Maximum Contract Quantity definition

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

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

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.

Examples of Maximum Contract Quantity in a sentence

• 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.

• Further, in no event shall RECs eligible for payment exceed the Maximum Contract Quantity.

• In no event shall payment be processed for a quantity of RECs that will (i) cumulatively cause the quantity of RECs associated with the Vintage months of a Delivery Year to exceed the Delivery Year Requirement for such Delivery Year; or (ii) cumulatively cause the quantity of RECs associated with Vintages in the Acceptable Vintage Period to exceed the Maximum Contract Quantity.

• The Delivery Year Requirement, with respect to a Utility-Scale Wind Project where the Date of First Operation has occurred, shall be the quantity of RECs for a given Delivery Year equal to the multiplicative product of (a) the Delivery Year Allocation Factor and (b) the Maximum Contract Quantity.

• Annual Quantity Maximum Contract Quantity Class of Resource Utility-Scale Wind Project The Delivery Year Requirement for Delivery Year 0 shall apply if the Earliest Vintage Month is not June.

More Definitions of Maximum Contract Quantity

Maximum Contract Quantity means a quantity of RECs specified as such in Table 1 of the REC Contract.” The definition of “Moody’s” in Section 1.39 is replaced in its entirety with the following:

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. Rate (as delivered): $0.2858 per Mcf Special Provisions: In the event that the approved rate for firm transportation on the Westar system (as that system is described in the Operating Agreement) changes, then the $0.2858 per Mcf rate for transportation will be replaced with the new rate which has been approved by the Railroad Commission of Texas, which notwithstanding the structure of such approved rate shall be the cost of service rate expressed on a per unit of actual throughput basis for the capacity used to provide the firm transportation service.

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.

Maximum Contract Quantity is added to the Agreement as Section 1.38.2:

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. The definition of “Renewable Energy Source” in Section 1.56 is amended to read, in its entirety, as follows:

Maximum Contract Quantity means a quantity of RECs specified as such in the Product Order of the Agreement (i.e. 120% of the Annual Quantity x 20 years).