Monthly Annualized Average definition
Monthly Annualized Average means an amount equal to 3,345,980 MMBtu, which is the ACQ divided by 12 months. The quantity of MMBtu specified in this definition of Monthly Annualized Average shall be subject to adjustment in accordance with Section 2.10 (Adjustment to Price and Buyer’s Allocated Percentage) (if applicable).
Monthly Annualized Average means an amount equal to 3.167 million MMBtus, which is the ACQ divided by 12 months.
Examples of Monthly Annualized Average in a sentence
If Seller fails to deliver the Buyer’s Allocated Percentage of the MCQ in any month, Seller may increase the Buyer’s Allocated Percentage of MCQ to the Buyer’s Allocated Percentage of the Increased MCQ for each succeeding month until the Buyer’s Allocated Percentage of Monthly Actual Annualized Average as of the beginning of any subsequent month is equal to or higher than the Buyer’s Allocated Percentage of the Monthly Annualized Average.