Gas Balancing Agreements Sample Clauses

Gas Balancing Agreements. Parent and Borrower will not, nor will Parent and/or Borrower permit any other Credit Party to, incur, become or remain liable for any Material Gas Imbalance.
Sample 1
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Gas Balancing Agreements. The Operator may enter into Agreements for the Provision of Balancing Services with Users or third parties for the supply and delivery to the NNGS or the sale and receipt from it of Natural Gas Quantities, within the framework of the carrying out of Balancing Actions by the Operator (Balancing Services Agreements). The Balancing Services Agreements are concluded following approval by the RAE of the Annual Gas Balancing Planning, either following a relevant tender conducted by the Operator, or according to the provision of paragraph [1] of Article 91 of the Law. The Balancing Services Agreements will mainly set out the following:
Sample 1
Gas Balancing Agreements. The Operator, within the framework of its responsibilities, according to the provisions of Article 68(2)(c) of the Law, may enter into agreements with Users or third parties for the supply and delivery to the NNGTS or the sale and receipt from it of Natural Gas Quantities, within the framework of the carrying out of Balancing Actions by the Operator (Gas Balancing Agreements). The Gas Balancing Agreements are entered following approval by RAE of the Annual Gas Balancing Planning, either following a relevant competition conducted by the Operator, or according to the provision of paragraph [1], Article 91 of the Law. The Gas Balancing Agreements specify particularly: (a) The rights and obligations of the contracting parties, (b) the obligation of the counter-parties of the Operator to adapt the Supply as per which they deliver or receive Natural Gas to and from the NNGTS, according to the Operator instructions, in the framework of Balancing Actions and (c) the price to be paid by the Operator or his counter- party, depending on the case, for the Quantity of Natural Gas received, according to the terms of the Agreement and within the framework of the Balancing Action. The Gas Balancing Agreements that relate to the supply and delivery of Natural Gas Quantities to the NNGTS, may provide the payment by the Operator to the counter-party of the unit price applied to the Natural Gas Quantity that is delivered to the NNGTS and which may be modified regularly during the Year, as well as a fixed price, payable once or at installments, which corresponds to the fixed expenses of the counter-party for the availability of natural gas for Balancing, according to the terms of the Agreement.
Sample 1
Gas Balancing Agreements. The interests of Assignor in the leasehold working interests in the Leases currently may be subject to gas balancing agreements that permit an owner of the leasehold working interest to store its proportionate share of Gas while the other owners are permitted to take gas that is greater than their proportionate share (a "Gas Balancing Arrangement"). Subject to the terms of this Section 4.4, Assignor shall have the right and power to commit its leasehold working interests in the Leases to future Gas Balancing Arrangements. The ORRI is and shall be bound by and subject to the terms of and provisions thereof. In the event that Assignor is or becomes an underproduced party under any present or future Gas Balancing Arrangement, the ORRI shall not be payable to Assignee with respect to any Gas attributable to the interest of Assignor that is deemed to be stored under the terms of such Gas Balancing Arrangement. In addition, in the event that Assignor becomes an overproduced party under any present or future Gas Balancing Arrangement, then the ORRI shall not be payable to Assignee with respect to any portion of the Gas taken by an underproduced party as "make-up" Gas that would otherwise be attributable to the interest of Assignor. The ORRI shall be payable with respect to any "make-up" Gas taken by Assignor as a result of its underproduction, any cash received by Assignor as a balancing of accounts either as an interim balancing or at the depletion of the reservoir, and any overproduction that Assignor receives as an underproduced party.
Sample 1
Gas Balancing Agreements. There are no gas balancing agreements or other agreements, relationships or arrangements of any type, whether written or oral, to which the interests of Borrower in the Leases and Hydrocarbons are subject, that would at any time prevent Borrower from producing and selling for its own account its share of Hydrocarbons or receiving payment at the full sales price for its share of Hydrocarbons as and when Hydrocarbons are produced and sold.
Sample 1
Gas Balancing Agreements. The Company is not party to any gas balancing agreements.
Sample 1

