Balancing Requirements Sample Clauses

Balancing Requirements. Correction of natural gas imbalances, cashouts and penalties on the Columbia Gulf System, or on any other natural gas transportation system, are the sole responsibility of Buyer whether caused by Buyer’s scheduling problems into the Columbia Gulf System, or differences between Natural Gas quantities scheduled to the Gas Delivery Point and actual quantities used to meet the Dispatch to Buyer (over burn or under burn), unless such penalty or cost is attributable to an imbalance caused by the heat rate being in excess of the Guaranteed Heat Rate, in which case such increment of imbalance penalties or costs shall be the responsibility of Seller. Furthermore, Xxxxx expressly agrees to reimburse Seller for penalties or other charges imposed by Columbia Gulf (and/or any other natural gas transportation system) on Seller as a result of Xxxxx’s imbalances.
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Balancing Requirements. The existing XXXx between PG&E and each of the ISPs require that imbalances between scheduled volumes and actual deliveries at the PG&E- ISP interconnection points must be within a small tolerance, and moved toward a zero imbalance in the days immediately following an imbalance. Since Exchange Service Customers will receive gas service on the ISP side of the OBA interconnection point, the imbalances of these customers will physically exist on the ISP system, and not on the PG&E system. The ISP agrees to take responsibility for providing a storage service to these customers that includes storage service for daily balancing, while continuing to meet its OBA obligations. Therefore, the Exchange Service Customer will be obligated to obtain some amount of storage service from the ISP. The terms, balancing limits, and costs will be negotiated between the Exchange Service Customer and the ISP. As a result, Exchange Service Customers will be deemed to be in balance on OFO or EFO days, and not subject to those provisions in PG&E’s tariffs. PG&E will deem the Exchange Service end-use customer to be eligible for the self-balancing credit contained in PG&E’s G-BAL Tariff, although this customer is not subject to the balancing provisions of G-BAL, because the imbalance will not physically exist on the PG&E system. Producers are not eligible for this credit. Exchange Service producers will need to sign a CPBA for this connection, which includes responsibilities for monthly balancing.
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Balancing Requirements. Notwithstanding any other provisions of this Agreement, if: (a) Borrower fails to pay: (i) any charges for labor or material or other items that may result in a claim or lien against any part of the Property included as Eligible Property (regardless of whether any portion thereof has been released from the lien of the Deed of Trust), or (ii) any taxes on any part of said Property before they are delinquent (except in the instance where Borrower contests such charges or taxes as authorized in the Deed of Trust), or (iii) any other charges, expenses or claims required to be paid pursuant to the Master Line; (b) if any mechanic's lien or other claims are filed against any portion of the Property included as Eligible Property (regardless of whether any portion thereof has been released from the lien of the Deed of Trust), which lien or claim has not been bonded as provided in Section 9.26 of this Agreement; (c) Borrower makes any distribution or pays any dividend or other sums to any owner, partner or member of Borrower, or makes any intercompany advance or loan to any Affiliate of Borrower, as prohibited herein and in violation of any covenant in any of the Loan Documents; (d) Borrower fails to comply at all times with the covenants set out in the Loan Documents with respect to Borrower's maintaining its Net Worth or Debt–to–Equity Ratio at any specified level; or (e) Borrower otherwise defaults under any term or provision of this Agreement or any other Loan Documents (the deficiencies described in clauses (a) through (e) of this provision being hereinafter collectively referred to as the "Trailing Construction Costs"); then, at its option, Agent may require, as a condition to Borrower's right to obtain a partial release of any portion of the Property, and in addition to the payment to Agent of the applicable Release Price, that Borrower pay to Agent either: (A) an amount in cash equal to the gross proceeds from the sale of the Lot(s) and/or Home(s) being released in the Project minus such Release Price and such reasonable costs and expenses incurred in connection with such sale as are approved by Agent in its sole discretion, or (B) such greater amount as Agent may determine in its sole and absolute discretion, to be necessary to pay any such lien and such Trailing Construction Costs. Any excess amounts paid to Agent over and above the applicable Release Price may be used or disbursed by Agent under the Master Line in such manner as Agent may determine in pa...
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Related to Balancing Requirements

  • Staffing Requirements Licensee will be in full compliance with the main studio staff requirements as specified by the FCC.

