Daily Qualified Gas definition

Daily Qualified Gas has the meaning set forth in Section 3.3(f).
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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.
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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.
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Examples of Daily Qualified Gas in a sentence

  • The outcome of the referendum, which exposed Iraq as dangerously divided along sectarian lines, has underlined the importance for Iraq’s communities to continue to reach out to one another.

  • 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.
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Related to Daily Qualified Gas

  • Highly Qualified status of the No Child Left Behind Act (NCLB) as applicable to the position/subject matter.

  • Qualified GIC A guaranteed investment contract or surety bond providing for the investment of funds in the Custodial Account and insuring a minimum, fixed or floating rate of return on investments of such funds, which contract or surety bond shall:

  • 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:

  • 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.

  • Projected actual emissions means the maximum annual rate, in tons per year, at which an existing emissions unit is projected to emit a regulated NSR pollutant in any one of the 5 years (12-month period) following the date the unit resumes regular operation after the project, or in any one of the 10 years following that date, if the project involves increasing the emissions unit’s design capacity or its potential to emit that regulated NSR pollutant, and full utilization of the unit would result in a significant emissions increase, or a significant net emissions increase at the major stationary source.

  • 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).

  • New Non-Qualifying Jobs means the number of Non-Qualifying Jobs, as defined in 34 TEXAS ADMIN. CODE Section 9.1051(14), to be created by the Applicant after the Application Approval Date in connection with the project which is the subject of its Application.

  • 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.

  • 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.

  • Federally Qualified Health Center means a non-administrative medical facility with a fixed permanent location that is identified on the following search engines and offers health services on a sliding scale payment system: http://findahealthcenter.hrsa.gov or http://www.ihs.gov/ or http://www.aachc.org/.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Qualified Basis means the portion or percentage of the Eligible Basis that qualifies for the Tax Credit. It is calculated by multiplying the Eligible Basis by the Applicable Fraction.