Related to Gas Balancing Agreements

  • Operating Agreements The Partnership has performed all of its obligations under each of the Operating Agreements and no fact or circumstance has occurred which, by itself or with the passage of time or the giving of notice or both, would constitute a material default under any of the Operating Agreements. The Partnership shall not enter into any new management agreement, maintenance or repair contract, supply contract, lease in which it is lessee or other agreements with respect to the Property, nor shall the Partnership enter into any agreements modifying the Operating Agreements, unless (a) any such agreement or modification will not bind the Acquiror or the Property after the date of Closing or (b) the Contributors have obtained the Acquiror's prior written consent to such agreement or modification, which consent shall not be unreasonably withheld or delayed.

  • Financing Agreements The School shall comply with Ch. 37D, HRS, relating to financing agreements. “Financing agreement” means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

  • Lower Tier Agreements The Performer shall include this Article, suitably modified to identify the Parties, in all subcontracts or lower tier agreements, regardless of tier, for experimental, developmental, or research work.

  • Existing Agreements The Executive represents to the Company that he is not subject or a party to any employment or consulting agreement, non-competition covenant or other agreement, covenant or understanding which might prohibit him from executing this Agreement or limit his ability to fulfill his responsibilities hereunder.

  • Collective Agreements There are no collective agreements affecting your terms and conditions of employment.

  • Distribution Agreements Subject to compliance with applicable provisions of the 1940 Act, the Board of Trustees may enter into a contract or contracts with one or more Persons to act as underwriters and/or placement agents whereby the Trust may either agree to sell Shares of the Trust, any Series or Class to the other party or parties to the contract or appoint such other party or parties its sales agent or agents for such Shares. In either case, the contract shall be on such terms and conditions as the Board of Trustees may in its discretion determine, not inconsistent with the provisions of this Section 5.12 or the By-laws; and such contract may also provide for the repurchase or sale of Shares of the Trust, any Series or Class by such other party as principal or as agent of the Trust and may provide that such other party may enter into selected dealer agreements with registered securities dealers and brokers and servicing and similar agreements with Persons who are not registered securities dealers to further the purposes of the distribution or repurchase of such Shares.

  • Closing Agreements Neither the Company nor any of its Subsidiaries will be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Effective Time as a result of any “closing agreement” described in Section 7121 of the Code (or any corresponding or similar provision of state, local or foreign Laws regarding Taxes) executed on or prior to the date of this Agreement.

  • SPECIAL AGREEMENTS The following special arrangements have been made: City, Date City, Date Seller's signature Buyer's signature

  • Parties to Lock-Up Agreements The Company has furnished to the Underwriters a letter agreement in the form attached hereto as Exhibit A (the “Lock-up Agreement”) from each of the persons listed on Exhibit B. Such Exhibit B lists under an appropriate caption the directors and executive officers of the Company. If any additional persons shall become directors or executive officers of the Company prior to the end of the Company Lock-up Period (as defined below), the Company shall cause each such person, prior to or contemporaneously with their appointment or election as a director or executive officer of the Company, to execute and deliver to the Representatives a Lock-up Agreement.

  • Financing Arrangements (a) The Owner will obtain the Project Loan which shall be sufficient, together with the Owner's equity contributions, to pay the full amount of the costs to construct the Project in accordance with the development budget. The Owner and the Developer also contemplate that the Property and the Project, together with all fixtures, furnishing, equipment, and articles of personal property now owned or hereafter acquired by the Owner which are or may be attached to or used in connection with the Property or the Project, together with any and all replacements thereto and substitutions therefor, and all proceeds thereof; and all present and future rents, issues, leases, and profits of the Property and the Project will serve as security for the payment obligations to any lenders relating to the Project Loan or otherwise, and that the Owner will be the principal obligor for the repayment of all financial obligations thereunder after the transfer of title to the Owner. The Owner therefore, agrees to execute and deliver all commitments, promissory notes, mortgages, collateral assignments, documents, certificates, affidavits, and other writings required to be executed by any lender in connection with such financing.

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