Offsetting Terms and Conditions Sample Clauses

Offsetting Terms and Conditions. The Quantity Offset is delivered in kind in the TRF area.
Sample 1
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Offsetting Terms and Conditions. The Quantity Offset, within a daily limit of 10% of the Terminal Nominal Flow Rate, shall be delivered in kind to the PEG in the TRS balancing zone. If the Shipper Responsible cannot completely fulfil this obligation to offset in kind, said Shipper must offset the volume lacking financially by paying the Affected Shipper an indemnity, the amount of which shall be equal to the quantities not offset in kind under this paragraph, multiplied by the sale price applied by the Transmission System Operator in the event of imbalance in the TRS balancing zone in accordance with the balancing rules published on its website and accessible via the following link: xxxx://xxx.xxxxx.xxxxxx.xxx/fr/prix. As regards the remaining Quantity Offset, several offsetting terms and conditions are possible: • Offsetting in kind at the TRS balancing zone PEG; or • Offsetting at the PEG(s) that are adjacent to the TRS balancing zone, taking into account the transportation differential or any other method of offsetting in kind agreed between the Shipper Responsible and the Affected Shipper(s). This method of offsetting shall be used within the limit of what the Shipper Responsible can offer and what is acceptable for the Affected Shipper(s), without said Affected Shipper(s) being able to refuse without reasonable grounds; or • Financial offsetting. If the Shipper Responsible cannot completely fulfil this obligation to offset in kind, said Xxxxxxx must financially offset the volume lacking by paying the Affected Shipper an indemnity, the amount of which shall be equal to the lesser of the following two figures: i) sale price used by the Transmission System Operator in the event of an imbalance in the TRS balancing zone. ii) market price at the TRS balancing zone PEG plus 10%. If no reference price is published, the market price shall be equal to the price applied in transactions that do not involve any of the parties for which the Parties can prove the existence, by any means, over the period in question or, in the absence of proof, the price given in (i) above. The principles set forth above shall apply in the absence of a sufficiently liquid, deep and transparent market. When a market that includes the PEG TRS is sufficiently liquid, deep and transparent to make it possible to find quantities of gas thereon that allow for offsetting, the offsetting shall be entirely in kind.
Sample 1

Related to Offsetting Terms and Conditions

  • Governing Terms and Conditions If there is an irreconcilable conflict between the terms and conditions set forth in this Contract or any Contract Amendment and the terms and conditions set forth in any Exhibit, Appendix, Work Authorization or Supplemental Work Authorization to this Contract, the terms and conditions set forth in this Contract or any Contract Amendment shall control over the terms and conditions set forth in any Exhibit, Appendix, Work Authorization or Supplemental Work Authorization to this Contract.

  • CONTRACT TERMS AND CONDITIONS This section sets forth the terms and conditions of the Contract.

  • General Terms and Conditions During the term of this Contract, Contractor agrees to procure and maintain insurance which meets all County’s requirements in the General Terms and Conditions.

  • Special Terms and Conditions It is the intent of TIPS to award to reliable, high performance vendors to supply products and services to government and educational agencies. It is the experience of TIPS that the following procedures provide TIPS, the Vendor, and the participating agency the necessary support to facilitate a mutually beneficial relationship. The specific procedures will be negotiated with the successful vendor.

  • ADDITIONAL TERMS AND CONDITIONS This Annex A to the Second Amended and Restated Servicing Agreement, dated October 31, 2021 (the “Agreement”), among Xxxxx Bank and Xxxxx Trust Company, as Sellers, the Bank Assets Purchaser and, upon execution of the Joinder Agreement, the Delaware Trust Assets Purchaser, as Purchasers, and Guarantor (solely for purposes of Section 9.5 of the Agreement), is incorporated into and deemed part of the Agreement in all respects.

  • Payment Terms and Conditions 67.6.1 CLEC shall pay a Transit Service Charge as set forth in Table 1 for any Transit Traffic routed to CenturyLink by CLEC. 67.6.2 CLEC shall be responsible for payment of Transit Service charges on Transit Traffic routed to CenturyLink by CLEC and for any charges assessed by the terminating carrier. CLEC agrees to enter into traffic exchange agreements with third-parties prior to routing any Transit Traffic to CenturyLink for delivery to such third parties, and CLEC will indemnify, defend and hold harmless the Transit Service provider against any and all charges levied by such third-party terminating carrier with respect to Transit Traffic, including but not limited to, termination charges related to such traffic and attorneys’ fees and expenses.

  • Other Terms and Conditions You also agree to be bound by any other specific terms and conditions governing such recurring/instalment payment scheme. In the event of conflict, such specific terms and conditions are to prevail over the provisions of this clause but only to the extent necessary to give full effect to those terms and conditions.

  • Governing Terms Section 2.2 is amended by deleting the last sentence of the section and replacing it with the following: “Any inconsistency between any terms of this Master Agreement and any terms of the Confirmation Agreement or terms of the Collateral Annex, as may be modified in this Confirmation Agreement, shall be resolved in favor of the terms of this Confirmation Agreement or such Collateral Annex.”.

  • Remaining Terms Except as stated herein, all other terms and conditions of the Agreement remain in full force and effect.

  • Waiver of Terms and Conditions Failure to enforce any of the terms or conditions of this Agreement shall not constitute a waiver of any such terms or conditions, or of any other terms or conditions.

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