Nominated Daily Quantity definition

Nominated Daily Quantity has the meaning given to such term in Exhibit 3.
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Nominated Daily Quantity means the quantity of Gas scheduled by Buyer pursuant to paragraph 2 of this Agreement.
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

Examples of Nominated Daily Quantity in a sentence

  • 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.

  • With respect to deliveries of Natural Gas produced from the Subject Interests, at least two (2) Business Days prior to the date monthly nominations are due each month on the Transporter (as defined in the Natural Gas Purchase Terms), Borrower shall notify Lender in writing of the "Nominated Daily Quantity" that Borrower agrees to sell and deliver to Lender for the next succeeding month.

  • Until subsequently changed by Buyer pursuant to the following, Seller shall continue to deliver the initial Nominated Daily Quantity to Transporter, for the account of Buyer, each Day of the following Contract Month.

  • 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.

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

  • 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).

  • Seller shall continue to deliver to Transporter, for the account of Buyer, the changed Nominated Daily Quantity each Day unless and until Buyer elects to again change the Nominated Daily Quantity pursuant to the preceding.

  • If Borrower fails to notify lender of the "Nominated Daily Quantity" on or before the above stated date, Borrower's nomination shall be deemed to be unchanged from its last effective nomination.


More Definitions of Nominated Daily Quantity

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
Nominated Daily Quantity or “NDQ.”
Sample 1
Nominated Daily Quantity means the quantity of Gas scheduled by Buyer pursuant to paragraph 2(c), labeled "Monthly Nominations".
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

Related to Nominated Daily Quantity

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

  • 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.

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

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

  • Compounded Daily SONIA means with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily Sterling overnight 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 Rate of Interest, as specified in the Final Terms or Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • 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.

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

  • 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.