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 To the actual knowledge of Seller, except as set forth on Schedule 13.4, as of the Execution Date, there are no gas or other Hydrocarbon production imbalances existing as of the Effective Time with respect to any of the Assets.

  • 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 Once Manufacture of the Products has been completed, Contractor shall be responsible for delivering the Finished Goods FCA, (as defined in Incoterms (2000) published by the International Chamber of Commerce) and to a freight forwarder specified by Company in its Order, or otherwise approved by Company. “Delivery Point” as used in this Agreement shall mean the specific time and location that the Product is delivered to the shipper specified on the Order.

  • Delivery Points The measurement of and tests for quality of Shipper's Gas redelivered at the Delivery Points shall be governed by and determined in accordance with the requirements of the receiving pipeline at each Delivery Point.

  • Processing Adjustments In the event of any error or delay with respect to these Fund/SERV and Networking Procedures that is caused by the Fund or its designee, the Fund will make any adjustments on its (or its transfer agent’s) accounting system necessary to correct such error or delay. The Company will make the corresponding adjustments on its record-keeping system. The Company and the Fund will each provide the other with prompt notice of any errors or delays of the type referred to in these Fund/SERV and Networking Procedures.

  • Fuel Upon redelivery of the Aircraft to Lessor, an adjustment will be made in respect of fuel on board on the Previous Delivery Date and the Expiry Date at the price then prevailing at the Redelivery Location.

  • PRODUCER S DELIVERY AND IID ACCEPTANCE OF ENERGY FROM PLANT ----------------------------------------------------------- Whenever electric output from the Plant exceeds Producer's power requirements, Producer shall deliver all such excess output to IID for delivery to SCE and IID shall accept such output for delivery to SCE and deliver such output to SCE pursuant to a transmission service agreement to be entered into between Producer and IID.

  • Meter Reading At least once each Billing Period, the Servicer shall obtain usage measurements from the Applicable MDMA for each Consumer; provided, however, that the Servicer may estimate any Consumer’s usage determined in accordance with applicable CPUC Regulations and Servicer Policies and Practices; and, provided, further, that the Servicer may obtain usage measurements from the Applicable ESP for Consumers receiving services from such ESP if the respective ESP Service Agreement so provides.

  • Tax Attributes (i) Tax attributes with respect to, and the -------------- overpayment of, property taxes, sales and use taxes and franchise taxes which relate primarily to the Company Business and (ii) to the extent provided in the Tax Sharing Agreement, tax attributes with respect to, and the overpayment of, income and payroll taxes which relate to the Company Business or are otherwise allocated to the Company.

  • Unrelated Business Taxable Income No Employee Plan (or trust or other funding vehicle pursuant thereto) is subject to any tax under Code Section 511.

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