closing Date (other than issuances of Disqualified Stock and issuances or sales pursuant to an employee stock ownership plan or other employee benefit plan and excluding Net Cash Proceeds of any issuance or sale of Equity Interests for a specifically identified purpose that were expended for such specifically identified purpose without a corresponding reduction of the Available Basket Amount), plus (vi) the after-tax amount (after taking into account any available tax credit or deductions and any tax sharing arrangements) of all Distributions received in Cash by the Loan Parties after the Closing Date that are attributable to their Equity Interests in any Joint Venture or any Subsidiary that is not a Subsidiary Guarantor, plus (vii) all Net Cash Sales Proceeds received from Dispositions permitted by this Agreement, minus (b) the aggregate amount of all Investments, Capital Expenditures, Distributions and payments in respect of Subordinated Obligations, in each case to the extent made after the Closing Date with amounts available under the Available Basket Amount.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Applicant’s Qualified Investment means the Qualified Investment of the Applicant during the Qualifying Time Period and as more fully described in EXHIBIT 3 of this Agreement.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Independent Qualified Party means an investment banking firm, accounting firm or appraisal firm of national standing; provided, however, that such firm is not an Affiliate of the Company.

  • Applicant’s Qualified Property means the Qualified Property of the Applicant to which the value limitation identified in the Agreement will apply and as more fully described in EXHIBIT 4 of this Agreement.

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

  • Highest Required Investment Category (i) With respect to ratings assigned by Moody’s, “Aa2” or “P-1” for one month instruments, “Aa2” and “P-1” for three month instruments, “Aa3” and “P-1” for six month instruments and “Aa2” and “P-1” for instruments with a term in excess of six months, (ii) with respect to rating assigned by S&P, “A-1” for short-term instruments and “A” for long-term instruments, and (iii) with respect to rating assigned by Fitch (if such investment is rated by Fitch), “F-1+” for short-term instruments and “AAA” for long-term instruments.

  • High Quality Short-Term Debt Instrument means any instrument having a maturity at issuance of less than 366 days and which is rated in one of the highest two rating categories by a Nationally Recognized Statistical Rating Agency (Moody’s and S&P).

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  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • High Quality Short-Term Debt Instruments means any instrument that has a maturity at issuance of less that 366 days and that is rated in one of the two highest rating categories by a Nationally Recognized Statistical Rating Organization.

  • New Qualifying Jobs means the total number of jobs to be created by the Applicant after the Application Approval Date in connection with the project that is the subject of its Application that meet the criteria of Qualifying Job as defined in Section 313.021(3) of the TEXAS TAX CODE and the Comptroller’s Rules.

  • Daily Cash Amount means, with respect to any VWAP Trading Day, the lesser of (A) the applicable Daily Maximum Cash Amount; and (B) the Daily Conversion Value for such VWAP Trading Day.

  • Identified Qualifying Lenders has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Indefinite quantity contract means a fixed price contract that:

  • Net energy billing means a billing and metering practice under which a customer-generator is billed on the basis of net energy over the billing period.

  • Market Measure Business Day means a day on which:

  • Aggregate Quantity of IDR Reset Common Units has the meaning given such term in Section 5.11(a).