Shrinkage Factor definition

Shrinkage Factor means the factor used to convert Rich Gas processed at Kårstø gas plant, Kollsnes gas plant or at the Heimdal platform to resultant Dry Gas as described in article10.
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Shrinkage Factor has the meaning given in Section D paragraph 4.3.1 of the IUK Access Code;
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Shrinkage Factor has the meaning given in Section D paragraph 4.3.1 of the IUK Access Code; “Single Sided Nomination” has the meaning given in Section C paragraph 1.2.2 of the IUK Access Code;
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Examples of Shrinkage Factor in a sentence

  • The NTS Shrinkage Factor for the Gas Flow Day will be made available to Users not later than 13:30 hours on the Preceding Day.

  • The recalculation of the Distribution System Shrinkage Factor shall utilise data for the twelve (12) Month period to the end of July in the then current Gas Year.

  • The quantity of Shrinkage Gas attributable to the Distribution System for a Day (" Initial Distribution System Shrinkage Gas Attribution") shall be calculated on D+1 by multiplying the actual quantity of Natural Gas consumed by the Distribution System for the Day (calculated in accordance with Part D (Nominations, Allocations and NDM Supply Point Reconciliation) Section 2.7.3(b)) by the Distribution System Shrinkage Factor.

  • The Distribution System Shrinkage Factor shall be calculated in accordance with a methodology approved by the Commission.

  • The Transporter may recalculate the Distribution System Shrinkage Factor on an annual basis.

  • Where the Distribution System Shrinkage Factor is recalculated then it shall, with the approval of the Commission, apply from the start of the subsequent Gas Year.

  • The quantity of Shrinkage Gas attributed to the Distribution System in respect of a Day shall be calculated by the Transporter on D+5 (" Final Distribution System Shrinkage Gas Attribution") by multiplying the actual quantity of Natural Gas consumed by the Distribution System for the Day by the Distribution System Shrinkage Factor.

  • The Shrinkage Factor is separate (and does not include) the Dust Factor set out in section C8.

  • Nomination: The Quantity of Gas, adjusted by the Shrinkage Factor, that the Customer is delivering, or having delivered on its behalf, to a Point(s) of Receipt in the electronic format as provided by the Company.

  • Daily Contract Quantity (DCQ): The monthly Quantity of Gas scheduled by the Customer to be delivered to the Company's distribution system each Day of the Month, which has been adjusted to account for the Shrinkage Factor.


More Definitions of Shrinkage Factor

Shrinkage Factor means in respect of raw gas produced from a Production Source and delivered into the Pipeline System at a Receipt Point for processing at a Processing Plant, the factor to be used to convert the Authorized Receipt Volume to the Authorized Raw Gas Receipt Volume for any day in a month.
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Shrinkage Factor means the amount of Total Trust Position as defined expressed as a percentage of liquid or near liquid assets. It is calculated as follows: Cash on hand plus Contracts in transit plus Vehicle Accounts receivable plus new and used inventory minus new and used vehicle liability divided by the sum of Cash on hand, contracts in transit, Vehicle Accounts receivable, new and used inventory.
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Related to Shrinkage Factor

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Stress Factor means 2.25.

  • Exchange Factor means 1.0; provided, however, that if the General Partner: (a) declares or pays a dividend on its outstanding Common Stock in Common Stock or makes a distribution to all holders of its outstanding Common Stock in Common Stock; (b) subdivides its outstanding Common Stock; or (c) combines its outstanding Common Stock into a smaller number of shares of Common Stock, the Exchange Factor shall be adjusted by multiplying the Exchange Factor by a fraction, the numerator of which shall be the number of shares of Common Stock issued and outstanding on the record date for such dividend, contribution, subdivision or combination (assuming for such purpose that such dividend, distribution, subdivision or combination has occurred as of such time), and the denominator of which shall be the actual number of shares of Common Stock (determined without the above assumption) issued and outstanding on the record date for such dividend, distribution, subdivision or combination. Any adjustment to the Exchange Factor shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event.

  • Loss Factor means the scaling factor determined in accordance with clause 7 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • 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;

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Class Factor As to any date of determination and any Class of Certificates (other than the Interest Only Classes and the Residual Certificates), a fraction the numerator of which is (i) the aggregate of the denominations of all Certificates of such Class plus, in the case of each Accrual Class, all interest that has accrued on the Certificates of such Class prior to such date of determination and been added to the Class Balance thereof, less (ii) the aggregate amount of all Principal Distribution Amounts, if any, allocable thereto prior to such date of determination and the denominator of which is the original Class Balance of such Class. As to any date of determination and any Interest Only Class, a fraction, the numerator of which is the percentage of the balance specified for such purpose under “Reference Sheet–Notional Classes” in the Prospectus Supplement (or, if applicable, the sum of the applicable percentages of the balances so specified) and the denominator of which is the original Class Balance thereof. Code: The Internal Revenue Code of 1986, as amended, including any successor or amendatory provisions.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

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

  • Leakage technique factors means the technique factors associated with the diagnostic or therapeutic source assembly which are used in measuring leakage radiation. They are defined as follows:

  • 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.

  • 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.

  • Technique factors means the following conditions of operation:

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Adjustment Factor means, with respect to a share of the Fund (or one unit of any other security for which a Fund Closing Price must be determined), 1.0, subject to adjustment in the event of certain events affecting the shares of the Fund. See “—Anti-dilution Adjustments Relating to the Fund; Alternate Calculation —Anti-dilution Adjustments” below.

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.