Examples of Notional Quantity in a sentence
To the extent that Party A is required under New Zealand law to create Green Products for the Underlying Generation Assets (as at the date of this Confirmation), Party A shall, if and to the extent Party A is permitted by law and the Green Initiative to do so, transfer to Party B an amount of those Green Products in the proportion that the Notional Quantity bears to the aggregate generation capacity of those Underlying Generation Assets ("Relevant Green Products").
Calculation of Annual Revenue Ceiling The “Annual Revenue Ceiling” in respect of a Financial Year is calculated as follows: where: ARCFY = the Annual Revenue Ceiling for the Financial Year; ∑NQTI = the sum of the Notional Quantity for all Trading Intervals in the Financial Year calculated in accordance with item 3.9 (“Calculation of Notional Quantity”); and ACFY = the Annual Ceiling for the Financial Year applicable to the Financial Year.
The “Notional Quantity” for a Trading Interval is calculated as follows: where: NQTI = the Notional Quantity for the Trading Interval (in MWh); SOGTI = Sent Out Generation for the Trading Interval (in MWh); FMGTI = PFME Generation for the Trading Interval (in MWh) calculated in accordance with item 6 (“PFME Generation”).
Calculation of Annual Revenue Floor The “Annual Revenue Floor” in respect of the Financial Year is calculated as follows: where: ARFFY = the Annual Revenue Floor for the Financial Year; ∑NQTI = the sum of the Notional Quantity for all Trading Intervals in the Financial Year calculated in accordance with item 3.9 (“Calculation of Notional Quantity”); and AFFY = the Annual Floor for the Financial Year applicable to the Financial Year.