Default Quantity definition

Default Quantity is defined in Article 15.1;

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

• TransCanada shall terminate any such suspension and resume service as to that part of the Default Quantity in respect of which the Default has been remedied.

• TCPL shall terminate any such suspension and resume service as to that part of the Default Quantity in respect of which the Default has been remedied.

• TransCanada shall be entitled to immediately suspend service for a quantity up to, and including, the Default Quantity until such time as Shipper remedies the Default, when TransCanada shall terminate any such suspension and resume service as to that part of the Default Quantity in respect of which the Default has been remedied.

• Over Acceptance: If in respect of a Time Unit and a PEG Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as compensation for its resulting losses (if any) an amount (if positive) equal to: (a) the Seller’s Balancing Charges; minus(b) the product of the absolute value of the Default Quantity and the Contract Price.

• TransCanada shall terminate any suchsuspension and resume service as to that part of the Default Quantity in respect of whichthe Default has been remedied.

• TCPL shall be entitled to immediately suspend service for a quantity up to, and including, the Default Quantity until such time as Customer remedies the Default, when TCPL shall terminate any such suspension and resume service as to that part of the Default Quantity in respect of which the Default has been remedied.

• Under Acceptance: If in respect of a Time Unit and a PEG Transaction, the Contract Quantity exceeds the Delivered Quantity by reason of Buyer’s Default, the Buyer shall pay to the Seller as compensation for its resulting losses (if any) an amount (if positive) equal to: (a) the product of the Default Quantity and the Contract Price; minus(b) the Seller's Balancing Compensation.

• If Shipper fails to do so, Shipper shall be in default hereunder(the "Default") to the extent of that part of the ACQ not authorized for removal from theprovince of production as aforesaid (the "Default Quantity"), and TransCanada shall beentitled to immediately suspend service for a quantity equal to the Default Quantity untilsuch time as Shipper remedies the Default.

• Overdelivery: If in respect of a Time Unit and a PEG Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Seller’s Default, the Seller shall pay to the Buyer as compensation for its resulting losses (if any) an amount (if positive) equal to: (a) the product of the absolute value of the Default Quantity and the Contract Price; minus(b) the Buyer’s Balancing Compensation.

• Overdelivery If in respect of a Time Unit and a TVB Transaction, the Delivered Quantity exceeds the Contract Quantity by reason of Seller’s Default, the Seller shall pay to the Buyer an amount (if positive) equal to: (a) the difference between the Contract Price and the Positive Imbalance Price, (b) multiplied by the Default Quantity.

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 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.

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;