Maximum Daily Quantity definition

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.

Maximum Daily Quantity. (MDQ) means the maximum daily volume of gas, as determined by the Company based on Customer’s historical metered volumes, that a Customer under this Rate Schedule will be allowed to nominate and have delivered into the Company’s system for the Customer’s account.

Maximum Daily Quantity. (MDQ) means the maximum daily volume of gas, as determined by the Company based on Customer’s historical metered volumes, that a Customer under this Rate Schedule will be allowed to nominate and have delivered into the Company’s system for the Customer’s account. In the event historical data is not available, the Company will determine the MDQ based on data provided by the customer. Once historical data becomes available the MDQ will be revised.

Examples of Maximum Daily Quantity in a sentence

• In the event a daily volume is delivered to Seller which exceeds the Contract Maximum Daily Quantity, the excess daily volumes will be purchased by Seller at Seller's lowest delivered price from any of Seller's suppliers.

• Any gas taken by Buyer above the Maximum Daily Quantity, after notice from Seller of curtailment to the Maximum Daily Quantity, without Seller's advance approval, shall be Unauthorized Overrun Gas and shall subject Buyer to the penalty rate per dekatherm set forth in Article IV, Paragraph 5, of the General Terms and Conditions to Industrial Service Agreements hereto attached.

• Determination of DemandThe Maximum Daily Quantity (MDQ) will be initially set by determining the highest monthly average daily usage (HMAD) without normalization and multiplying that result by 1.30.

• Buyer shall purchase all gas tendered by Seller up to the Maximum Daily Quantity whenever and to the extent Buyer has a requirement for fuel in the Priority-of-Service Category set forth herein.

• Nothing in this Item 7(G) shall operate to reduce or otherwise alter Shipper’s Maximum Daily Quantity.

More Definitions of Maximum Daily Quantity

Maximum Daily Quantity. (MDQ) shall mean the maximum quantity of gas, as measured in Mcf, converted to Dth, and listed in a Shipper's Transportation Service Agreement, that the Company is obligated to deliver to a Shipper on any given Day.

Maximum Daily Quantity or "MDQ" shall mean the total maximum MMBtu which Company shall be obligated to receive or deliver on a firm basis on any given day on behalf of customer.

Maximum Daily Quantity. (MDQ) means a quantity of gas, as specified in the transportation contract between the customer and the Company, that is based on the customer's historical peak-month usage (determined from the customer's 36-month base period) plus adjustments for known or expected changes. The MDQ is the greatest quantity of gas that the Company agrees to accept for transportation on the customer's behalf on any day.

Maximum Daily Quantity. (MDQ) means the greatest quantity of Gas that can be delivered for transportation on the customer's behalf on any Day. The MDQ shall not exceed the customer's peak monthly usage in the last 36 months of such service divided by 30, multiplied by 110% and adjusted, at the Company's sole discretion, for known or expected changes or special operating conditions. The Company will conduct a review of the customer's MDQ once each 5-year period and may adjust the MDQ value based on the preceding 36 months of data. The Company may review and adjust a customer's MDQ if the customer requests a change to their gas transportation agreement.

Maximum Daily Quantity. (MDQ) shall mean the maximum daily quantity of gas that the Company agrees to accept for Transportation and that the Company is obligated to deliver to a Shipper on any given Day as indicated in the Shipper’s Transportation Service Agreement. The MDQ shall be based on the Shipper’s historical peak daily volume over the annual period ending each March 31st and adjusted for known or expected changes.

Maximum Daily Quantity means the maximum volume of Crude Oil (expressed in Barrels per day) a Priority Shipper is allowed to deliver to the Gathering System pursuant to such Priority Shipper’s COGA.

Maximum Daily Quantity means for any shipper the Maximum Daily Quantity set out on such shipper’s bid or the Maximum Daily Quantity as amended by TransCanada pursuant to subsection 3.3(d);