Nominated Daily Quantity definition

Nominated Daily Quantity has the meaning given to such term in Exhibit 3.
Sample 1Sample 2Sample 3
Nominated Daily Quantity means the quantity of Gas scheduled by Buyer pursuant to paragraph 2(c), labeled "Monthly Nomination", of this Agreement.
Sample 1
Nominated Daily Quantity means the quantity of Gas scheduled by Buyer pursuant to paragraph 2 of this Agreement.
Sample 1

Examples of Nominated Daily Quantity in a sentence

  • No later than 13:00 hours on the Day prior to the Day of Gas delivery, Buyer may revise the Nominated Daily Quantity for such Day of Gas delivery if required by unforeseen circumstances or emergencies.

  • Sellers’ obligation to make Gas available to Buyer at the Delivery Point is limited to making available a quantity of Gas equal to the lower of the DCQ or the Nominated Daily Quantity for the applicable Day.

  • Seller’s obligation to make Gas available to Buyer at the Delivery Point is limited to making available a quantity of Gas equal to the lower of the DCQ or the Nominated Daily Quantity for the applicable Day.

  • The amount owed by Buyer to Seller hereunder shall be calculated as the product of (A) the difference, if positive, between (i) the then applicable Commodity Charge and (ii) the lesser price received by Seller from a third party purchaser, including any additional transportation and fuel costs incurred by Seller to deliver gas to a third party purchaser and (B) the difference between the Nominated Daily Quantity and the quantity of gas actually purchased by Buyer.

  • As a result, payment by Seller and Buyer in accordance with Subsections 14(a) and 14(b) for their failure to deliver or purchase certain quantities of gas, respectively, shall be the failing party's entire and sole liability to the non-failing party, and the right to recover such payment shall be the non-failing party's sole and exclusive remedy, for the failing party's failure or breach of its obligation to deliver or purchase the Nominated Daily Quantity set forth in this Agreement.

  • The amount owed by Seller to Buyer hereunder shall be calculated as the product of (A) the difference, if positive, between (i) the increased price paid by Buyer for replacement gas, including any additional transportation and fuel costs incurred by Buyer to receive such replacement gas and (ii) the then applicable Commodity Charge and (B) the difference between the Nominated Daily Quantity and the quantity of gas actually delivered by Seller.

  • Customer shall be responsible for nominating gas supply into Texas Gas' system up to Customer's Nominated Daily Quantity, pursuant to Section 6.12 of the General Terms and Conditions.

  • As to Commodity Charges, Seller's Statement shall be based on Buyer's Nominated Daily Quantity for each Day of such Contract Month, unless actual information is available indicating Buyer received less than the Nominated Daily Quantity, in which event the statement shall be based on the actual information or best available estimate.

  • In its sole discretion, Buyer may elect to prospectively change the Nominated Daily Quantity by providing notice to Seller of the changed Nominated Daily Quantity and the Day on which the changed Nominated Daily Quantity is to be effective (the Effective Date).

  • Buyer may elect to prospectively change the Nominated Daily Quantity for any Day of the month.


More Definitions of Nominated Daily Quantity

Nominated Daily Quantity or “NDQ.”
Sample 1
Nominated Daily Quantity or "NDQ" shall mean for each Delivery Day, NUIU's best estimate of the DDQ for such Day. The NDQ cannot exceed the MDQ.
Sample 1
Nominated Daily Quantity or “NDQ” means, for any Month, the daily quantity of flowing Gas that TEAC and Somerville establish as the quantity to be received by Somerville each Gas Day for that Month at the Point of Delivery, to consist of two components: (i) the daily quantity that Somerville will purchase and receive at the Point of Delivery under the Tennergy Supply Agreement (the “Tennergy Gas”), and (ii) the daily quantity to be sold and delivered by TEAC to Somerville and purchased and received by Somerville from TEAC at the Point of Delivery (the “TEAC Gas”).
Sample 1
Nominated Daily Quantity means the quantity of Gas which Seller shall deliver to Transporter for the account of Buyer on a particular Day, which quantity shall be scheduled by Buyer pursuant to Paragraph 5, labeled "Scheduling Procedures", of this Agreement, but not to exceed the Maximum Daily Quantity.
Sample 1

Related to Nominated Daily Quantity

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

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

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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;

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

  • 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.

  • 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.

  • PRICED SCHEDULE OR QUANTITIES means the schedule duly priced.

  • Delivery Point means the point(s) of connection(s) at which energy is delivered into the Grid System i.e. the Interconnection Point.

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

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

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Price Level means the price of the Share last determined and published by the Exchange on any day (official closing price).

  • Compounded Daily SONIA means, with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment (with the daily SONIA reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the interest rate, as specified in the applicable Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 per cent being rounded upwards:

  • Share Delivery Quantity For any Settlement Date, a number of Shares, as calculated by the Calculation Agent, equal to the Net Share Settlement Amount for such Settlement Date divided by the Settlement Price on the Valuation Date for such Settlement Date.

  • Delivery Points means: (i) for natural gas transported by interstate pipelines, the city gate stations of your Utility, and (ii) for electricity, one or more points at which Company, as your agent, has arranged for the delivery of electricity to a third party (such as your Utility) for your account or at your premises.

  • 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.

  • Priced Schedule of Quantities means the schedule of quantities duly priced with the accepted quoted rates of the contractor.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Aggregate Quantity of IDR Reset Common Units has the meaning given such term in Section 5.11(a).

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • MMBtu means one million British Thermal Units.