Common use of Gas True-up Clause in Contracts

Gas True-up. During the Delivery Term, in addition to the provisions in Section 3.3(e), Seller shall compensate Buyer, or Buyer shall compensate Seller, on a monthly basis, based on a Daily Imbalance Amount for each individual day of the calendar month as follows, with an example of the Gas True-up shown in Appendix VI. Daily Imbalance Amount = Daily Actual Gas - Daily Qualified Gas - Additional Gas where:

Appears in 2 contracts

Samples: Tolling Power Purchase Agreement, Tolling Power Purchase Agreement

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Gas True-up. During the Delivery Services Term, in addition to the provisions in Section 3.3(e) (“Additional Gas”), Seller shall compensate Buyer, or Buyer shall compensate Seller, on a monthly basis, based on a Daily Imbalance Amount for each individual day of the calendar month as follows, with an example of the Gas True-up shown in Appendix VIXII. Daily Imbalance Amount = Daily Actual Gas - Daily Qualified Gas - Additional Gas whereWhere:

Appears in 2 contracts

Samples: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement

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