Maximum Contract Quantity definition

Maximum Contract Quantity means a quantity of RECs specified as such in the Product Order of the Agreement.

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Maximum Contract Quantity means the maximum number of RECs that Buyer may be obligated to purchase under this Agreement.

Maximum Contract Quantity means a quantity of RECs specified as such in Table 1 of the REC Contract.”

Examples of Maximum Contract Quantity in a sentence

Unless earlier terminated pursuant to the terms of this Agreement, the “Term” of this Agreement shall be from the Effective Date until the earlier of (a) the date on which the Maximum Contract Quantity has been Delivered by Seller to Buyer and payments for such RECs have been paid by the Party owing payment to the Party for which payment is due; or (b) the last day of the month immediately following the end of the Delivery Term.
Unless earlier terminated pursuant to the terms of this REC Contract, the “Term” of this REC Contract shall be from the Effective Date until the earlier of (i) the date on which Buyer has made payments to Seller in the last Delivery Year that cumulatively equal the Maximum Contract Quantity multiplied by the Purchase Price; or (ii) the last day of the month immediately following the end of the Delivery Term.
Seller may offer to sell any RECs in excess of the Maximum Contract Quantity to persons other than Buyer.
In no event shall (i) payment by Buyer with respect to a Delivery Year (except for the last Delivery Year) exceed an amount equal to the product of the Purchase Price and the Delivery Year Requirement for such Delivery Year, plus interest on late payments as required herein, or (ii) payment by Buyer cumulatively exceed an amount equal to the product of the Purchase Price and the Maximum Contract Quantity, plus interest on late payments as required herein.
Pursuant to Section 5.1(f) of the Agreement, if in the last Delivery Year, the Delivery Year Requirement is greater than the quantity of RECs to meet the Maximum Contract Quantity, then the Delivery Year Requirement for the last Delivery Year shall be reduced to be the greatest quantity of RECs that would not cause the Maximum Contract Quantity to be exceeded.

More Definitions of Maximum Contract Quantity

Maximum Contract Quantity means the maximum total contract quantity of gas that may be received and delivered by Company during the term in a Customer Order.

Maximum Contract Quantity means ninety-five per cent (95%) of the Bid Contract Quantity.

Maximum Contract Quantity. For the term of this Customer Order the Maximum Contract Quantity shall be limited by the Maximum Contract Quantity set forth in the Customer Order entered into between EnerMart Trust (EnerMart) and Westar Transmission Company (Westar), and volumes transported hereunder shall be included in the determination of the Maximum Contract Quantity of the EnerMart and Westar Customer Order.

Maximum Contract Quantity means a quantity of RECs as indicated in the Confirmation which represents the maximum amount of RECs of that Product that the Buyer will provide payment over the term of the Agreement. This value may be amended downwards under certain conditions, but can never be increased.

Maximum Contract Quantity means in respect of a Site the figure in kWh set out in the Site Schedule. “Meter” means the metering equipment at the Site(s) up to and including outlet for the (primary) metering installation and which is used by the Supplier for the purposes of measuring the supply of Gas to the Site(s). “Meter Operator” means the contractor or subcontractor who has been appointed or approved by the Meter Owner to read, install and maintain the Meter. “Meter Owner” means the entity which owns the Meter at the relevant Site. “Minimum Annual Quantity” means the minimum annual quantity of Gas contracted to be consumed per Contract Year in respect of each of the Sites, more particularly as set out in the Site Schedule and may be derived from the Minimum Contract Quantity. “Minimum Contract Quantity” means in respect of a Site the figure in kWh set out in the Site Schedule. “Month” means a period commencing at 0600 hours on the first day of any calendar month and ending at 0600 hours on the first day of the following calendar month. “Monthly Charge” means a charge levied by the Supplier in respect of any ancillary costs incurred by the Supplier in relation to the supply of Gas to any of the Sites. “National Grid Gas” means either National Grid Gas plc or any successor company to National Grid Gas operating an independent distribution network. “Uniform Network Code” means the document of that name prepared by the Relevant Transporter pursuant to gas transporter’s licence as the same may be varied, modified or replaced from time to time.“OFGEM” means the Office of Gas and Electricity Markets, or its successor as ppropriate.“Party” means either the Customer or the Supplier and “Parties” means both of them.“Registered User” has the meaning given to it in the Uniform Network Code. “Registration Date” means the date upon which the Supplier becomes the Registered User in respect of a Site. “Relevant Transporter” means any person who holds a gas transporter’s licence granted (or treated as having been granted) under Section 7(2) of the Gas Act, with whom the Shipper has an agreement for the transporting of Gas delivered to the Site(s) pursuant to this Agreement. “Requested Start Date” means the date on which the Customer has requested that supply to the Site(s) begin, as set out in the Special Conditions. “Shipper” means any person with whom the Supplier has an arrangement for the purchase of Gas and who has an agreement with the Relevant Transporter for the transporting of gas to t...

Maximum Contract Quantity. (“MCQ”) shall mean the maximum quantity(ies) of g as which Gulf South shall agree to deliver under a firm Service Agreement o n any g iven Day on behalf of a Customer, including but not limited to MDQ, MSQ, MDIQ, and/or MDWQ.