Total FLG Cap definition

Total FLG Cap has the meaning set forth in Exhibit 9.4.
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Total FLG Cap means the total percentage cap for a System that is calculated as follows: Compression Fuel Cap per Deemed Compression Stage multiplied by Deemed Compression Stages PLUS Lost Gas Cap. For example, for a System with 18,000 MMBtu average volume of 1050 Btu Gas with dehydration, and two stages of compression, the Total FLG Cap for the System would be 5.00% (2 *2.0% + 1.00%). The Compression Fuel Cap and Lost Gas Cap are set forth in the table in Section 2.5 below.
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Total FLG Cap means the percentage cap for the System that is set forth in Section 5.2(c) of this Exhibit F.
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Examples of Total FLG Cap in a sentence

  • Commencing after December 31, 2011, and subject to the additional terms defined and set forth in Exhibit 9.4, if Gatherer’s calculations pursuant to Section 2.2 of Exhibit 9.4 indicate that an FLG Exceedance has occurred in any Super-System or System, the FLG Report sent by Gatherer shall include an explanation, system balance report, and cost estimate for a remedy that is reasonably expected to prevent Fuel and Lost Gas from exceeding the Total FLG Cap in the future (“FLG Proposal”).

  • All calculations under this Exhibit “9.4”, including, without limitation, Total FLG Cap, FLG Exceedance, and FLG Reimbursements, are to be calculated independently as appropriate for each System.

  • Upon receipt of written request from Shipper (“Shipper’s Notice”) provided within thirty (30) days after Shipper receives the Quarterly Report, Gatherer shall calculate the Actual FLG, Total FLG Cap, FLG Exceedance, and FLG Reimbursements for such System for the previous FLG ANCHOR SHIPPER GAS GATHERING AGREEMENT FOR NORTHERN PENNSYLVANIA - AMS AS GATHERER - EPSILON AS SHIPPER Quarter and submit the data to Shipper (“FLG Report”) within forty-five (45) days after receipt of Shipper’s Notice.

  • All Lost Gas on a System caused by the actions of unaffiliated third parties recovered by Gatherer and credited to shippers will not be allocated to Lost Gas for purposes of calculating the Total FLG Cap as long as the System balance for that time period is adjusted accordingly.

  • Subject to the additional terms set forth below, if Gatherer’s calculations as provided below indicate that an FLG Exceedance has occurred in the System, the FLG Report sent by Gatherer will include an explanation, system balance report, and cost estimate for a remedy that is reasonably expected to prevent Fuel and L&U from exceeding the Total FLG Cap in the future (“FLG Proposal”).

  • Upon receipt of written request from Producers (“Producers’ Notice”) provided within thirty (30) Days after Producers receive the Quarterly Report, Gatherer will calculate the Actual FLG, Total FLG Cap, FLG Exceedance, and FLG Reimbursements for such System for the previous FLG Quarter and submit the data to Producers (“FLG Report”) within ** Days after receipt of Producers’ Notice.

  • Unless otherwise mutually agreed to, the Total FLG Cap and FLG Reimbursement will not be applicable to the gathering sub-systems, or portions thereof, listed on Schedule 3 to Exhibit F.

  • Electric compression and volumes compressed by electric compression will not be considered in determining the Total FLG Cap.

  • The Total FLG Cap for a gathering sub-system will be **% per Deemed Compression Stage plus **% for L&U.

  • All L&U caused by the actions of unaffiliated third parties recovered by Gatherer and credited to Producers will not be allocated to L&U for purposes of calculating the Total FLG Cap as long as the System balance for that time period is adjusted accordingly.

Related to Total FLG Cap

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Total Available Amount With respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date and the amount of all cash or other immediately available funds on deposit in the Reserve Account immediately prior to such Distribution Date.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • 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.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Total maximum daily load or "TMDL" means the sum of the individual wasteload allocations for point sources, load allocations (LAs) for nonpoint sources, natural background loading and a margin of safety. TMDLs can be expressed in terms of either mass per time, toxicity, or other appropriate measure. The TMDL process provides for point versus nonpoint source trade-offs.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Adjusted Cash Flow for any fiscal year shall mean Consolidated Net Income of the Borrower for such fiscal year (after provision for taxes) plus the amount of all net non-cash charges (including, without limitation, depreciation, deferred tax expense, non-cash interest expense, amortization and other non-cash charges) that were deducted in arriving at such Consolidated Net Income for such fiscal year, minus the amount of all non-cash gains and gains from sales of assets (other than sales of inventory and equipment in the normal course of business) that were added in arriving at such Consolidated Net Income for such fiscal year.

  • Total adjusted capital means the sum of:

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Total Consolidated Capitalization means, at any time, the sum of (i) Total Consolidated Debt plus (ii) the total amount of shareholder’s equity of the Company.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Maximum Available Amount means, on any date of determination, an amount equal to the lesser of:

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 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.