Energy Imbalance Sample Clauses

Energy Imbalance. ComEd shall hold Seller harmless from any energy imbalance charges that result from ComEd's dispatch orders under this Agreement.
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Energy Imbalance. Seller shall reimburse Buyer for any Hour in which, as a result of Seller’s delivery of an amount of energy less than the Requirements Portion (unless excused under this Agreement), Energy Imbalance Service charges are incurred by Buyer in accordance with an OATT. Buyer shall reimburse Seller for any Hour in which, as a result of Seller’s delivery of an amount of energy in excess of the Requirements Portion, Energy Imbalance Service compensation is provided to Buyer in accordance with an OATT.
Sample 1
Energy Imbalance. Company reserves the right to file rate schedules with the FERC concerning any services the Company deems necessary for reliable and orderly bulk power supply system management, including but not limited to, any standby or related services that may arise from a failure of Customer to meet its schedule of deliveries across facilities covered by this Agreement.
Sample 1
Energy Imbalance. 13 ---------------- 4.5 MEASUREMENT.......................................................13 ----------- 4.6 TITLE, RISK OF LOSS, INDEMNITY AND FINES..........................14 ---------------------------------------- 5. PAYMENTS............................................................15 5.1 CAPACITY, BUYER VARIABLE O&M COSTS AND BUYER STARTUP COST PAYMENTS15 ------------------------------------------------------------------ 5.2 AVAILABILITY REQUIREMENTS.........................................16 ------------------------- 6. REPRESENTATIONS AND WARRANTIES.....................................17 6.1
Sample 1
Energy Imbalance. If either Buyer or Seller becomes aware that actual hourly deliveries or receipts of Energy hereunder are greater or less than the hourly quantity of Scheduled Energy (any such discrepancy, an "Energy Imbalance"), the Party on notice shall immediately notify the other Party so that appropriate arrangements regarding the Energy Imbalance can be made with the ERCOT Independent System Operator. If actual deliveries of Energy are greater or less than the Scheduled Energy, the Parties shall work together to perform corrective action as soon as reasonably possible to eliminate (i) the then current Energy Imbalance and (ii) the cumulative Energy Imbalance. Seller shall pay all Energy Imbalance Charges resulting from Seller's failure to deliver Scheduled Energy for any hour in which Buyer has Scheduled Energy in accordance with Section 4. Seller shall not be responsible for any Energy Imbalance Charges due to a Force Majeure event. Buyer shall also pay all other Energy Imbalance Charges including Energy Imbalance Charges resulting from the failure of Buyer to provide Fuel as required hereunder, the failure by Buyer to schedule the transmission of Energy on the Connecting Utility in a manner that conforms to the Energy Scheduled hereunder, the failure of Buyer to receive Energy in a manner that conforms to the Energy Scheduled hereunder, the failure of any other Persons to take the Energy from Buyer in a manner that conforms to the Energy Scheduled by Buyer hereunder or the failure of Buyer or of any customer of Buyer to receive Energy from the Connecting Utility in a manner that conforms to the Energy Scheduled hereunder.
Sample 1
Energy Imbalance. For any hour during which there is Swap Energy ---------------- Imbalance or FE Energy Imbalance, DLC shall pay to the Supplier and the Supplier shall pay to DLC, in accordance with Section 3.4 of this Agreement, the following amounts as applicable:
Sample 1
Energy Imbalance. (a) For each Hour of the Term, Georgia Power shall calculate the Energy Imbalance as the difference between: (i) the Actual Hourly OPC Resources Utilization in the Hour, as measured at or adjusted to Xxxxx X-0, less (ii) OPC Total Load Requirements.
Sample 1
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Related to Energy Imbalance

  • Gas Imbalances As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

  • Imbalances The parties hereto recognize that with respect to Section 2.01, on any Day, receipts of gas by Union and deliveries of gas by Union may not always be exactly equal, but each party shall cooperate with the other in order to balance as nearly as possible the quantities transacted on a daily basis, and any imbalances arising shall be allocated to the Facilitating Agreements and shall be subject to the respective terms and charges contained therein, and shall be resolved in a timely manner.

  • Gas Imbalances, Prepayments As of the date hereof, except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require the Borrower or any of its Subsidiaries to deliver, in the aggregate, two percent (2%) or more of the monthly production from Hydrocarbons produced from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

  • STIPULATED LOSS VALUE If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.

  • Mechanical Adjustments The number of Warrant Shares purchasable upon the exercise of each Warrant and the Warrant Price shall be subject to adjustment as follows:

  • Fuel 28.1 The Vehicle must be returned with the amount of fuel equal to that at the time of the commencement of the rental. If the Vehicle is returned with less fuel, the difference will be charged to You at a rate of $5.00 including GST per litre (which includes a service component).

  • Notice of Sales of Oil and Gas Properties In the event the Borrower or any Subsidiary intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12, prior written notice of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender.

  • STORAGE TANKS AND SUMPS 3.1 Is any above or below ground storage of gasoline, diesel, petroleum, or other Hazardous Materials in tanks or sumps proposed in, on or about the Premises? Existing Tenants should describe any such actual or proposed activities. Yes [ ] No [ ] If yes, please explain:

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