Quarterly Shortlifted Quantity definition

Quarterly Shortlifted Quantity means 80% of Adjusted Quarterly Contracted Quantity (AQCQ) less actual offtake during the Contract Quarter; “SCF” means standard cubic foot of Gas;
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Quarterly Shortlifted Quantity or “Take or Pay Quantity” means 80% of Adjusted Quarterly Contracted Quantity (AQCQ) less actual offtake during the Contract Quarter [also ascribed at Article 06.01 b.];
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Quarterly Shortlifted Quantity means, for each Contract Quarter, the difference, if positive, between:
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Examples of Quarterly Shortlifted Quantity in a sentence

  • During the Contract Period, the quantity of Gas equal to any Quarterly Shortlifted Quantity for which Buyer has paid QMGO charges shall constitute “Make Up Gas” accrued.

  • For such Make Up Gas delivered, Buyer shall have no rights to any amount previously paid in respect of such Quarterly Shortlifted Quantity.

  • Invoice of Quarterly Shortlifted Quantity, if any, shall be raised at the end of Contract Quarter.In addition to the payment dates above, the BUYER shall pay QMGO to the SELLER on a Quarterly basis in case the offtake during the Contract Quarter qualifies for such payment as per Article 06.01 before 7th of the succeeding month.

  • Charges towards Quarterly shortlifted Quantity shall be an amount equal to the product of: the Weighted Average Gas Price applicable during such Contract Quarter; and the Quarterly Shortlifted Quantity for such Contract Quarter, same will be referred as Quarterly Minimum Guaranteed Offtake (QMGO) Charges or Take or Pay charges.

  • Charges towards Quarterly shortlifted Quantity shall be an amount equal to the product of: the Weighted Average Gas Price applicable during such Contract Quarter; and the Quarterly Shortlifted Quantity for such Contract Quarter, same will be referred as Quarterly Minimum Guaranteed Offtake (QMGO) Charges Provided, however, that in case gas available with SELLER is less than Take or pay obligation Quantity and Buyer offtakes entire gas available, then BUYER shall pay only for the actual supply.

Related to Quarterly Shortlifted Quantity

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • 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.

  • 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.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing October 31, 2001.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Quarterly Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within 45 days of the end of a calendar quarter, the first Quarterly Distribution Date will be the last Business Day of the month following the end of the first calendar quarter after the calendar quarter in which the Effective Date falls.

  • Calendar Quarter means each period of three (3) consecutive calendar months, ending March 31, June 30, September 30, and December 31.

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • Half Year means the period of six months commencing on the first day of April or October of a financial year;

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Quarterly Distribution means with respect to each Distribution Date, the distribution to be made to the Holders of the Up-MACRO Tradeable Shares that are Outstanding on the Distribution Date pursuant to Section 5.2(a).

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Aggregate Quantity of IDR Reset Common Units has the meaning given such term in Section 5.11(a).

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.