Daily Balancing Sample Clauses

Daily Balancing. The Company will provide and charge the Supplier for balancing service, which will be used to manage differences between the Company’s required daily Supplier delivery and the actual customer’s consumption. There will be an annual election each year for Suppliers whose Pool MDQ is greater than or equal to 1,000 Dth/day and less than 6,000 Dth/day to elect, on or before January 15th each year, either Rider FBS (Firm Balancing Service), Sheet No. 75 or Rider EFBS (Enhanced Firm Balancing Service), Sheet No. 74, to be effective on April 1st each year. With the exeption of Supplier Pools for process-only load, comprised entirely of customers whose loads are not weather dependent, Suppliers whose Pool MDQ is greater than or equal to 6,000 Dth/day shall receive service under Rider EFBS. A Supplier that receives service under Rider EFBS will be billed rates as set forth in Rider EFBS, Sheet No.
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Daily Balancing. Each Day Shipper shall cause the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) to equal as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink. Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) is insufficient to support Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly increase its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink. Whenever the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) exceeds Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink, Shipper shall promptly reduce its Daily delivery such that the number of Dth of Shipper’s Gas being delivered at the Receipt Point(s) equals as closely as practicable Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink. If Shipper does not promptly reduce its Daily delivery, LMM may cause such reduction in Shipper’s Daily delivery at whichever Receipt Point(s) LMM deems appropriate. Notwithstanding the foregoing, Shipper may request in writing the right to create a Daily Imbalance when necessary to counteract a prior Daily Imbalance. Whether such request will be granted is within the sole discretion of LMM.
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Daily Balancing. Each Day Shipper shall cause the number of MMBtus of Gas being delivered at the Receipt Point(s) to equal as closely as practicable Shipper’s Scheduled Nomination(s) plus Fuel. Whenever the number of MMBtus of Gas being delivered at the Receipt Point(s) is insufficient to support Shipper’s Scheduled Nomination(s) plus Fuel, Shipper shall promptly decrease its daily Scheduled Nomination. Whenever the number of MMBtus of Gas being delivered at the Receipt Point(s) exceeds Shipper’s Scheduled Nomination(s) plus Fuel, Shipper shall promptly increase Scheduled Nominations. If Shipper does not adjust such nomination, Gatherer may, in its sole discretion, decline such nomination if necessary to balance Shipper. Notwithstanding the foregoing, Shipper may request the right to create a daily imbalance when necessary to counteract a prior daily imbalance. Whether such request will be granted is within the sole discretion of Gatherer. Notwithstanding anything to the contrary herein, Shipper will not be required to reduce the Scheduled Nomination below the number of MMBtu’s of Gas received by Gatherer less Fuel or increase the Scheduled Nomination above the number of MMBtu received by Gatherer less Fuel.
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Daily Balancing. 1. The gas day is the balancing period for all quantities. The balancing group manager is obliged to provide an even balance for each balancing period. 2. The market area manager bills the difference between entry and exit gas quantities ac- counted for during the balancing period as balancing energy at the close of the balanc- ing period. The market area manager charges or pays balancing energy charges for this in accordance with Article 22. 3. In addition to the daily balancing system, an hourly incentive system, in which all physi- cal and virtual entry and exit points are accounted for on an hourly basis, is applied as per Article 24. 4. For balancing purposes gas quantities are derived from the following data: a) Nominated quantities are generally contributed to the balance for the following points:  Entry and exit points on market area borders  Entry and exit points at cross-border interconnection points  Entry points from domestic production plants  Virtual entry and exit points (VTP)  Entry and exit points at storage facilities For these points the principle of "allocated as nominated" applies to all shippers and balancing group managers if these points are operated by the network operators based on the shipper’s nominations. If the point is operated by the shippers them- selves, the quantities are determined for based on metering values. b) For all RLM exit points, exclusively measured quantities ("actual offtake quantities") are contributed to the balance. c) Standard load profiles are contributed to the balance for all exit points for which the network operator is obliged to develop and assign standard load profiles ("SLP exit points") as per Article 24 Gas Network Access Ordinance (GasNZV). For balancing purposes the daily quantities of standard load profiles at SLP exit points are deter- mined as outlined below:  With the synthetic load profiling method, the daily load profile quantity is relevant, calculated on the previous day by applying the temperature projected.  A 48-hour time lag applies in determining balancing group quantities using the analytical load profiling method: The allocation on day D corresponds to the load profile’s exit quantity of the day before last (D2) determined by applying the actual temperature of the day before last (D2). The market area manager is entitled and required to apply its own SLP if the exit network operator has not provided any SLP. The market area manager must notify the balancing group manager ...
Sample 1
Daily Balancing. 2.7.1 Estimated operating quantities flowing at the Interconnection Point shall be used during any current period to determine the estimated Operational Imbalance at such Interconnection Point, with physical flow adjustments to be made during that current period to minimize the Operational Imbalance. Interconnector and SoCalGas shall cooperate in order to minimize the daily over- and under-deliveries. In this regard, Interconnector’s and SoCalGas’ Gas control and scheduling personnel shall be in contact each day in order to balance daily delivered quantities of Gas with Scheduled Quantities of Gas. For the purpose of this Agreement, delivery or receipt of any Gas to resolve an Operational Imbalance is not subject to transportation charges by either Party. 2.7.2 The actual measured quantity of Gas at the Interconnection Point each month shall be determined and communicated by SoCalGas by facsimile, electronic interface system, or in writing to Interconnector in accordance with NAESB Standard 2.
