Replacement Quantity definition

Replacement Quantity has the meaning given to such term in Clause 11(d).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Replacement Quantity means, for any applicable month during the Term, an amount of Renewable Hydrocarbons equal to the volumes either (i) not made available, tendered or sold by Gevo as contemplated in Section 3.3. or (ii) made available to, but not paid for by Kolmar in accordance with the provisions set forth in Sections 3.4, 8.1 and 8.3.

Replacement Quantity means, for any given applicable month, an amount of Renewable Hydrocarbons equal to the volumes either (i) not made available, tendered or sold by Seller as contemplated in Section 3.4. or (ii) not nominated, received or purchased by Buyer as contemplated in Section 3.5, as applicable.

Examples of Replacement Quantity in a sentence

The District will then multiply the Remaining Current Delivery Period Output estimate by the Purchaser’s Slice Percentage for the current Delivery Period as set forth in Section 3 of the Slice Contract to establish the Current Delivery Period Remaining Replacement Quantity (MWh).
Determine the Remaining Delivery Period Market Price on the date of calculation for Current Delivery Period Remaining Replacement Quantity (3a) by multiplying the monthly Flat Mid C Forward Market Prices by the respective monthly amounts of the Current Delivery Period Remaining Replacement Quantity (3a) and then divide the sum of those monthly dollar amounts by the total Current Delivery Period Remaining Replacement Quantity from (3a).
Determine the Remaining Delivery Period Market Price on the date of calculation for Current Delivery Period Remaining Replacement Quantity (3a) by multiplying the monthly Flat Mid-C Forward Market Prices by the respective monthly amounts of the Current Delivery Period Remaining Replacement Quantity (3a) and then divide the sum of those monthly dollar amounts by the total Current Delivery Period Remaining Replacement Quantity from (3a).
The District will then multiply the Remaining Current Delivery Period Output estimate by the Contract Percentage for the current Delivery Period to determine the Current Delivery Period Remaining Replacement Quantity (MWh).
Multiply the Current Delivery Period Replacement Price (3d) by the total Current Delivery Period Remaining Replacement Quantity (3a) and then subtract the sum of the remaining Delivery Period Payment Installments, beginning with the installment owed for the Prompt Month (3b).

More Definitions of Replacement Quantity

Replacement Quantity means, for any applicable month during the Term, an amount of Renewable Hydrocarbons equal to the volumes either