Equivalent Quantities definition

Equivalent Quantities means a quantity of gas containing an amount of Dths equal to the amount of Dths received by the Company for the account of Shipper at the Point(s) of Receipt.

Equivalent Quantities means the volume of gas delivered hereunder for Owner's account to the Delivery Point(s) which shall equal the thermal equivalent in MMBtu of the volume of gas received by Gatherer at the Measurement Point(s) hereunder during a given period of time less compressor fuel, dehydrator fuel, and loss and shrinkage of gas required for delivery of gas to the Delivery Point(s) hereunder during the same period of time.

Equivalent Quantities means the quantity of gas received from Customer, or for the account of Customer, at the Receipt Point(s) less Gas in Kind withheld by Company for loss and use.

Examples of Equivalent Quantities in a sentence

• On or before the fifteenth (15th) Day of each calendar month, Gatherer will render to Owner a statement setting forth, in terms of Mcf's and MMBtu's, the total quantity of Gas received hereunder as measured at the Measurement Point and the Equivalent Quantities of Gas delivered hereunder at the Delivery Point(s) during the immediately preceding Month and the amount payable therefor.

• The term “System Capacity” for purposes of scheduling receipts and deliveries shall mean the capacity available for Transportation on Transporter’s system that shall be determined by Transporter, to the best of its ability, by performing a computer simulation of the system, taking into account nominated Scheduled Input, Scheduled Equivalent, and Equivalent Quantities, the available facilities, the Gas characteristics and the line pack gain or loss required for that day.

• High Point is willing to receive certain quantities of gas for the account of Shipper at the Receipt Point(s) subject to the availability of capacity and to deliver Equivalent Quantities for the account of Shipper at the Delivery Point(s), subject to the availability of capacity.

• Grantee shall cause to be delivered to Grantor at the Receipt Point(s), and Grantor shall transport from the Receipt Point(s) through the Grantor’s Distribution System to the Delivery Points within the Overlap Area, Equivalent Quantities of natural gas.

• Transporter agrees to receive from Shipper during the term of this Service Agreement for Xxxxxxx’s account quantities of Natural Gas up to the Maximum Daily Transportation Quantity (MDTQ) specified on Exhibit “A” hereto and to deliver to Shipper Thermally Equivalent Quantities.

More Definitions of Equivalent Quantities

Equivalent Quantities means the sum of the volumes of Gas measured in MMBtu received by Transporter for the account of Shipper during any given period of time, reduced by Shipper’s share of fuel and adjusted for any variations in Btu content. It is the intent of the parties that the volumes of Gas delivered for the account of Shipper be the thermal equivalent of the volumes of Gas received by Transporter for transportation, as so adjusted.

Equivalent Quantities means the sum of the quantities of Gas measured in Dth received by TIGER for the account of a Shipper at the Receipt Point(s) during any given period of time: (a) reduced by (i) that Shipper's share of Fuel Gas and Lost and Unaccounted For Gas, and Booster Compression Fuel if applicable, and (b) adjusted for any variations in Btu content, as corrected for any water vapor in excess of five (5) pounds per million (1,000,000) cubic feet of Gas, it being the intent of the parties that the quantities of Gas delivered hereunder at the Delivery Point(s) after transportation be the thermal equivalent of the quantities of Gas delivered at the Receipt Point(s) for transportation, after reduction, correction and adjustment as provided above. In determining Equivalent Quantities for redelivery, TIGER shall formulate a thermal balance evaluating inputs to, and deliveries from, the System at least once each Month. Fuel Gas, Booster Compression Fuel and Lost and Unaccounted For Gas shall be determined pursuant to Section 36 of these General Terms and Conditions.

Equivalent Quantities means the sum of the quantities of Gas measured in Dth received by Transporter for the account of Shipper at the Points of Receipt during any given period of time reduced by the FL&U Adjustment and any Gas vented as provided in Section 3.3 hereof during the same period of time. In determining Equivalent Quantities for Delivery, each Shipper shall provide the FL&U Adjustment based on the actual quantity of Gas Tendered by such Shipper to Transporter; provided, however, that each Shipper shall be responsible for Unauthorized Overrun Gas Tendered by it to Transporter which is vented under Section 3.3; provided further, that the FL&U Adjustment shall be modified periodically to reflect Transporter's actual operating experience as described in Section 1.27 ("FL&U Requirement"). Each Shipper's share of Transporter's total FL&U Requirement shall be calculated as a percentage of each Shipper's Gas at each Point of Receipt.

Equivalent Quantities means, on any Day, a quantity of Gas (expressed in MMBtu) that has a Thermal Content equal to the Thermal Content of Customer Gas received from Customer at the Points of Receipt on that Day, less (i) the Thermal Content of System Fuel & LUAF allocated to such Customer Gas for such Day and (ii) the Thermal Content of Drip Liquids allocated to such customer Gas for such Day.

Equivalent Quantities means the thermal equivalent, in MMBtus, of the volume of Natural Gas delivered to Shipper by Transporter at the Point(s) of Delivery. Such volume is equal to the volume of Natural Gas received from Shipper at the applicable Point(s) of Receipt less the Fuel Usage and Lost and Unaccounted For Gas set forth in Transporter's Rate Schedules or Service Agreements.

Equivalent Quantities means the thermally equivalent quantity of Gas received from Shipper or for the account of Shipper, at the Receipt Point(s), less the quantity of Gas withheld by Transporter for Fuel Use and Gas Lost and Unaccounted For.

Equivalent Quantities means that quantity of Gas (in MMBTUs) that is thermally equivalent to the quantity of Gas (in MMBTUs) received by Gatherer from Shipper at the Receipt Point(s) on any one Day less those volumes of Shipper’s Gas that are retained as fuel under Section VII of this Exhibit A and/or FL&U under Article 3.2 of this Agreement, as such volumes are determined by Gatherer in good faith and allocated ratably or prorata, as applicable.