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Daily Balancing. 1. The balancing period for all quantity is the gas day. The balancing group manager shall ensure that there is balanced accounting during this balancing period. 2. The difference in gas quantity between the balance-relevant entry and exit quantities of gas during the balancing period will be invoiced by Aequamus as compensation en- ergy at the end of the balancing period. For this, Aequamus pays or receives compen- sation energy fees in accordance with Section 8. 3. In addition to the daily balancing system, there is also an hourly incentive system pur- suant to Section 10 by which all physical and virtual entry and exit points are analysed on an hourly basis. 4. Gas quantities relevant for balancing are derived from the following data: a. Nominated quantities are normally considered as allocated quantities in the ac- counting for the following points:  Entry and exit points on the border between market areas,  Entry and exit points at border connection points,  Entry points from domestic production facilities,  Virtual entry and exit points,  Entry and exit points at storage facilities. For these points, the principle "allocated as nominated" applies to all shippers and balancing group managers, provided these points are managed by the net- work operators on the basis of nominations by the shippers. If management is carried out by the shipper, metered data shall be relevant for accounting. b. Only metered data (actual offtake) shall be relevant for balancing for consump- tion metered (RLM) exit points. c. Standard load profiles shall be relevant for balancing for all exit points for which network operators are required to develop and apply standard load profiles ("SLP exit points") pursuant to Section 29 Gas Network Access Ordinance (GasNZV). The daily quantities of standard load profiles are relevant for balanc- ing for SLP exit points in accordance with the following system:  For a synthetic standard load profile system, the daily quantity of the load profile resulting from the calculation based on the temperature forecast for the preceding day is relevant.  For the determination of the quantity relevant for balancing in analytic standard load profile systems, there is a time-lag of 48 hours: For day D (the day of delivery), the exit quantity of the standard load profile on the day preceding the previous day (D-2) which is based on the actual tem- perature of the day preceding the previous day (D-2) is relevant for balanc- ing purposes. Aequamus...
Sample 1
Daily Balancing. Each day Shipper shall cause the number of MMBtus of Gas being delivered at the Receipt Points to equal as closely as practicable Shipper’s Scheduled Nominations plus FLU. Whenever the number of MMBtus of Gas being delivered at the Receipt Points is insufficient to support Shipper’s Scheduled Nominations plus FLU, Shipper shall promptly decrease its daily Scheduled Nomination. Whenever the number of MMBtus of Gas being delivered at the Receipt Points exceeds Shipper’s Scheduled Nominations plus FLU, Shipper shall promptly increase Scheduled Nominations. If Shipper does not adjust such nomination, Gatherer may in its sole discretion, decline such nomination and/or shut-in production if necessary to balance Shipper. Notwithstanding the foregoing, Shipper may request the right to create a daily imbalance when necessary to counteract a prior daily imbalance. Whether such request will be granted is within the sole discretion of Gatherer.
Sample 1
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Daily Balancing. Customers are provided a daily operating window under which the customer’s daily imbalance must be within plus or minus twenty-five percent (±25%) of transportation quantities scheduled for burn on that gas day, or 35,000 therms in Southern Nevada and 18,500 therms in Northern Nevada, whichever is greater. The daily imbalance is defined as the difference between the customer’s daily transportation quantities scheduled for burn and the customer’s daily metered quantity, including the effect of any adjustment for cycle billing. The daily operating window is subject to adjustment depending on upstream pipeline conditions, as well as operation pressures and flow rates on the Company’s system pursuant to Section 6.9.c. herein. November 10, 2009 November 1, 2009 WPD-6 Tariffs Page 2699 of 3291 WPD-6 Tariffs Page 2700 of 3291 WPD-6 Tariffs Page 2701 of 3291 Tariffs Page 2702 of 3291 Tariffs Page 2703 of 3291 Original 72 SCHEDULE NO. ST-1/NT-1 TRANSPORTATION OF CUSTOMER-SECURED NATURAL GAS
Sample 1
Daily Balancing. Each Day Shipper shall cause the number of MMBtu’s of Shipper’s Gas being delivered at the Receipt Points to equal as closely as practicable to Shipper’s Scheduled Nominations. Each Day Gatherer shall cause the number of MMBtus of Shipper’s Gas being delivered at the Delivery Points to Interconnecting Pipelines to equal as closely as practicable Shipper’s Gas received by Gatherer at the Receipt Points, *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. after subtracting FL&U. Whenever the Number of MMBtus of Shipper’s Gas being delivered at the Receipt Points exceeds Shipper’s estimated Actual Allocated Gas delivered at the Delivery Points plus FL&U, Gatherer shall promptly increase amount of Gas delivered to an Interconnecting Pipeline on Shipper’s behalf. In the event that Shipper’s Gas received by Gatherer at the Receipt Points, after subtracting FL&U equals or exceeds Shipper’s nominated quantities of Gas on Interconnecting Pipelines and the Gatherer does not deliver any or all of Shipper’s Gas to the Interconnecting Pipeline on Shipper’s behalf, and the Interconnecting Pipeline reduces Shipper’s nominated quantity of Gas at the Delivery Point, Gatherer shall waive the applicable Gathering Fee with respect to the total quantity of Shipper’s Gas received by Gatherer but not delivered to the Interconnecting Pipeline specified by Shipper.
Sample 1

