RESOLUTION OF IMBALANCES Sample Clauses

RESOLUTION OF IMBALANCES. To the extent operationally practical for Transporter, both Parties shall cooperate and eliminate any Daily Imbalance(s), which include unresolved prior Days'('s) Imbalances by a subsequent Daily adjustment(s) in Gas nominations, confirmations and/or physical receipts and deliveries. Any such Imbalances remaining at the end of each Month which are less than or equal to five percent (#5%) of the Daily average for such Month shall be eliminated by a subsequent Daily adjustment(s) in Gas nominations, as soon as practical during the following Month. Month-end Imbalances which are greater than five percent ()5%) of the Daily average for such Month shall be eliminated by monetizing the entire amount of the Imbalance by multiplying the Imbalance by the simple average of each Day's gas price for such Month as found in Gas Daily (Pasha Publication, Inc.) or successor publication, in the section entitled "Daily Price Survey", the column entitled "Daily Midpoint", and under the listings applicable to a Basket Price (as described herein) i) multiplied by one-hundred and ten percent (110%) if Shipper owes Transporter Gas, and ii) multiplied by ninety percent (90%) if Transporter owes Shipper Gas. "BASKET PRICE" shall mean the simple average of each Day's price quote, as described above, for the geographic location closest in proximity to the Delivery Point(s) for the relevant Day for Houston Pipe Line, Midcon Texas Pipeline, the Agua Dulce hub, Koch Xxxeway, Tennessee Gas Pipeline - South Texas, and NGPL - South Texas. Should any element used in calculating the Basket Price no longer be available, the Parties shall, by mutual agreement, determine whether a substitute element is necessary. The monetary amounts owed by Shipper or by Transporter for that Month's cash-out will be debited or credited to the monetary amounts owed by Shipper to Transporter for that Month's transportation.
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RESOLUTION OF IMBALANCES. Shipper shall eliminate an Imbalance by any method set forth in Section 2.4 within 60 Days following notification by Transporter of the Imbalance. Any Imbalance not resolved within the 60-Day balancing period shall be eliminated by use of the Cash Out provision set forth in Section 2.4(e) below.
RESOLUTION OF IMBALANCES. Each Month and separately for each gathering system, the party owing an Imbalance to the other party shall reduce the Imbalance to zero by making a payment to the other party. The Imbalance payment shall be calculated by multiplying the Imbalance in Dth by the applicable CIG Gathering Cashout price. The Denver South Average CIG Gathering Cashout Price shall be used in computations for Southern Gathering Systems (CIG systems in Kansas, Oklahoma, Colorado and Texas), and the Denver North CIG Gathering Cashout Price shall be used for Northern Gathering Systems (CIG systems in Wyoming and Utah). The Denver South Price shall be the simple average of prices for ANR Oklahoma, NGPL Oklahoma, NNG Oklahoma and PEPL Oklahoma published in Inside FERC's Gas Market Report as the final monthly index price for the Month in which the imbalance occurred. The Denver North Price shall be the CIG Rocky Mountains price so published. In the event that the Imbalance Percentage is greater than 7.5% in a Month, then the payment calculated as above shall be increased by 10% as to payments owed Transporter by Shipper and decreased by 10% as to payments owed Shipper by Transporter. Imbalance payments so calculated and adjusted hereunder for each system shall be aggregated each Month to determine the net Imbalance payment to be paid by one party to the other. The aggregation of Imbalance payments and the net Imbalance payment shall be reported on an attachment to the monthly Imbalance statement. The net Imbalance payment shall be due within 10 days of the date of the statement."

Related to RESOLUTION OF IMBALANCES

  • Resolution of Issues In the event issues pertaining to a proposed TO/DO solicitation cannot be resolved to the satisfaction of the CO, the CO reserves the right to withdraw and cancel the proposed TO/DO solicitation. In such event, the contractor shall be notified in writing of the CO's decision. This decision is final and conclusive and shall not be subject to the "Disputes" clause or the "Contract Disputes Act."

  • Notification of Incidents If Contractor becomes aware of or has reasonable suspicion of a privacy incident or security incident regarding any State data, Contractor must report such incident to the State and the State Chief Information Security Officer as soon as possible, but no later than twenty-four (24) hours after such incident. The decision to notify the affected data subjects and the form of such notice following report of a privacy incident or security incident are the responsibility of the State. Notwithstanding anything to the contrary in this Contract, Contractor will indemnify, hold harmless and defend the State and its officers, and employees for and against any claims, damages, costs and expenses related to any privacy incident or security incident involving any State data. For purposes of clarification, the foregoing sentence shall in no way limit or diminish Contractor’s obligation(s) to indemnify, save, hold harmless, or defend the State under any other term of this Contract. Contractor will reasonably mitigate any harmful effects resulting from any privacy incident or security incident involving any State data.

