Common use of Daily Balancing Clause in Contracts

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.

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. 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. Gatherer Notwithstanding anything to the contrary herein, Shipper will not be required to reduce the Scheduled Nomination below the number of MMBtu’s MMBtus of Gas received by Gatherer less Fuel or increase the Scheduled Nomination above the number of MMBtu MMBTU’s received by Gatherer less Fuel.