Imbalance Adjustments Sample Clauses

Imbalance Adjustments. The Purchase Price shall be further adjusted downward or upward, as appropriate, by an amount equal to: (i) any well imbalances in MMBtu with respect to the Acquired Assets existing as of the Effective Time; multiplied by the Per MMBtu Imbalance Amount; and (ii) any pipeline or transportation imbalances with respect to the Acquired Assets existing as of the Effective Time at the then current monthly price applicable to deliveries to the pipeline.
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Imbalance Adjustments. The Parties agree that the Base Purchase Price will be adjusted downward or upward, as appropriate, by an amount equal to (i) any well imbalances measured in MCF existing as of the Effective Time multiplied by the Per MCF Imbalance Amount, and (ii) any pipeline or transportation imbalances existing as of the Effective Time at the then current contract amount applicable to under-deliveries or over-deliveries to the pipeline.
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Imbalance Adjustments. At Closing, Buyer and Seller shall, based upon data available at that time, determine (i) the total amount of “overproduction” of gas as of the Effective Date with respect to the xxxxx and units listed on Schedule I (e.g. volumes of gas, measured in Mcf, taken from such xxxxx and units by the Seller and its predecessors in title to the Properties in excess of those volumes which the ownership of the Properties would entitle them to receive) and (ii) total amount of “underproduction” of gas as of the Effective Date with respect to xxxxx and units listed in Schedule I (e.g. the amount by which the volumes of gas, measured in Mcf, from such xxxxx and units which the ownership of the Properties by Seller and its predecessors in title thereto would entitle them to take exceeds the volumes taken from such xxxxx and units by Seller and such predecessors). If the total amount of overproduction (as so determined) exceeds the total amount of underproduction (as so determined) Buyer shall, as provided in Section 9.3 above, receive a credit against the Purchase Price equal to $3 per Mcf times such excess. If the total amount of underproduction (as so determined) exceeds the total amount of overproduction (as so determined), then, as provided in Section 9.3 above, the amount to be paid by Buyer to Seller at Closing shall be increased by an amount equal to $3 per Mcf times such excess. There shall be no adjustment for overproduction or underproduction if the net amount does not exceed a value of $25,000 based upon the $3 per Mcf valuation.
Sample 1
Imbalance Adjustments. Section 10.3 Operational Balancing Agreement Section 10.4 Determination of Deliveries Section 10.5 Cash-Out Section 11 System Operational Parameters Section 11.1 Monthly Operating Plan Section 11.2 Critical Operating Procedures Section 11.3 Operational Flow Orders Section 11.4 Corrective Action by Transporter Section 11.5 Force Majeure Section 11.6 Alterations and Repairs Section 12 Billing and Payment Section 13 Fuel and L&U Section 14 Penalties Section 15 Revenue Sharing Mechanism Section 16 Reservation Charge Credit Section 17 Annual Charge Adjustment Surcharge Section 18 Waivers Section 19 Descriptive Heading Section 20 Electronic Bulletin Board Section 21 Affiliate-Related Information Section 22 Peak Off-Peak Rates Section 23 Docket No. RP16-1022 Settlement Provisions Section 24 Taxes Section 25 Indemnification/Liability Section 26 Complaint Procedures Section 27 Warranty Section 28 Operational Purchases and Sales Section 29 Curtailment (NGA Policy of 1978) Section 30 Specified Delivery Points Section 31 Electric Power Costs (EPC) Section 32 Compliance with 18 CFR, Section 284.12 Section 33 Miscellaneous Surcharges
Sample 1
Imbalance Adjustments. If there exists any overproduction or underproduction with respect to the Xxxxx as of the Effective Date and either Buyer or Seller gives the other Party written notice of such fact prior to the Defect Deadline, a determination shall be made pursuant to Section 11.2 prior to Closing of (a) the actual amount of overproduction and (b) the actual amount of underproduction. If there is an actual amount of overproduction, then the Purchase Price shall be decreased by an amount equal to the actual contract price or the price Seller would otherwise receive as of the Effective Date for each Mcf of the excess. In addition, if there is an actual amount of underproduction, the Purchase Price shall be increased by an amount equal to the actual contract price or the price Seller would otherwise receive as of the Effective Date for each Mcf of the excess.
Sample 1
Imbalance Adjustments. Sellers and Buyer agree that the Purchase Price will be adjusted downward or upward, as appropriate, by an amount equal to any wellhead production imbalances in MCF, existing as of the Effective Time, multiplied by $[4.00] per MCF. Sellers will retain all pipeline and transportation imbalances attributable to pipeline shipments of Hydrocarbons produced from the Assets during Sellers’ period of ownership prior to the Effective Time as provided in Section 15.2(a)(v).
Sample 1
Imbalance Adjustments. At Closing, Buyer and Seller shall, based --------------------- upon data available at that time, determine (i) the total amount of "overproduction" of gas as of the Effective Date with respect to the xxxxx and units listed on Exhibit B (e.g. volumes of gas, measured in mcf, taken from such xxxxx and units by the Seller and its predecessors in title to the Properties in excess of those volumes, measured in mcf, which the ownership of the Properties would entitle them to receive) and (ii) total amount of "underproduction" of gas as of the Effective Date with respect to xxxxx and units listed in Exhibit B (e.g. the amount by which the volumes of gas, measured in mcf, from such xxxxx and units which the ownership of the Properties by Seller and its predecessors in title thereto entitle them to take exceeds the volumes, measured in mcf, taken from such xxxxx by Seller and such predecessors). If the total amount of overproduction (as so determined) exceeds the total amount of underproduction (as so determined), then Buyer shall, as provided in Section 11 above, receive a credit against the Purchase Price equal to $1.50 times such excess. If the total amount of underproduction (as so determined) exceeds the total amount of overproduction (as so determined), then, as provided in Section 11 above, the amount to be paid by Buyer to Seller at Closing shall be increased by an amount equal to $1.50 times such excess.
Sample 1
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Imbalance Adjustments. The First Closing Base Purchase Price shall be further adjusted downward or upward, as appropriate, by an amount equal to: (A) any well imbalances in Mcf with respect to the First Closing Assets existing as of the Effective Time; multiplied by (B) $2.50 per Mcf.
Sample 1
Imbalance Adjustments. The Second Closing Base Purchase Price shall be further adjusted downward or upward, as appropriate, by an amount equal to: (A) any well imbalances in Mcf with respect to the Second Closing Assets existing as of the Effective Time; multiplied by (B) $2.50 per Mcf.
Sample 1

