Failure Quantity definition

Failure Quantity means the difference between the Contract Quantity (or any portion thereof) to be delivered or received in accordance with a Physically Settled Futures Transaction and the quantity of gas actually delivered or taken, or the quantity of Physical Power scheduled to be delivered or taken, in accordance with such Physically Settled Futures Transaction;
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Failure Quantity means the difference between the Contract Quantity (or any portion thereof) to be delivered or received in accordance with a Physically Settled Futures Transaction and the quantity of the applicable commodity actually delivered or taken, in accordance with such Physically Settled Futures Transaction;
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Failure Quantity means the difference between the Contract Quantity (or any portion thereof) to be delivered or received in accordance with a PhysicalPhysically Settled Futures Transaction and the quantity of gas or Oil actually delivered or taken in accordance with such PhysicalPhysically Settled Futures Transaction;
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Related to Failure Quantity

  • Reportable quantity means one of the following:

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

  • 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.

  • 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.

  • MMBtu means one million British Thermal Units.

  • Definite quantity contract means a fixed price contract that provides for a

  • Supply Failure shall have the meaning ascribed to it in Section 2.8.

  • 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.

  • Cubic foot of gas means the amount of gas required to fill a cubic foot of space when the gas is at an absolute pressure of fourteen and seventy-three hundredths (14.73) pounds per square inch at a temperature of sixty (60) degrees Fahrenheit.

  • 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.

  • Delivery Month means each month specified as such by the Exchange pursuant to

  • Normal form radioactive material means radioactive material that has not been demonstrated to qualify as special form radioactive material.

  • Indefinite quantity contract means a fixed price contract that:

  • Aggregate Quantity of IDR Reset Common Units has the meaning given such term in Section 5.11(a).

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • MMcf means one million cubic feet.

  • Share Delivery Quantity For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Net Share Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement Date.

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • Supply Period means the period commencing on the Supply Period Start Date and terminating on the Termination Date.

  • Technical Failure means a failure of the court's hardware, software, and/or telecommunications facility which results in the impossibility of submitting a file electronically. Technical failure does not include malfunctioning of the equipment of the person submitting an e-file.

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

  • Barrel means forty-two (42) United States gallons of 231 cubic inches of sixty degrees Fahrenheit (60ºF) and equilibrium vapor pressure.

  • 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.