Minimum Contract Quantity definition

Minimum Contract Quantity means the quantity of Product determined by multiplying the Total Contract Quantity, in MCF, by the MPR, (i.e. Total Contract Quantity x MPR).
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Minimum Contract Quantity shall be defined as a Daily average of 110,000 Barrels per Day of Feedstock delivered for Customer’s account during each delivery Month during the term of this Agreement.
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Minimum Contract Quantity means fifty percent (50%) of the Annual Contract Quantity, which is equal to 258,390 kWh per year.
Sample 1

Examples of Minimum Contract Quantity in a sentence

  • These OSA were structured on Minimum Contract Quantity, that is, such group of downstream petrochemical plants must buy products in the minimum quantity specified in the agreement.

  • The Tolling Fee shall be increased for the 18-Month period immediately preceding and including the month of the commencement of such Scheduled Turnaround to include the Turnaround Fee shown on such Turnaround Budget to be assessed on each Barrel of Feedstock (using the Minimum Contract Quantity) in order to allow Owner to earn the Accrued Turnaround Cost.

  • If the Effective Date is any Day other than the first Day of a Month, then the Feedstock delivered to the Facilities for Customer’s account from the first Day of the Month through the Effective Date shall be considered for purposes of determining whether Company tendered its Minimum Contract Quantity for the Month.

  • The Service Fee will be calculated by dividing such estimate by the Minimum Contract Quantity, i.e., 110,000 Barrels per Day * the number of Days in the immediately succeeding calendar year.

  • Notwithstanding anything in the foregoing, if the Facilities are unable to perform any of the services hereunder as a result of the operations or condition of facilities upstream or downstream of the Facilities or as a result of acts or omissions of Customer or its Affiliates, unless agreed upon in writing by Owner, Customer shall not have the option to terminate this Agreement nor have the option to elect to have this Agreement apply to services on less than the Minimum Contract Quantity.

  • During the Delivery Period, for each PGA Year, and on the terms set forth in the Contract as modified by the Additional Terms set forth below, (a) Seller shall sell to Buyer at the Delivery Point a quantity of Product equal to or greater than the Minimum Contract Quantity specified below, and (b) Buyer shall purchase from Seller at the Delivery Point such quantity of Product.

  • Moreover, a likelihood ratio (LR) test was performed to evaluate whether LMM goodness-of-fit may benefit from expressing VW as a combination of multiple T-wave parameters rather than considering each of them separately.

  • Such quarterly updates shall not be deemed to change the Minimum Contract Quantity and the delivery obligations under this Contract in any PGA Year shall be based on the Minimum Contract Quantity as of July 1 of the preceding such PGA Year.

  • Subject to the provisions of Section 3.3 below, Shipper shall make available for delivery to Gatherer at the Receipt Points a cumulative minimum volume of gas equal to the Minimum Contract Quantity over the initial six (6) MCQ Contract Years (as each MCQ Contract Year may be extended as provided for in Sections 9.5 or 10.1) of the term hereof.

  • Either Party may terminate this Transaction Confirmation upon 60 days' prior written notice to the other Party in the event the quantity of Product Delivered over any PGA Year is less than [ ] percent ([ ]%)] of the [Minimum Contract Quantity specified on the Effective Date].


More Definitions of Minimum Contract Quantity

Minimum Contract Quantity means 1,308.311 Bcf. Shipper’s gas plus any other third party gas produced from Shipper operated Xxxxx and delivered to the Receipt Point(s) each MCQ Contract Year shall be aggregated for purposes of calculating the Minimum Contract Quantity. All of Shipper’s gas available for delivery to the System shall count towards Shipper’s Minimum Contract Quantity. No Third Party Gas shall be included in the calculation of the Minimum Contract Quantity.
Sample 1
Minimum Contract Quantity means the quantity of Product determined by multiplying 25 MMcf by the number of Days in the Primary Term.
Sample 1
Minimum Contract Quantity shall be defined as 97,000 Barrels per Day.
Sample 1

Related to Minimum Contract Quantity

  • 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.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • 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.

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

  • Minimum Order Quantity means the minimum number of batches of a Product to be produced during the same cycle of manufacturing as set forth in a Product Agreement on Schedule B;

  • 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.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Small quantity generator means a generator who generates less than 1000 kg of hazardous waste in a calendar month.

  • 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.

  • 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.

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Base Capacity Demand Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Demand Resources and Base Capacity Energy Efficiency Resources and the clearing price for Base Capacity Resources and Capacity Performance Resources, representing the cost to procure additional Base Capacity Resources or Capacity Performance Resources out of merit order when the Base Capacity Demand Resource Constraint is binding.

  • Net Invoice Price means the price paid by You for Your Vehicle including all factory fitted accessories and any discount given but excluding retailer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and / or upholstery protection kits, insurance premiums (including this Premium), warranty premiums and any such associated costs and any Negative Equity.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • 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.

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • 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.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

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

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Shipment Date , in relation to a mineral, means —