Common use of Cumulative Imbalance Clause in Contracts

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.

Appears in 3 contracts

Samples: Gas Transportation Agreement, Gas Transportation Agreement, Gas Transportation Agreement

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Cumulative Imbalance. (a) The Service Providers Provider 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.

Appears in 2 contracts

Samples: Gas Transportation Agreement, Gas Transportation Agreement

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