Annual Quantity definition

Annual Quantity means a quantity of RECs specified as such in the Product Order of the Agreement, which reflects the portion of the RFP Awarded Annual Quantity allocated to this Agreement.

Annual Quantity or “AQ” means the volume of gas expressed in kWh which reflects the historical consumption at any Supply Point as recorded and held by Xoserve;

Annual Quantity means a quantity of RECs specified as such in Table 1 of the REC Contract.” The definition of “Bankrupt” in Section 1.7 is amended by replacing “30 days” in clause (ii) with “60 days.” The following is added as Section 1.7.1:

Examples of Annual Quantity in a sentence

• For example, if the Annual Quantity is 3,650 RECs and the Delivery starts on August 1, 2020, then the Delivery Term is August 1, 2020 through July 31, 2035 and, for each day during the 365-day period of August 1, 2020 through July 31, 2021, the Daily Quantity can be reduced from 10 RECs to 5 RECs. The maximum of 10 RECs is calculated by dividing the 3,650 RECs (Annual Quantity) by 365 days.

• The minimum of 5 RECs is calculated by dividing 3,650 RECs (Annual Quantity) by 365 days, and then multiplying by 50%.

• If the Facility produces LRECs or ZRECs in excess of the Maximum Annual Quantity, Buyer at its sole discretion may offer to purchase, but is under no obligation to offer to purchase, such excess up to the total of such excess LRECs or ZRECs at the Purchase Price and Seller may accept such offer but is under no obligation to sell such excess to Buyer.

• In no event shall Buyer be required to purchase LRECs or ZRECs in excess of the Maximum Annual Quantity during any Contract Year.

• For avoidance of confusion, the following example is provided: If a developer with a Maximum Annual Quantity of 100 LRECs produces 110 LRECs in Contract Year 1 and such Seller elected and properly notified Buyer of its intent to transfer the excess 10 LRECs to Buyer for payment in Contract Year 2, Buyer would pay for 100 LRECs in Contract Year 1, in accordance with the normal invoicing cycle, and pay for the extra 10 LRECs in Contract Year 2.

More Definitions of Annual Quantity

Annual Quantity. , “Annual LTA Quantity” shall mean the quantity of material committed to be lifted by the PURCHASER in a Financial Year.

Annual Quantity means the quantity of water that is made available by CADIZ through its intended water conservation program that will optimize groundwater basin management and avoid loss of groundwater to evaporation. Included within the Annual Quantity shall be the Initial 5K AF referenced herein.

Annual Quantity or “ACQ” means the quantity agreed between CRP and the User as the maximum quantity of gas which CRP agrees to receive, transport and deliver each Contract Year.

Annual Quantity means the annual volume of (i) water supplied to a Metered Connection or (ii) Wastewater collected from a Metered Connection, as measured by a meter and/or calculated by an estimation.

Annual Quantity means the amount of Natural Gas in kWh that you use as calculated by Gas Networks Ireland and provided to us;

Annual Quantity means the annual quantity of Energy that you are expected to consume at the Site within each Contract Year.

Annual Quantity means for each Contract Year the DCQ times the number of Days in that Contract Year.