Default Quantity definition

Default Quantity is defined in Article 15.1;

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Default Quantity means, in respect of a Time Unit and an Individual Contract, the quantity equal to the Contract Quantity minus the Delivered Quantity;

Default Quantity means the difference (if any) between: i) the Maximum Contract Quantity, and ii) the number of ECO Points Delivered to the Buyer.

Examples of Default Quantity in a sentence

• For the sake of clarity the provisions of this Article 8.2 concerning the Multi-Contracts at DPA serve only to determine the Default Quantity (if any) and the Delivered Quantity at DPA of the Swap Transaction under this Contract, where there are more receipts and deliveries at DPA with the same pair of Applicable Codes but regulated under different gas sale and purchase agreements.

• In case of Multi- Contracts at DPA, § 8.5(c), § 8.5(d); § 13.4, § 13.7 of the EFET Agreement shall only apply to i) the Default Quantity at DPA (if any) of the Swap Transaction under this Contract, and ii) the Delivered Quantity at DPA of the Swap Transaction under this Contract, as both determined under this Article 8.2, but assuming for the purposes of said § 8.5(c), § 8.5(d); § 13.4, § 13.7 there are no Individual Contracts at DPA other than the Swap Transaction under this Contract.

• Such amount shall be increased by the amount of any incremental transportation costs and charges and other reasonable and verifiable costs or expenses incurred by the Seller in respect of the Default Quantity.

• Set Order Quantity Default Quantity/ Strategy Default = Strategy This determines the order quantity.

• Upon Default, the defaulting party shall pay to the other party an amount equal to the sum of the product of the Default Quantity multiplied by the Replacement Price Differential plus liquidated damages equal to $0.15 multiplied by the Default Quantity.

• Such amount shall be increased by the amount of any incremental transportation costs and charges and other reasonable and verifiable costs or expenses incurred by the Buyer in respect of the Default Quantity.

• If on any Gas Day Seller or Buyer fails to Schedule the Designated Quantity, then such occurrence shall constitute a "Default" and the "Default Quantity" shall be the numerical difference between the Designated Quantity and the amount of Gas Scheduled and delivered for such Gas Day.

• Such amount shall be increased by the amount of any incremental transportation costs and charges and other reasonable and verifiable costs or expenses incurred by the Seller in respect of the Default Quantity or the acquisition of such replacement quantity.

• Such amount shall be increased by the amount of any incremental transportation costs and charges and other reasonable and verifiable costs or expenses incurred by the Buyer in respect of the Default Quantity or such arm's length sale.

• Order Properties Default Quantity Integer > 0 Default = 1 This will be the order quantity if Set Order Quantity (see below) is set to “Default Quantity”, otherwise this parameter will be hidden.

More Definitions of Default Quantity

Default Quantity means, in respect of a Time Unit and an Individual Contract, the quantity equal to the Contract Quantity minus the Delivered Quantity; „Niedostarczona Ilość” oznacza, w odniesieniu do Jednostki Czasu i Umowy Sprzedaży, ilość stanowiącą różnicę pomiędzy Ilością Umowną a Dostarczoną Ilością.

Default Quantity means, in respect of a Time Unit and an Individual Contract, the quantity equal to the Contract Quantity minus the Delivered Quantity; „Niedostarczona Ilość” oznacza, w odniesieniu do Jednostki Czasu i Umowy SprzedaŜy, ilość stanowiącą róŜnicę pomiędzy Ilością Umowną a Dostarczoną Ilością.

Default Quantity means the quantity equal to the positive difference between (a) the quantity of EUAs agreed to be delivered to the Buyer and (b) the quantity of EUAs delivered to the Buyer in accordance with the Contract.

Default Quantity means, in respect of the relevant Delivery Date, the quantity equal to the positive difference between (a) the relevant Purchase Quantity and (b) the quantity of Allowances delivered on the relevant Delivery Date in accordance with the terms of this Agreement;

Default Quantity means, in respect of the Delivery Date, the quantity equal to the positive difference between (a) the Delivery Quantity and (b) the quantity of VERs duly and timely Transferred to the Buyer on the Delivery Date.