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Common use of Imbalances Clause in Contracts

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.

Appears in 20 contracts

Samples: Transportation Contract, Transportation Contract, Transportation Contract

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Imbalances. The parties hereto recognize that with respect to Section 2.015.01, on any Dayday, 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.

Appears in 3 contracts

Samples: Firm Transportation Contract, Firm Transportation Contract, Firm Transportation Contract

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Imbalances. The parties hereto recognize that with respect to Section 2.012.01 (b) C, 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 Balancing Service at the relevant Receipt or Delivery Point where Shipper was to provide or take the gas, and shall be subject to the respective terms and charges contained therein, and shall be resolved in a timely manner.of the Balancing Service as per Section 2.01

Appears in 2 contracts

Samples: Interruptible Service Hub Contract, Interruptible Service Hub Contract

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