Deficiency Quantity definition

Deficiency Quantity means in respect of a particular Delivery Month the amount by which the Required Delivery Quantity of Natural Gas for that Delivery Month exceeds the quantity of Natural Gas actually delivered and received hereunder in respect of such Delivery Month.
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Deficiency Quantity has the meaning specified in Clause 6.2.3 or 6.3.3 (as applicable).
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Deficiency Quantity has the meaning set forth in Section 6.1.
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Examples of Deficiency Quantity in a sentence

  • For such Make Up Gas delivered, Buyer shall have no rights to any amount previously paid in respect of the Quarterly Deficiency Quantity above the Gas Price prevailing at the time the Make Up Gas is delivered.

  • In the event of a Seller's Deficiency Default, Seller shall pay Buyer the sum of the following: (i) an amount equal to the product of the Seller's Deficiency Quantity multiplied by the Replacement Price Differential, plus (ii) liquidated damages equal to $0.15 multiplied by Seller's Deficiency Quantity to cover Buyer's administrative and operational costs.

  • In the event of a Buyer's Deficiency Default, Buyer shall pay Seller the sum of the following: (i) an amount equal to the product of Buyer's Deficiency Quantity multiplied by the Replacement Price Differential, plus (ii) liquidated damages equal to $0.15 multiplied by Buyer's Deficiency Quantity to cover Seller's administra­tive and operational costs.

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

  • If on any Gas Day Seller fails to Schedule the DCQ, then such occurrence shall constitute a "Seller's Deficiency Default" and "Seller's Deficiency Quantity" shall be the numerical difference between the DCQ and the quantity of Gas Scheduled for such Gas Day.

  • If on any Gas Day Buyer fails to Schedule the DCQ, then such occurrence shall constitute a "Buyer's Deficiency Default" and "Buyer's Deficiency Quantity" shall be the numerical difference between the DCQ and the quantity of Gas Scheduled for such Gas Day.

  • If as a result of such adjustment the quantity of energy for any period is decreased (such quantity, the “Electricity Deficiency Quantity”), Provider shall reimburse or credit Host for the amount paid by Host in consideration for the Electricity Deficiency Quantity, and shall bear the cost of inspection and testing of the meter.

  • The Replacement Value shall be paid to the Purchaser no later than the Payment Date next following such Delivery Month, and the Purchaser will accept such payment in lieu of the Deficiency Quantity of Natural Gas for such Delivery Month.

  • The Deficiency Quantity shall be calculated without regard to the Cargo Tolerance.

  • For such Make Up Gas delivered, Buyer shall have no rights to any amount previously paid in respect of the Monthly Deficiency Quantity above the Gas Price prevailing at the time the Make Up Gas is delivered.


More Definitions of Deficiency Quantity

Deficiency Quantity means the quantity of LNG the Buyer fails to receive from the Seller, as set forth in Sub-Clause 3(3).
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Deficiency Quantity means with respect to a particular Delivery Date the amount by which the Required Quantity of Gold for such Delivery Date exceeds the quantity of Gold actually delivered hereunder with respect to such Delivery Date.
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Deficiency Quantity means the amount by which the Monthly Minimum Volume Commitment for any given Month exceeds the shipments by Customer of Crude Oil on the Connecting Pipeline from the Origin Point to the Delivery Point during the same Month. This Section 6.1 is subject to Section 6.2.
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Deficiency Quantity means with respect to a particular Delivery Date the amount by which the Required Quantity of Gold for such Delivery Date exceeds the quantity of Gold actually delivered hereunder with respect to such Delivery Date. “Delivery Date” shall mean the date or dates specified as such in a Confirmation Letter. “Delivery Point” shall mean the location specified as such in a Confirmation Letter to which a Required Quantity of Gold shall be delivered on a Delivery Date. Purchaser is responsible for all delivery costs from Fairbanks, Alaska to Delivery Point, including, but not limited to, shipping, certification, and insurance costs. “Designated Properties” shall mean the properties owned or controlled by Seller specified in Exhibit B, attached hereto and incorporated herein by reference, from which the Gold shall be recovered. “Effective Date” shall be the date so specified in a Confirmation Letter and shall be the effective date of this Agreement. “Exchange Rate” means, on any date for determination, the rate at which United States dollars may be exchanged into other currency calculated by reference to such publicly available service for displaying exchange rates of a major bank in the City of New York as may be determined by the Seller. “Force Majeure” shall mean a failure by Seller to perform one or more obligations hereunder to the extent that such failure is caused by war; riot; insurrection; fire; explosion; sabotage; strikes or other labor or industrial disturbances; acts of God or the elements, including, but not limited to extraordinarily inclement weather for the Chandalar Lake area and earthquakes; Governmental Requirements; disruption or breakdown of production or transportation facilities, failures of contract transporters to deliver a Required Quantity of Gold; or by any other cause, similar or dissimilar, reasonably beyond the control of Seller. “Gold” shall mean pure gold and the trading unit is one fine xxxx ounce. The agreed fine gold content in xxxx ounces of bar weights shall be the same as established by the London Bullion Market Association. “Governmental Requirement” shall mean all judgments, orders, writs, injunctions, decrees, awards, laws, ordinances, statutes, regulations, rules, permits, certificates, licenses, authorizations and the like of any government or any commission, board, court, agency, instrumentality or political subdivision thereof. “Delivery Date Index Price” shall mean the immediate next London PM Fix price for fine gold a...
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Related to Deficiency Quantity

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

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • 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.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Reportable quantity means one of the following:

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

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Gas Supply Deficiency means any occurrence relating to Sellers gas supply which causes Seller to deliver less than the total requirements of its system, including failures of suppliers to deliver gas for any reason, requirement of gas for system storage, conservation of gas for future delivery, or any other occurrence which is not enumerated herein which affects Sellers gas supply.

  • 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.

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • Deficiency Notice has the meaning specified in Section 6.1(a);

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Deficiency Balance means, with respect to any Receivable, any deficiency balance, charged-off amount, Principal Balance, accrued interest and/or fees and any Related Security; provided, that such amounts and Related Security relate to a Receivable which is a Defaulted Receivable.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • 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.

  • Quantity means either tonnage or volume, depending on which term is the standard in the mining industry for the type of mineral;

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • PRICED SCHEDULE OR QUANTITIES means the schedule duly priced.

  • Priced Schedule of Quantities means the schedule of quantities duly priced with the accepted quoted rates of the contractor.

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Ethanol blended gasoline means the same as defined in section 214A.1.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Material Gas Imbalance means, with respect to all Gas Balancing Agreements to which the Borrower or any other Credit Party is a party or by which any Oil and Gas Property owned by the Borrower or another Credit Party is bound, a net overproduced gas imbalance to the Borrower and the other Credit Parties, taken as a whole, in excess of 110,000 Mcf.