Monthly Balancing Sample Clauses

Monthly Balancing. If the cumulative Imbalance reflected on the Monthly statement submitted to Shipper pursuant to Section 5.2 is greater than Shipper’s Scheduled Nomination(s) during the statement period, then Shipper shall Balance with LMM by reducing the Imbalance gas closely as practicable to zero (0) during the Month following the delivery of such statement (“Balancing Period”) in the manner described in (a) or (b) below. LMM shall advise Shipper of the number of Dth of Gas which must be nominated or nominated and produced by Shipper for each Day during the Balancing Period in order to Balance (“Daily Balance Gas”). Shipper shall not submit Daily nominations during the Balancing Period whose total exceeds the MDQ unless LMM otherwise consents in writing. Shipper’s nomination of Daily Balance Gas shall receive the highest priority of Shipper’s nominations.
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Monthly Balancing. At the end of each month, the cumulative imbalance shall be designated as “Cash Out Quantities” and reduced to zero volume by cash out. The cash out price will be the 100% cash out index price calculated pursuant to the respective Interconnecting Pipeline’s Pipeline Tariff on which the imbalance occurred, exclusive of any imbalance penalties. For avoidance of doubt, any and all penalties and other charges including charges resulting from Gatherer being cashed out at a price above or below the 100% cash out index price pursuant to the Pipeline Tariff from the Interconnecting Pipelines shall be incurred by Gatherer, and Shipper shall be held harmless from paying any such penalties or charges.
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Monthly Balancing. 4.1 The Parties intend that the Quantities of Gas actually delivered and received each Gas Day at the Interconnection Point will equal the confirmed nominations. Each Party will allocate the Quantities to be delivered and received at the Interconnection Point among the Shippers in accordance with the confirmed nominations. Any variance between actual Quantities and confirmed nomination Quantities at the Interconnection Point for any Gas Day shall be subject to .
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Monthly Balancing. Within twenty (20) working Days after the month of production, Gatherer shall provide Shipper with Shipper’s gathering Imbalance statement by facsimile or electronic mail to be followed by a hard copy by mail. Shipper shall be given an Imbalance tolerance equal to [***]% of actual Gas receipts, within which the cash out price will be [***]% of Average Market Index. The “Average Market Index” shall be the average gas daily index for CIG, Rocky Mountains as published in Gas Daily for the month the imbalance occurred minus an additional $[***]/MMBtu. Should Shipper’s Imbalance exceed zero, Gatherer shall bring Shipper’s Imbalance to zero by charging or crediting Shipper’s account, as applicable. Such charges or credits shall be made according to a percentage of the Average Market Index, applicable to the month in which the Imbalance occurred, as provided in the schedule below: Imbalance as a % of Gas at Receipt Points If deficient receipts If excess receipts less FLU Gatherer Charges Gatherer Credits [***] [***] % [***] % [***] [***] % [***] % [***] [***] % [***] % [***] [***] % [***] % In the event it is determined Shipper’s imbalance is the result of variances in estimated volume of FLU provided by Gatherer, such imbalance shall be cashed out at [***]% of the *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Average Market Index or such imbalance may be carried over to the following month and reduced caused by during such month through the cooperative efforts of both Parties.
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Monthly Balancing. Shipper and Gatherer will work cooperatively to reduce any cumulative imbalance reflected on the monthly balancing statement as close to zero (0) as practicable during the Accounting Period following the delivery of such statement (“Balancing Period”). Gatherer shall advise the Shipper of such adjustments required to Shipper’s nominations for each Day during the Balancing Period in order to balance (“Daily Balance Gas”). Gatherer shall advise Shipper of the number of MMBtus of Shipper’s Gas which must be nominated into Interconnecting Pipelines or nominated and produced by Shipper for each Day during the Balancing Period. If at any time Gatherer causes an imbalance due to delivering Shipper’s Gas to an Interconnecting Party not specified by Shipper or through mis-allocation of Gas among all shippers on the Gatherer’s System that exceeds [***]% in total volumes for that Accounting Period, then Gatherer shall waive the applicable Gathering Fee with respect to the total quantity of Shipper’s Gas received by Gatherer but not delivered to the Interconnecting Pipeline specified by Shipper.
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Monthly Balancing. (a) Shipper must maintain a monthly balance between receipts and deliveries within a +5% imbalance tolerance. QGM will notify Shipper of its monthly imbalance within 30 days of the applicable month.
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Related to Monthly Balancing

  • Monthly Base Rent On each Due Date, each Lessee shall pay to the Lessor the Monthly Base Rents that have accrued during the Related Month with respect to all Vehicles that were leased by such Lessee under this Operating Lease on any day during the Related Month;

  • Monthly Debt Service Payments Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on September 1, 2010, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance to principal.

