Notional Quantity definition

Notional Quantity means, with respect to a Commodity Conversion, the number of units of the underlying commodity.

Notional Quantity. – means the size of the OTCI transaction expressed either outright, or in accordance with the number of contracts underlying the OTCI transaction.

Notional Quantity means, in respect of a Precious Metal Transaction or Option, the quantity designated as such in the relevant Confirmation as the quantity of the relevant Precious Metal by reference to which the amount due to be paid under such Precious Metal Transaction or Option is calculated;

Examples of Notional Quantity in a sentence

• 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.

More Definitions of Notional Quantity

Notional Quantity has the meaning given in item 3.9 of Schedule 1 (“Support terms”).

Notional Quantity means the quantity of gas or financial power agreed to by Exchange and the Contracting Party upon entering into a Futures Transaction, which forms the basis of settlement for the Futures Transaction and is referred to in the respective Futures Confirmation as the Notional Quantity;

Notional Quantity means, in respect of a Calculation Period, Units specified in the relevant Confirmation for that Calculation Period.

Notional Quantity means, in respect of a Commodities Transaction or a Precious Metal Transaction, the quantity designated as such in the relevant Confirmation as the quantity of the relevant Commodities or Precious Metal by reference to which the amount due to be paid under such Commodities Transaction or Precious Metal Transaction is calculated;

Notional Quantity. ” means the notional quantity of the underlying commodity gas or financial power agreed to by Exchange and the Contracting Party, upon entering into a Financially Settled Futures Transaction, which forms the basis of settlement for the Financially Settled Futures Transaction and is referred to in the respective Financially Settled Futures Confirmation as the Notional Quantity;

Notional Quantity has the meaning given in item 3.9 of Schedule 1 (“Support terms”). Opt-Out Period has the meaning given in clause 14.2 (“Option to not receive Support”). Option has the meaning given in clause 14.2 (“Option to not receive Support”).

Notional Quantity. Means the applicable quantity listed in Schedule A.