Related to Daily Balancing

  • Daily Balance For each day a DPR is in effect, we figure the daily balance by: ● taking the beginning balance for the day, ● adding any new charges, ● subtracting any payments or credits; and ● making any appropriate adjustments. We add a new charge to a daily balance as of its transaction date. For the first day of a billing period, the beginning balance is the ending balance for the prior billing period, including unpaid interest. For the rest of the billing period, the beginning balance is the previous day's daily balance plus an amount of interest equal to the previous day's daily balance multiplied by the DPR for that balance. This method of figuring the beginning balance results in daily compounding of interest.

  • Unused Fees For each day during the term hereof that the Applicable Rate is determined pursuant to clause (a) of the definition of Applicable Rate, the Borrower shall pay a fee to the Administrative Agent for the pro rata benefit of the Lenders in an amount equal to the Unused Fee for such day. The Unused Fee shall be payable quarterly in arrears on the first Business Day of each calendar quarter and as of the Revolving Maturity Date.

  • Unused Line Fee On the first day of each month during the term of this Agreement, an unused line fee in an amount equal to 0.375% per annum times the result of (i) the Maximum Revolver Amount, less (ii) the sum of (A) the average Daily Balance of Advances that were outstanding during the immediately preceding month, plus (B) the average Daily Balance of the Letter of Credit Usage during the immediately preceding month,

  • Servicing Fee Rate The rate used to calculate the Servicing Fee is equal to such rate as is set forth on the Mortgage Loan Schedule with respect to a Mortgage Loan.

  • Unused Fee From and after the Closing Date, and during such times in which the Borrower does not have two (2) Investment Grade Ratings (and clause (a) of the definition of “Applicable Percentage” shall be applicable), the Borrower agrees to pay the Administrative Agent for the ratable benefit of the Lenders an unused fee (the “Unused Fee”) for each calendar quarter (or portion thereof) in an amount equal to (a) 0.35% (or 0.50% to the extent that as of the beginning of any day, the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) is less than 50% of the Aggregate Revolving Commitments), multiplied by (b) the amount by which the Aggregate Revolving Commitments exceed the sum of the Outstanding Amount of Revolving Obligations (excluding the amount of any then-outstanding Swing Line Loans) as of the beginning of such day. To the extent applicable, the Unused Fee shall accrue at all times during the Commitment Period (and thereafter so long as Revolving Obligations shall remain outstanding), including periods during which the conditions to Extensions of Credit in Section 4.02 may not be met, and shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Termination Date (and, if applicable, thereafter on demand); provided, that, pursuant to Section 2.15(a)(iii), (i) no Unused Fee shall accrue on the Commitment of a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (ii) any Unused Fee accrued with respect to the Commitment of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender. The Administrative Agent shall distribute the Unused Fee to the Lenders pro rata in accordance with the respective Revolving Commitments of the Lenders.

  • Daily 1. Name and address changes 2. Name and address additions and deletions 3. Transaction Register a. Purchases b. Redemptions c. Transfer and adjustments 4. Cash reconciliation - Cash received for day 5. Check reconciliation - checks issued for day 6. Transaction reconciliation a. Amount received b. Total shares purchased c. Number of purchase transactions d. Dollar amount redeemed e. Shares redeemed f. Number of accounts redeeming g. Checks issued for redemptions

  • Non-Usage Fee The Borrower shall pay to the Bank a non-usage fee on the average daily unused portion of Facility A at a rate of 0.25% per annum, payable in arrears within fifteen (15) days of the end of each calendar quarter for which the fee is owing.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and

  • Unused Facility Fee A quarterly Unused Facility Fee equal to one quarter of one percent (0.25%) per annum of the difference between the Revolving Line and the average outstanding principal balance of Advances during the applicable quarter, which fee shall be payable within five (5) days of the last day of each such quarter and shall be nonrefundable; and

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

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