Cumulative Imbalance Sample Clauses
The Cumulative Imbalance clause defines how ongoing discrepancies between the amounts delivered and received under a contract are tracked and managed over time. Typically, this clause sets out the method for calculating the net difference between what each party has supplied or taken, often in the context of commodities or energy agreements. By establishing a clear process for monitoring and settling these imbalances, the clause ensures that neither party is unfairly advantaged or disadvantaged due to ongoing delivery mismatches, thereby promoting fairness and operational clarity.
Cumulative Imbalance. (a) The Service Providers will monitor and record a running total of the Shipper's daily Imbalances, at the end of each Day, for each Path under a Service (Cumulative Imbalance).
(b) A positive Cumulative Imbalance will occur in respect of a Path under a Service if during the relevant period the quantity of Gas delivered at the Delivery Point is less than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage and As-Available Forward Haulage Service) for that Path under that Service.
(c) A negative Cumulative Imbalance will occur in respect of a Path under a Service if, during the relevant period, the quantity of Gas delivered at Delivery Points is more than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage and As-Available Forward Haulage Service) for that Path under that Service.
Cumulative Imbalance. (a) The Service Provider will monitor and record a running total of the Shipper's daily Imbalances, at the end of each Day, for each Service (Cumulative Imbalance).
(b) A positive Cumulative Imbalance will occur in respect of a Service if during the relevant period the quantity of Gas delivered at the Delivery Point is less than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Service) for that Service.
(c) A negative Cumulative Imbalance will occur in respect of a Service if, during the relevant period, the quantity of Gas delivered at Delivery Points is more than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Service) for that Service.
Cumulative Imbalance. (a) The Service Providers will monitor and record a running total of the Shipper's daily Imbalances, at the end of each Day, for each Zone (Cumulative Imbalance).
(b) A positive Cumulative Imbalance will occur if during the relevant period the quantity of Natural Gas delivered under this document at Delivery Points is less than the quantity of Natural Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Services).
(c) A negative Cumulative Imbalance occurs if, during the relevant period, the quantity of Natural Gas delivered under this document at Delivery Points is more than the quantity of Natural Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Services).
Cumulative Imbalance i. The Pipeline Company will monitor and record a running total of the CPC's daily Imbalances, at the end of each day, for each Path under the relevant Daily Nomination Notice (“Cumulative Imbalance”).
ii. A positive Cumulative Imbalance will occur in respect of a Path under a Daily Nomination Notice if during the relevant period the quantity of Regasified LNG delivered at the relevant Delivery Point is less than the quantity of Regasified LNG received at the Custody Transfer Point for that Path under that relevant Daily Nomination Notice.
iii. A negative Cumulative Imbalance will occur in respect of a Path under the relevant Daily Nomination Notice if, during the relevant period, the quantity of Regasified LNG delivered at the relevant Delivery Points is more than the quantity of Regasified LNG received at the Custody Transfer Point for that Path under that Daily Nomination Notice.