Deemed Measured Quantity definition

Deemed Measured Quantity means, in respect of a Day and a Notional Welded Point, a quantity of Gas equal to that Day’s Scheduled Quantity for the applicable Trading Hub Delivery Point.
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Examples of Deemed Measured Quantity in a sentence

  • A negative Operational Imbalance shall exist at the Trading Hub Receipt Point where the Deemed Measured Quantity for that Day is less than the Scheduled Quantity for that Day and a positive Operational Imbalance shall exist where the Deemed Measured Quantity for that Day exceeds the Scheduled Quantity for that Day.

  • Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance, Running Operational Imbalance and Excess Daily Imbalance in relation to a Notional Welded Point the quantity of Gas that on a Day has flowed through the Trading Hub Delivery Point and the Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity for that Day.

  • Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance, Running Operational Imbalance and Excess Daily Imbalance in relation to a Notional Welded Point the quantity of Gas that on a Day has flowed through the applicable Trading Hub Delivery Point and the corresponding Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity of that Notional Welded Point for that Day.

  • A negative Operational Imbalance shall exist at a Trading Hub Receipt Point where its Deemed Measured Quantity for that Day is less than its Scheduled Quantity for that Day and a positive Operational Imbalance shall exist where its Deemed Measured Quantity for that Day exceeds its Scheduled Quantity for that Day.

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  • Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance and Running Operational Imbalance in relation to a Trading Hub Welded Point the quantity of Gas that on a Day has flowed through the Trading Hub Delivery Point and the Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity for that Day.

  • Unless otherwise agreed, all Charges and MDL Charges that rely on measurement (other than a Deemed Measured Quantity) are to be computed on measured quantities of Gas generated by the Metering at the relevant Welded Point.

  • A negative Operational Imbalance shall exist at thea Trading Hub Receipt Point where theits Deemed Measured Quantity for that Day is less than theits Scheduled Quantity for that Day and a positive Operational Imbalance shall exist where theits Deemed Measured Quantity for that Day exceeds theits Scheduled Quantity for that Day.

  • A negative Operational Imbalance shall exist at athe Trading Hub Receipt Point where theits Deemed Measured Quantity for that Day is less than theits Scheduled Quantity for that Day and a positive Operational Imbalance shall exist where theits Deemed Measured Quantity for that Day exceeds theits Scheduled Quantity for that Day.

  • Deemed flow at Notional Welded Points 2.17 12.19 Notwithstanding any other provision of this Operating Code, for the purposes of calculating Operational Imbalance, Running Operational Imbalance and Excess Daily Imbalance in relation to a Notional Welded Point the quantity of Gas that on a Day has flowed through the Trading Hub Delivery Point and the Trading Hub Receipt Point, respectively, shall be the Deemed Measured Quantity for that Day.

Related to Deemed Measured Quantity

  • Metered Quantity means apparent power, reactive power, active power, with associated time tagging and any other quantity that may be measured by a Party’s Metering Equipment and that is reasonably required by either Party for Security reasons or revenue requirements.

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e).

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Net metering period means the 12-month period following the date of final interconnection of the

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Top-Heavy Ratio means the following:

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Adjusted Total turnover means the turnover in a State or a Union territory, as defined under sub-section (112) of section 2, excluding the value of exempt supplies other than zero-rated supplies, during the relevant period;

  • Corrective Measure means a measure as defined in Article 3, point 16, of Regulation (EU) 2019/1020;

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

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

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • average consumption means the average consumption by a customer of a municipal service during a specific period, which consumption is calculated by dividing by three the total measured consumption of that service by that customer over the preceding three months;

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.