Common use of Establishment of the Operational Balancing Account Clause in Contracts

Establishment of the Operational Balancing Account. The Parties agree to the establishment and operation of an Operational Balancing Account at the Entry Point. For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to Xxxxxxx's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.

Establishment of the Operational Balancing Account. The Parties agree to the establishment and operation of an Operational Balancing Account at the Entry Interconnection Point. For so long as the OBA Balance is less than Max OBAXxx XXX, the Allocated Quantities will be equal to that Xxxxxxx's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.

Establishment of the Operational Balancing Account. The Parties agree to the establishment and operation of an Operational Balancing Account at the Entry Interconnection Point. For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to Xxxxxxxthat Shipper's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.