Qualifying Volumes definition

Qualifying Volumes has the meaning assigned to such term in paragraph 5(d)(2) of Exhibit III of that certain Southern Access Offer of Settlement dated December 21, 2005, provided, however, that such Qualifying Volumes shall be limited to a maximum of 394,000 bpd.
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Qualifying Volumes is defined in Section 6.2(a).
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Qualifying Volumes means, for each Month, the average Monthly Delivered Produced Water delivered to all Measurement Points for the most recently ended Calendar Quarter, as of the last day of such Calendar Quarter; provided that the Qualifying Volumes for each Month prior to the first full Calendar Quarter following the Effective Date shall be the Delivered Produced Water delivered to all Measurement Points for the most recently completed Month.
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Examples of Qualifying Volumes in a sentence

  • This means that if all other Operational Conditions Precedent have been satisfied, the Producer can achieve its Start Date and begin to receive payments under the LCHA in respect of Qualifying Volumes produced and sold.

  • This mechanism will operate so that the Producer receives an amount linked to the increment by which the Reference Price exceeds by incentivising Producers to achieve prices for Qualifying Volumes above the Floor Price Floor for each unit of hydrogen sold, with the calculation of this amount to be determined by BEIS.

  • As such, XXXX considers that it is the most appropriate comparator for the Gas Reference Price in the calculation of the Reference Price for Qualifying Volumes (see item 4.6 (Reference Prices)).

  • As stated above in relation to the relevant definitions in this Part 4, BEIS intends to pro-rate all CO2 T&S charges that the LCHA Counterparty pays the Producer based on the ratio of Qualifying Volumes to total Metered H2 Output in the relevant period.

  • Hydrogen AgreementLCHS is a minimum threshold that must be met in order for the Producer's hydrogen to be considered 'low carbon' such that it can receive support under the LCHA (provided that the other conditions for payment are also met – see item 4.2 (Qualifying Volumes, Non-Qualifying Volumes and RTFO Volumes)).

  • The tiered approach of the CO2 T&S Outage Relief Event Strike Price Deduction reflects the theoretical risk that curtailment of the network; and (c) full network outages, 23 Note to Reader: BEIS is considering how to apportion CO2 T&S Charges in relation to Qualifying Volumes and Non-Qualifying Volumes and the treatment of CO2 T&S charges where no hydrogen is being produced and sold.

  • BEIS intends to pro-rate all CO2 T&S charges that the LCHA Counterparty pays the Producer based on the ratio of Qualifying Volumes to total Metered H2 Output in the relevant period.

  • Therefore, the Producer has an Annual Volume Cap of 100MWh.32 • The Producer is permitted to alter its Qualifying Volumes (in blue) and is allowed to borrow (in yellow) volumes up to the Permitted Annual Volume Cap (i.e. 125%) and carry forward (in orange) volumes down to the Annual Volume Floor (i.e. 75%), with any volumes below the Annual Volume Floor not carried forward and therefore forfeited (see Year 8 in the Figure 5 and 6).

  • This payment, which will also take into consideration the additional amounts discussed in the following paragraphs) will be calculated by deducting the Reference Price for Qualifying Volumes (see item 4.6 (Reference Prices)) from the Strike Price (see item 4.5 (Strike Price)) and multiplying the result by the relevant Qualifying Volumes.

  • When the Reference Price for Qualifying Volumes exceeds the Strike Price, an amount will be payable by the Producer to the LCHA Counterparty, which will be calculated by deducting the Strike Price 8 Note to Reader: This limb (c) remains subject to further review by BEIS.

Related to Qualifying Volumes

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

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

  • Qualifying position means one or more jobs with one or more participating public em-

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

  • Service Volume means a measure of Services for which a Performance Target is set.

  • 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).

  • 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.

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Qualifying year means the calendar year to which the qualifying certificate applies.

  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • Working voltage means the highest value of an electrical circuit voltage root-mean-square (rms), specified by the manufacturer, which may occur between any conductive parts in open circuit conditions or under normal operating conditions. If the electrical circuit is divided by galvanic isolation, the working voltage is defined for each divided circuit, respectively.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • average consumption means the average consumption by a customer of a municipal service during a specific period, which consumption is calculated by dividing by three the total measured consumption of that service by that customer over the preceding three months;

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount.

  • Generator Forced Outage means an immediate reduction in output or capacity or removal from service, in whole or in part, of a generating unit by reason of an Emergency or threatened Emergency, unanticipated failure, or other cause beyond the control of the owner or operator of the facility, as specified in the relevant portions of the PJM Manuals. A reduction in output or removal from service of a generating unit in response to changes in market conditions shall not constitute a Generator Forced Outage.

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Average Wholesale Price or “AWP” means the wholesale price charged on a specific commodity that is assigned by the drug manufacturer and is listed in a nationally-recognized drug pricing file.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Closing Sales Price means, for any security as of any date, the last sales price of such security on the principal trading market where such security is listed or traded as reported by Bloomberg Financial Markets (or a comparable reporting service of national reputation selected by the Corporation if Bloomberg Financial Markets is not then reporting closing sales prices of such security) (collectively, “Bloomberg”), or if the foregoing does not apply, the last reported sales price of such security on a national exchange or in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no such price is reported for such security by Bloomberg, the average of the bid prices of all market makers for such security as reported in the “pink sheets” by the National Quotation Bureau, Inc., in each case for such date or, if such date was not a trading day for such security, on the next preceding date that was a trading day. If the Closing Sales Price cannot be calculated for such security on any of the foregoing bases, the Closing Sales Price of such security on such date shall be the fair market value as reasonably determined by an investment banking firm selected by the Corporation, with the costs of such appraisal to be borne by the Corporation.