Natural Gas Liquids Balancing Sample Clauses

Natural Gas Liquids Balancing. At any time after the execution of this Agreement, Producers have the right but not the obligation to deliver to Gatherer a form of natural gas liquids balancing agreement to be utilized for the System (a “Liquids Balancing Agreement”). The Liquids Balancing Agreement will incorporate, among others, the following principles: (a) each party delivering Gas into the System during a Month will be entitled to balance the difference between the natural gas liquids delivered into the System and the natural gas liquids actually received by that party at the Delivery Points (on a natural gas liquids component basis), subject to adjustments for plant recoveries downstream of such Delivery Points and such party’s allocable share of Fuel and L&U; (b) unless the parties delivering Gas into the System otherwise agree to balance natural gas liquids on an in-kind basis, such parties will balance such natural gas liquids by a Monthly cash-out mechanism to adjust for imbalances that arise during such Month (on a natural gas liquid component basis) among all such parties; and (c) Gatherer will be the administrator of the balancing activities conducted pursuant to the Liquids Balancing Agreement and no new, separate fee will be charged under the Liquids Balancing Agreement in respect of its activities as administrator. The form of Liquids Balancing Agreement will be subject to the prior approval of Gatherer, which approval may only be withheld if Gatherer reasonably believes that the commodity pricing obligations of Gatherer, or the standards of performance and liability disclaimers and indemnities for the benefit of Gatherer as administrator of the Liquids Balancing Agreement are less favorable to Gatherer than those typically provided to imbalance administrators in similar agreements used in the U.S. midstream industry. If Producers and Gatherer are unable to agree on the form of Liquids Balancing Agreement within 60 Days after the delivery of the original draft Liquids Balancing Agreement by Producers to Gatherer, then any remaining unresolved issues related to the Liquids Balancing Agreement will be referred to the Expert Dispute Resolution Procedure in Exhibit E-2 for final resolution. Once resolved pursuant to the Expert Dispute Resolution Procedure, Gatherer and CEMI will execute the final form of such Liquids Balancing Agreement. All Third Parties delivering Gas into the Gathering System must execute and deliver a counterpart of the Liquids Balancing Agreement to CEMI...
Sample 1
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Related to Natural Gas Liquids Balancing

  • 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.

  • 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).

  • 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.

  • Voice Grade Unbundled Copper Sub-Loop Unbundled Sub-Loop Distribution – Intrabuilding Network Cable (aka riser cable)

  • 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.

  • Notice of Sales of Oil and Gas Properties In the event the Borrower or any Subsidiary intends to sell, transfer, assign or otherwise dispose of any Oil or Gas Properties or any Equity Interests in any Subsidiary in accordance with Section 9.12, prior written notice of such disposition, the price thereof and the anticipated date of closing and any other details thereof requested by the Administrative Agent or any Lender.

  • 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 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.

  • Interconnection Customer Compensation If the CAISO requests or directs the Interconnection Customer to provide a service pursuant to Articles 9.6.3 (Payment for Reactive Power) or 13.5.1 of this LGIA, the CAISO shall compensate the Interconnection Customer in accordance with the CAISO Tariff.

  • 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.

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