Maximum DCQ definition

Maximum DCQ means, on any Gas Day in a month, a quantity of Conforming SNG equal to product of (a) the applicable Seasonal Shaping Factor for such month and (b) one hundred and ten percent (110%) of the Monthly Annualized Average divided by the number of Gas Days in such month.
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Maximum DCQ means six hundred thousand (600,000) MMBtu per Gas Day, unless otherwise modified pursuant to Section III.B.4.
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Maximum DCQ shall have the meaning given to it in Clause 6.5.
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Examples of Maximum DCQ in a sentence

  • During any period in which the DCQ is less than the Maximum DCQ, Seller shall provide Buyer once each quarter with Seller’s non-binding estimation of the likelihood that one or more additional Increase Notices will be provided hereunder during the next quarter.

  • After the Effective Date and during any time that the DCQ is less than the Maximum DCQ, Seller shall provide written notice to Buyer no later than thirty (30) days after Seller’s execution of any LNG supply agreement that constitutes, or will constitute, a Paired Contract, with such written notice (subject to any confidentiality limitations) identifying the volume of such LNG supply agreement.

  • If, as of October 31, 2010, the DCQ determined pursuant to all Increase Notices is less than the Maximum DCQ, then either Buyer or Seller may elect to reduce the Maximum DCQ for the remaining Term to the DCQ in effect as of October 31, 2010, as follows.

  • Either Party may elect to reduce the Maximum DCQ by providing written notice to the other Party between October 31, 2010 and December 31, 2010; provided that if, prior to Buyer notifying Seller of any such reduction, Seller delivers one or more Increase Notices increasing the DCQ to the Maximum DCQ, then Buyer may not subsequently reduce the Maximum DCQ.

  • Buyer shall not be required to purchase any amounts in excess of the Buyer’s Allocated Percentage of the Maximum DCQ on any Gas Day and Seller shall not be required to tender to Buyer any amounts in excess of the Annualized Daily Average on any Gas Day.

  • Notwithstanding anything to the contrary in the foregoing, in each month Buyer shall be obligated to take and pay for the Buyer’s Allocated Percentage of the Conforming SNG tendered by Seller at the Title Transfer Point for Buyer, but in all cases subject to the limitations of the Buyer’s Allocated Percentage of the Applicable MCQ and the ACQ limitations and the Buyer’s Allocated Percentage of the Maximum DCQ and subject to any other limitations in this Agreement.

  • Therefore, the Commission stated that the:only revisions to the basic sourcing agreement herein directed by the Commission pursuant to Public Act 97-0630 are Sections 2.2(c); 12.5 (a); 14.1(b) as contained in Exhibit 3 entitled, “Illinois Power Agency’s Proposed Revisions to the Form SNG Sourcing Agreement.” Additionally, the words "Buyer's Allocated Percentage" should be removed from the definition of Maximum DCQ to correct a scrivener's error.

  • This GSA allows for a Daily Contract Quantity (“DCQ”) of 108 MMscf/d, subject to a “Buyers Maximum DCQ Reduction Amount”.

  • Buyer shall purchase and take the Buyer’s Allocated Percentage of the Conforming SNG tendered at the Title Transfer Point by Seller on a monthly basis, up to the Buyer’s Allocated Percentage of the Applicable MCQ, but not exceeding (i) the Buyer’s Allocated Percentage of the ACQ in any Contract Year, and (ii) Buyer’s Allocated Percentage of the Maximum DCQ on any Gas Day.