Qualified Gas definition

Qualified Gas means, for a given Settlement Interval, the lesser of
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Examples of Qualified Gas in a sentence

  • If an OFO is issued for a given day by the Facility’s LDC or Gas pipeline during the Delivery Term, Seller will be assessed an OFO Charge by Buyer if Daily Actual Gas when compared to Daily Qualified Gas, as determined in Section 3.3(f), and Additional Gas (if any) exceeds the applicable OFO Tolerance Band specified for the day as set forth below.

  • If Buyer elects to financially compensate Seller for Buyer’s Carbon Dioxide Emissions, or if Buyer makes no election, a Carbon Dioxide Emissions Payment, made on a monthly basis and payable to Seller, shall be calculated by Buyer for each Unit and on each day of the month as follows: (Daily GHG Gas) x (Carbon Dioxide Emission Rate) x (GHG Price) Daily GHG Gas shall equal the lesser of Daily Actual Gas or Daily Qualified Gas as determined in Section 3.3(f) (“Gas True-Up”) for a given day.

  • Qualified Gas Worker: any Contractor who performs covered tasks shall be operator qualified (OQ) as defined in DOT Part 192 Subpart N and all applicable state requirements pursuant to the state the Contractor is working in.

Related to Qualified Gas

  • Qualified GIC A guaranteed investment contract or surety bond providing for the investment of funds in the Custodial Account and insuring a minimum, fixed or floating rate of return on investments of such funds, which contract or surety bond shall:

  • Qualified Securitization Facility means any Securitization Facility (1) constituting a securitization financing facility that meets the following conditions: (a) the Board of Directors will have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the applicable Restricted Subsidiary or Securitization Subsidiary and (b) all sales or contributions of Securitization Assets and related assets to the applicable Person or Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) or (2) constituting a receivables financing facility.

  • Qualified Reservist Distribution means a distribution (i) from an IRA or elective deferrals under a section 401(k) or 403(b) plan, or a similar arrangement, (ii) to an individual ordered or called to active duty after September 11, 2001 (because he or she is a member of a reserve component) for a period of more than 179 days or for an indefinite period, and (iii) made during the period beginning on the date of the order or call and ending at the close of the active duty period.

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.