Failed Quantity definition

Failed Quantity shall have the meaning ascribed to it in Clause 5.5.1;
Sample 1Sample 2Sample 3
Failed Quantity shall have the meaning as ascribed to it in the clause 4.9.1 dd) “First Delivery Date” shall have the meaning ascribed to it in Clause 2.6
Sample 1Sample 2
Failed Quantity shall have the meaning ascribed to it in Clause 3.12 “Final Invoice” shall have the meaning ascribed to it in Clause 7.4.
Sample 1

Examples of Failed Quantity in a sentence

  • Notes: The Level of Delivery/ Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

  • Level of Delivery / Lifting of Coal in a Year Rate of compensation for the Failed Quantity in terms of Base Price of the highest Grade, as shown in Schedule II Formula for calculation of compensation 1 Less than 100% but upto 50% of ACQ NIL NIL 2 Below 50% of ACQ 10% 0.1 x P x [((100-LD or LL) – 50)/100] x ACQ) where P shall be the simple average of base prices grades as shown in the Schedule II.

  • Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

  • Compensation for the Failed Quantity shall be payable by the defaulting Party to the other Party within a period of 15 (fifteen) days from the date of receipt of a claim in this regard from the non-defaulting Party.

  • The FSA provided that if for a year, the Level of Delivery by the seller, or the Level of Lifting by the purchaser fell below Annual Contracted Quantity (ACQ) with respect to that year, the defaulting party would be liable to pay compensation to the other party for such shortfall in Level of Delivery or Level of Lifting, as the case may be (Failed Quantity).

  • The compensation for the Failed Quantity payable shall be the aggregate of the compensation worked out separately with respect to each of the two levels provided in the table above, to be computed as per the income tax system.

  • No. Level of Delivery / Level of Lifting in a Year for raw Coking Coal Rate of compensation for the Failed Quantity in terms of Base Price of the highest Grade, as shown in Schedule II Formula for the calculation of the compensation for short delivery/ lifting 1 Less than 100% but upto 60% of ACQ NIL - Where P = Base price of the highest grade of Coal as shown in the Schedule II Table 2: Compensation for short delivery / lifting for washed Coking Coal S.

  • NPRR1149, Implementation of Systematic Ancillary Service Failed Quantity Charges was approved in March 2023 and updates the protocols to make this process automated.Figure 29: QSE-Portfolio Net Ancillary Service Shortages in 2022 TRANSMISSION CONGESTION AND CONGESTION REVENUE RIGHTS‌ An essential function of any electricity market is to efficiently manage power flows on the transmission networks.

  • NPRR1149, Implementation of Systematic Ancillary Service Failed Quantity Charges was approved in March 2023 and updates the protocols to make this process automated.

  • The Level of Delivery/ Level of Lifting that would cause compensation for the Failed Quantity payable by the defaulting Party, as mentioned in the table above, may be reviewed by the Seller in light of its Coal availability and Coal commitments, and amended accordingly on year-to-year basis at the sole discretion of the Seller during the term of the Agreement.

Related to Failed Quantity

  • 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.

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

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

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

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • MMBtu means one million British thermal units, which is equivalent to one dekatherm.

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

  • 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.

  • Bill of Quantities means the priced and completed Bill of Quantities forming part of the tender.

  • 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.

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.