  • Operating Requirements Any operating and technical requirements that may be applicable due to Regional Transmission Organization, Independent System Operator, control area, or the Connecting Transmission Owner’s requirements, including those set forth in the Small Generator Interconnection Agreement. Operating Requirements shall include Applicable Reliability Standards.

  • Closing Requirements Closing shall occur after approval of title commitment, as described hereinabove. a) At closing, Seller shall do the following: 1. Duly execute, acknowledge and deliver to Buyer, a Quit Claim Deed conveying the Property to Buyer, free and clear of all liens, claims, pledges and encumbrances. b) At closing, Buyer shall do the following: 1. Execute and provide at closing, all documents reasonably required by the City for closing. 2. Tender payment at closing for the purchase price and all associated closing costs described herein.

  • Trunking Requirements The Parties will provide designed Interconnection facilities that meet the same technical criteria and service standards, such as probability of blocking in peak hours and transmission standards, in accordance with current industry standards.

  • Bonding Requirements The Contractor is required to furnish a performance bond on the form in a form acceptable to the City, in a sum of not less than [insert bonding level] of the annual amount of the contract to guarantee the faithful performance of this contract. The bond must be approved as to sufficiency and qualifications of the surety by the Controller.

  • Monitoring Requirements This Schedule sets out the contract management requirements which are applicable to the delivery of the Services.

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience.

  • Posting Requirements Seller shall post the Development Security in accordance with the following terms and conditions: (i) Seller shall post one-half of the Development Security within thirty

  • INVOICING REQUIREMENTS A. Upon acceptance of work by the Service Coordinator, the Contractor shall submit the invoice (and supporting documents where applicable) to the appropriate County department per the issued Delivery Order within thirty (30) calendar days of the acceptance. At minimum, all invoice shall contain the following information: • Correct Delivery Order number • Description of work performed to include the manufacturer name, original make and model number(s) of parts and equipment installed. • Start and ending date of the work • Location of the work • Total labor categorized per the Bid Response Form and rounded to the nearest (30) minutes • Itemized list of materials used according to the original manufacturer’s part name and part number. ▪ Unit price and quantity shall be provided on the invoice for each part • Applicable sales tax for materials purchased should be listed separately • Markdown/mark-ups for material shall be listed as a line item on the invoice. • Approved shipping charges shall be listed separately • Permit and special equipment rental cost for reimbursement (if applicable) • Invoice total B. Proof of purchase for all reimbursable expense must be submitted with the invoice showing the actual cost for all reimbursable expenses by the County, including but not limited to, parts, shipping, sales tax, permits, specialty equipment rentals, etc. The Contractor shall provide a separate service ticket for each work day as verification of actual labor spent on the project daily. C. The Contractor shall not combine charges for multiple Delivery Orders on the same invoice. Each Delivery Order must be invoiced separately. D. The County will review invoices for the required information. The County will have the authority to reject invoices based on improper invoice format and lack of supporting documents. E. The Contractor shall not invoice the County for any work not accepted by the County. Should the County received such invoices, they will be rejected. F. Unless otherwise authorized by the corresponding department in writing, delivery of invoices and back-up documentation via e-mail and/or fax is not allowed under this contract. All invoices shall be mailed or hand delivered to the appropriate Department as referenced as the “Invoice To:” location and on the Delivery Order. G. The Contractor shall submit monthly statements of unpaid invoices to each department ordering services under this contract. The Contractor shall not combine statements for different Departments utilizing this contract. • Statement date • Invoice numbers • Invoice dates • Invoice total or unpaid balance if different from invoice total • Delivery order number corresponding to each invoice listed • Balance carry forward • Cumulative outstanding balance Statements shall be sent to the corresponding Department’s, fiscal department, and the Contract Administrator by the 15th day of each month for service performed in the prior month and upon request by the County.

  • Testing Requirements 12.1. Workplaces - 12.2. On workplaces where the value of the Commonwealth’s contribution to the project that includes the building work is at least $5,000,000, and represents at least 50% of the total construction project value or the Commonwealth’s contribution to the project that includes the building work is at least $10,000,000 (irrespective of its proportion of the total construction project value) the following minimum testing requirements must be adhered to.

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