Loss Allowance. Because the Authority’s charges for power and energy established by its rate schedules are applicable at the Authority’s Niagara Switchyard, replacement power customers must pay for the replacement power and energy actually measured at their meters and the replacement power and energy lost in the process of delivery from the Authority’s switchyard. Except where adjustment for losses is specifically provided for, the billing arrangements herein accomplish this result without the application of any separate allowance for losses. Where adjustment of any contract demand for losses is provided for, the loss allowance for Niagara Mohawk’s system, exclusive of the marginal losses on the Bulk Power System as calculated by the NYISO or any successor thereto, shall be multiplied by the quantity “one minus the loss allowance established herein”. Such loss allowance was initially established as 0.5% (.005) of the amounts transmitted from the Niagara Switchyard, and this loss rate remains in effect under this Agreement. Such loss adjustments shall be in addition to the marginal losses established in the NYISO OATT and paid by the Authority under Special Provision I of this Exhibit B.
Loss Allowance. Operators will be responsible for any normal handling losses in excess of one quarter of one percent (0.25%) of all Product received into the Terminal, the basis being the difference between truck receipt meter tickets NSV figures and Terminal pipeline meter ticket NSV figures. Losses and/or gains shall be calculated, valued and reported on a monthly basis, and summation reported on a calendar year basis. Settlements for losses and gains will be made promptly after the end of each calendar year or as of the termination of this Agreement, whichever occurs first. Operators, at their option, shall either replace or pay for all normal handling Product losses or gains in excess of the Loss Allowance. The price per barrel of such Product shall be the NYMEX CMA daily average settle quoted price for “Light Sweet Crude Oil” (excluding weekends and US holidays). For purposes of clarity, the price calculation will be based on the NYMEX prices for the month in which the losses and/or gains occurred.
Loss Allowance. A deduction will be made to each monthly invoice to cover the actual crude losses occurring due to evaporation, interface, losses, and other normal losses during transportation for the period covered by the applicable invoice.
Loss Allowance. Due to normal operating losses which occur in receiving propane for storage, storing such propane and redelivering propane out of storage, Suburban’s Loss Allowance shall equal the percent of the propane delivered to Plains hereunder as is specified in Exhibit “A”.
Loss Allowance. Due to normal operating losses which occur in receiving Products for storage, storing such Products and redelivering Products out of storage, CUSTOMER'S withdrawals from storage shall be limited to the percent of the Products delivered to LESSOR hereunder specified in Exhibit "A".
Loss Allowance. For each type of Packaged Product, the parties will mutually agree by […***…] on […***…] allowance for the […***…] for Bulk Product and other Client-supplied Materials that are not converted to Packaged Product (“Loss Allowance”). The initial Loss Allowance for each product shall be established after the first […***…] packaging lots following the validation campaign, instructed by data from such packaging lots. If the parties do not agree, PCI will propose a commercially reasonable Loss Allowance. If Client does not agree with such proposal, the Loss Allowance will be determined in accordance with the provisions of Section 18.10 below. The Loss Allowance shall be adjusted in the event of any changes to the Specifications, including without limitation any changes to the Bulk Product.
Loss Allowance. Pipeline 0.5% per the Xxxxx Pipeline Company meter reading Truck 2% per the storage receipt ticket
Loss Allowance. Provider shall have no obligation to measure volume gains and losses at any Facility. In the event third-party Crude Oil is stored at a Facility, the Parties shall mutually determine the measurement and volume loss control practices for such Facility. Provider shall be responsible to Customer only for Crude Oil losses and/or shortages resulting from the negligent or wrongful acts and omissions of Provider, its agents, employees or contractors or breach of this Agreement or any applicable Service Order by Provider, its agents, employees or contractors; provided that Provider shall not be responsible to Customer for any Crude Oil losses and/or shortages for which Customer is compensated by its cargo/inventory insurance carrier. If Customer fails to maintain cargo/inventory insurance coverage, then Provider shall also not be responsible to Customer for any Crude Oil losses and/or shortages to the extent Customer would have been compensated by its insurance carrier had Customer maintained a customary level of cargo/inventory insurance coverage. Except as provided for in this Section 4.2, Customer shall be responsible for all Crude Oil losses and/or shortages it may suffer.
Loss Allowance. Terminal Company will only be liable for any unidentified loss of Customer’s Product in excess of one-quarter of one percent (0.25%) of Customer’s Product delivered to the Terminal during a calendar year (collectively, the “Loss Allowance”); and the Loss Allowance will be construed to limit the Terminal Company’s liability for the actual loss of any of Customer’s Product constituting unidentified loss of Customer’s Product (“Product Loss”) and not to authorize Terminal Company to take Customer’s Product for Terminal Company’s benefit or for the benefit of others. Terminal Company will reconcile Product Loss and Customer’s Product gains at the end of each calendar year. All gains of Customer’s Product delivered to the Terminal shall belong to Customer; provided, however, any gains of Customer’s Product during a calendar year shall be offset against losses of Customer’s Product during the same calendar year.
Loss Allowance. For each type of Packaged Product, the parties will mutually determine an annual allowance for Bulk Product and other Zavante-Supplied Materials that are not converted to Packaged Product (“Loss Allowance”). The Loss Allowance shall be adjusted in the event of any changes to the Specifications, including without limitation any changes to the Bulk Product.
