BALANCING PROCEDURES Clause Samples
BALANCING PROCEDURES. 5.1. Processing Customer will inform AUM of the amount of Gas to be delivered by Processing Customer at the Plant Receipt Point and of Processing Customer’s nomination for Residue Gas to be delivered at the Redelivery Point, in accordance with the nomination procedures described above, as same may be amended from time to time. In the event that Processing Customer does not, on a daily basis, arrange for the transportation and disposition of its Residue Gas at the Redelivery Point, or if Processing Customer nominates Residue Gas volumes in a greater or lesser amount than Processing Customer’s Residue Gas at the Redelivery Point, then a condition of imbalance shall exist. A “Positive Imbalance” is the volume by which Processing Customer’s Residue Gas exceeds the confirmed nominated pipeline Residue Gas volume disposed of by Processing Customer or the authorized agent of Processing Customer. A “Negative Imbalance” is the volume by which Processing Customer’s Residue Gas is less than the confirmed nominated pipeline Residue Gas volume disposed of by Processing Customer or the authorized agent of Processing Customer. AUM and Processing Customer shall work to minimize any imbalance and agree to exchange pertinent information in writing in good faith in an attempt to minimize the imbalance. As soon as practicable AUM shall provide Processing Customer written notice that Processing Customer has a condition of imbalance during any Accounting Period, and Processing Customer shall take immediate corrective action to conform Processing Customer’s nominations to Processing Customer’s physical flows adjusted for relief of existing imbalance, if requested by AUM. Imbalance adjustments may be limited by the downstream pipeline’s acceptance of such adjustments.
BALANCING PROCEDURES. Producer will inform Processor of the amount of Gas to be delivered by Producer at each Receipt Point and of Producer’s nomination for Gas to be delivered at the Redelivery Point, in accordance with the nomination procedures described above, as same may be amended from time to time. In the event that Producer does not, on a daily basis, arrange for the sale, transportation and disposition of its Gas at the Redelivery Point, or if Producer nominates for sale Gas volumes in a greater or lesser amount than Producer’s contractual share of the Gas at the Redelivery Point, then a condition of imbalance shall exist. A “Positive Imbalance” is the volume by which Producer’s contractual share of the Gas allocated pursuant to this Agreement in accordance with confirmed wellhead Entitlement Percentages, is in excess of the confirmed nominated pipeline Gas sales volumes disposed of by Producer or Producer’s designee. A “Negative Imbalance” is the volume by which Producer’s contractual share of the Gas allocated pursuant to this Agreement in accordance with confirmed wellhead Entitlement Percentages is less than the confirmed nominated pipeline Gas sales volumes disposed of by Producer or Producer’s designee. Processor and Producer shall work to minimize any imbalance and agree to exchange pertinent information in writing in good faith in an attempt to minimize the imbalance. As soon as practicable Processor shall provide Producer written notice that Producer has a condition of imbalance during any Accounting Period, and Producer shall take immediate corrective action to conform Producer’s nominations to Producer’s physical flows adjusted for relief of existing imbalance, if requested by Processor. Imbalance adjustments may be limited by the downstream pipeline’s acceptance of such adjustments.
BALANCING PROCEDURES. A. The Customer shall balance its usage with actual deliveries of Customer-owned gas to Crossroads for delivery to NIFL (including Carryover Gas made available to Customer on an average daily basis) and NITCO-supplied gas requested by the Customer (collectively, "Total Deliveries").