  • Monthly Not later than the 20th calendar day (or, if such day is not a Business Day, on the next succeeding Business Day) of each calendar month (other than the calendar months in which a Payment Date occurs) and commencing in May 2020, the Issuer shall compile and make available (or cause to be compiled and made available) to the Rating Agency, the Trustee, the Collateral Manager, the Initial Purchaser and each other Holder shown on the Register and any beneficial owner of a Note who has delivered a Beneficial Ownership Certificate to the Trustee a monthly report on a settlement date basis (except as otherwise expressly provided in this Indenture) (each such report a “Monthly Report”). As used herein, the “Monthly Report Determination Date” with respect to any calendar month will be the 10th Business Day preceding the date the Monthly Report is made available. The Monthly Report for a calendar month shall contain the following information with respect to the Collateral Obligations and Eligible Investments included in the Assets, and shall be determined as of the close of business on the Monthly Report Determination Date for such calendar month:

  • Over-Allowance Amount The amount that is equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the TI Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the Cost Proposal Delivery Date that is not otherwise included within the Cost Proposal) shall be referred to herein as the "Over-Allowance Amount." Tenant shall pay to Landlord (a) one-half (1/2) of such Over-Allowance Amount no later than ten (10) days after the Cost Proposal Delivery Date and (b) the other one-half (1/2) of such Over-Allowance Amount within ten (10) days after Landlord gives Tenant written notice that the construction of the Tenant Improvements is completed. The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any then remaining portion of the TI Allowance, and such disbursement shall be pursuant to the same procedure as the TI Allowance. In the event that after the Cost Proposal Delivery Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Tenant Improvements, any additional costs which arise in connection with such revisions, changes or substitutions shall be paid by Tenant to Landlord as an addition to the Over-Allowance Amount as follows: (1) one-half (1/2) of such additional amount within five (5) days after Landlord's invoice therefor and (2) the remaining one-half (1/2) of such additional amount within five (5) days following Tenant's receipt of Landlord's written notice that the work to which the change order applies is complete. In addition, upon Landlord's determination of the actual costs incurred by or on behalf of Landlord for the TI Allowance Items, Tenant shall pay Landlord the amount, if any, by which such actual costs exceed the sum of the TI Allowance and the Over-Allowance Amount within fifteen (15) days after being billed therefor, or Landlord may, at its election, require that Tenant deposit with Landlord the full amount of such excess prior to Landlord's delivery of the Expansion Space to Tenant. No portion of the TI Allowance shall be used to pay Tenant or Tenant's agents, contractors or employees, unless and until Landlord's contractors and any other persons and entities employed by or under contract with Landlord have been paid in full.

  • Non-Usage Fee The Borrower shall pay to the Bank a non-usage fee on the average daily unused portion of Facility A at a rate of 0.25% per annum, payable in arrears within fifteen (15) days of the end of each calendar quarter for which the fee is owing.

  • Servicing Fee Rate The rate used to calculate the Servicing Fee is equal to such rate as is set forth on the Mortgage Loan Schedule with respect to a Mortgage Loan.

  • Primary Servicing Fee; Carryover Servicing Fee The Primary Servicing Fee for each calendar month and any Carryover Servicing Fees payable on any Distribution Date in arrears by the Issuer shall be equal to the amounts determined by reference to the schedule of fees attached hereto as Attachment A. Notwithstanding anything to the contrary contained herein or in any other Basic Document, the Servicer shall be entitled to receive any Carryover Servicing Fee on any Distribution Date only if and to the extent that sufficient funds are available pursuant to Section 2.8(i) of the Administration Agreement.

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