Imbalance Gas Sample Clauses

Imbalance Gas. As defined in Section 11.4(a) of this Agreement.
Sample 1
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Imbalance Gas. Shipper intends for the Quantity of Gas actually delivered at each Delivery Point to equal the Scheduled Nominations for each such Delivery Point and will use reasonable efforts to nominate Gas in such manner. Shipper will use its best efforts to base Scheduled Nominations on the forecasted quantity of Shipper’s Gas less any deductions provided for herein. Any difference between the actual physical flow of Gas at the Delivery Points and the Scheduled Nominations shall be deemed “Imbalance Gas” at such Delivery Point. In that regard, Gatherer shall provide Shipper (i) a Daily balancing statement and (ii) a Monthly balancing statement by the tenth (10th) Day of each Month of the difference, if any, between the Quantity of Gas nominated by Shipper at each Delivery Point during the immediately preceding Month and the Quantity of Shipper’s Gas allocated at each Delivery Point during such Month. Such difference, positive or negative, shall be deemed the Imbalance Gas with positive amounts being the Quantity of Gas due Shipper and negative amounts being the Quantity due Gatherer. The Imbalance Gas shall be eliminated over time through the nomination and delivery process by Shipper nominating less Gas than is actually delivered if the Imbalance Gas account is negative and by Shipper nominating more Gas than is actually delivered if the Imbalance Gas account is positive.
Sample 1

Related to Imbalance Gas

  • 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 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.

  • Delivery Point The delivery point is the point of delivery of the Power Product to the CAISO Controlled Grid (the “Delivery Point”). Seller shall provide and convey to Buyer the Power Product from the Generating Facility at the Delivery Point. Title to and risk of loss related to the Power Product transfer from Seller to Buyer at the Delivery Point.

  • Gas If Customer has selected a Gas Fixed Rate, Customer’s Price will be based on the Fixed Rate(s), plus the Administration Charge, set forth in the Application, which includes RITERATE ENERGY’s compressor fuel and transportation charges, administrative and transaction costs and the Gas Balancing Amount and any Regulatory Charges (defined below).

  • Delivery Points ‌ Project water made available to the Agency pursuant to Article 6 shall be delivered to the Agency by the State at the delivery structures established in accordance with Article 10.

  • Natural Gas 21.1 Subject to Article 21.2, the Indian domestic market shall have the first call on the utilisation of Natural Gas discovered and produced from the Contract Area. Accordingly, any proposal by the Contractor relating to Discovery and production of Natural Gas from the Contract Area shall be made in the context of the Government's policy for the utilisation of Natural Gas and shall take into account the objectives of the Government to develop its resources in the most efficient manner and to promote conservation measures. 21.2 The Contractor shall have the right to use Natural Gas produced from the Contract Area for the purpose of Petroleum Operations including reinjection for pressure maintenance in Oil Fields, gas lifting and captive power generation required for Petroleum Operations. 21.3 For the purpose of sales in the domestic market pursuant to this Article 21, the Contractor shall have freedom to market the Gas and sell its entitlement.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Pipelines Developer shall have no interest in the pipeline gathering system, which gathering system shall remain the sole property of Operator or its Affiliates and shall be maintained at their sole cost and expense.

  • Balancing Full load hours for combined assignments other than those specified above shall be determined by the following formula: Hours of assignment, Type 1 + Hours of assignment, Type 2 + Hours of assignment, Type 3 = 1 Full load for assignment Full load for assignment Full load for assignment Type 1 Type 2 Type 3 Underload shall be balanced within the following three (3) regular semesters if possible. The faculty member may, at the member’s option, use load from summer sessions to balance an underload. To balance the underload, a unit member may be assigned to no more than two colleges, unless the unit member agrees to other arrangements. The maximum required assignment shall be 1.25 FTE per semester until the underload is eliminated.

  • Environmental Attributes Seller acknowledges and agrees that any Environmental Attribute associated with or related to the Product will not be sold or otherwise made available to a third party but will be sold to Buyer pursuant to this Agreement. For the avoidance of doubt, the Product sold hereunder must meet the definition of “renewable energy credit” under the IPA Act.

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