Related to Imbalance Adjustments

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Price Adjustments 17.1 Prices for Goods/Services supplied in terms of this Agreement shall be subject to review as indicated in the Schedule of Requirements/Works Order annexed hereto.

  • Royalty Adjustments The following adjustments will be made, on a Product-by-Product and country-by-country basis, to the royalties payable pursuant to Section 3.5.1:

  • Base Price Adjustments The base aircraft price (pursuant to Article 3 of the Agreement) of the Option Aircraft will be adjusted to Boeing's and the engine manufacturer's then-current prices as of the date of execution of the Option Aircraft Supplemental Agreement.

  • Equitable Adjustments (1) If the Contracting Officer confirms that Government conduct effected a change as alleged by the Contractor, and the conduct causes an increase or decrease in the Contractor's cost of, or the time required for, performance of any part of the work under this contract, whether changed or not changed by such conduct, an equitable adjustment shall be made--

  • Tax Adjustments The Company may make such reductions in the Purchase Price, in addition to those required by Sections 3, 4, 5, 6, 7 and 8, as the Board of Directors considers to be advisable to avoid or diminish any income tax to holders of Common Stock or rights to purchase Common Stock resulting from any dividend or distribution of stock (or rights to acquire stock) or from any event treated as such for income tax purposes.

  • Fee Adjustments The fixed fees and other fees expressed as stated dollar amounts in this Schedule C and in this Agreement are subject to annual increases, commencing on the one-year anniversary date of the date of this Agreement, in an amount equal to the percentage increase in consumer prices for services as measured by the United States Consumer Price Index entitled “All Services Less Rent of Shelter,” or a similar index should such index no longer be published, since such one-year anniversary or since the date of the last fee increase, as applicable. SCHEDULE D SPECIAL DISTRIBUTION SERVICES AND FEES Services Fees

  • Pricing Adjustments a. In the event an adjustment is made to the computation of the net asset value of Fund shares as reported to Insurance Company under paragraph 7, (1) the correction will be handled in a manner consistent with SEC guidelines and the Investment Company Act of 1940, as amended and (2) the Funds or Transfer Agent shall notify Insurance Company as soon as practicable after discovering the need for any such adjustment. Notification may be made in the following manner: Method of Communication

  • Closing Adjustments To the extent that any prorations, adjustments or other amounts with respect to the Contributed Entity or the Property shall be payable by or to the Contributors at or following each Closing in accordance with the provisions of the Master Agreement, the amount of the purchase consideration determined pursuant to Section 1.2(a) shall be adjusted accordingly, it being acknowledged and agreed by each Contributor that from and after the date hereof, (i) the Contributed Entity shall not declare, pay or otherwise make provision for any dividends or distributions and (ii) immediately prior to the Closing, in addition to any prorations, adjustments or other amounts payable by or to the Contributors with respect to the Contributed Entity or the Property, the Contributed Entity shall distribute to each Contributor receiving Securities an amount equal to the amount such Contributor would have been paid as a distribution on account of the Securities it will receive at Closing had such Securities been issued and sold to such Contributor at the Initial Closing.

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