  • Notification of Incorrect Certificate The Company will, at any time during the term of this Agreement, as supplemented from time to time, advise the Manager immediately after it shall have received notice or obtained knowledge thereof, of any information or fact that would alter or affect any opinion, certificate, letter and other document provided to the Manager pursuant to Section 6 herein.

  • Collection of Items We act only as your agent and we are not responsible for handling items for deposit or collection beyond the exercise of ordinary care. We are not liable for the negligence of any correspondent or for loss in transit, and each correspondent will only be liable for its own negligence. We may send any item for collection. Items drawn on an institution located outside the United States are handled on a collection basis only. You waive any notice of nonpayment, dishonor, or protest regarding items we purchase or receive for credit or collection to your account. We reserve the right to pursue collection of previously dishonored items at any time, including giving a payor financial institution extra time beyond any midnight deadline limits.

  • Submission of Issues All issues for negotiations by the Association and the Board shall be submitted in definitive writing at the first meeting. No additional topics shall be submitted by either party following the initial meeting, unless agreed to by both parties.

  • Submission of Invoices 5.1 An original invoice shall be submitted by mail by the Contractor for each payment under the Contract to the following address: .................………………………………………………………………………………………………………………. 5.2 Invoices submitted by fax shall not be accepted by UNDP.

  • Exclusion of Immaterial Subsidiaries Solely for the purposes of determining whether an Event of Default has occurred under clause (h), (i) or (l) of Section 7.01, any reference in any such clause to any Subsidiary shall be deemed not to include any Immaterial Subsidiary affected by any event or circumstance referred to in any such clause.

  • Examination of Implementation 1. Without prejudice to the procedures set out in Article 188 (Compensation), once the period of time set out in paragraph 3 of Article 186 (Implementation of the Report) has expired, and there is disagreement between the disputing Parties as to the existence or consistency of the measures taken to comply with the Panel report, such dispute shall be referred to the original Panel wherever possible. If not possible, the procedure pursuant to Article 179 (Panel Selection) shall be followed to appoint a new Panel, in which event the periods set out thereof shall be reduced by half (22). 2. This Panel shall issue its report on the matter within 60 days after the date of the referral of the matter to it. When the Panel considers that it cannot provide its report within this timeframe, it shall inform the Parties in writing of the reasons for the delay together with an estimate of the period within which it will submit its report. Any delay shall not exceed a further period of 30 days unless the Parties otherwise agree.

  • Collection of Income The Custodian shall use reasonable commercial efforts to collect all income and other payments with respect to the Foreign Assets held hereunder to which the Portfolios shall be entitled and shall credit such income, as collected, to the applicable Portfolio. In the event that extraordinary measures are required to collect such income, the Fund and the Custodian shall consult as to such measures and as to the compensation and expenses of the Custodian relating to such measures.

  • Indemnification of ICANN (a) Registry Operator shall indemnify and defend ICANN and its directors, officers, employees, and agents (collectively, “Indemnitees”) from and against any and all third-­‐party claims, damages, liabilities, costs, and expenses, including reasonable legal fees and expenses, arising out of or relating to intellectual property ownership rights with respect to the TLD, the delegation of the TLD to Registry Operator, Registry Operator’s operation of the registry for the TLD or Registry Operator’s provision of Registry Services, provided that Registry Operator shall not be obligated to indemnify or defend any Indemnitee to the extent the claim, damage, liability, cost or expense arose: (i) due to the actions or omissions of ICANN, its subcontractors, panelists or evaluators specifically related to and occurring during the registry TLD application process (other than actions or omissions requested by or for the benefit of Registry Operator), or (ii) due to a breach by ICANN of any obligation contained in this Agreement or any willful misconduct by ICANN. This Section shall not be deemed to require Registry Operator to reimburse or otherwise indemnify ICANN for costs associated with the negotiation or execution of this Agreement, or with monitoring or management of the parties’ respective obligations hereunder. Further, this Section shall not apply to any request for attorney’s fees in connection with any litigation or arbitration between or among the parties, which shall be governed by Article 5 or otherwise awarded by a court of competent jurisdiction or arbitrator. (b) For any claims by ICANN for indemnification whereby multiple registry operators (including Registry Operator) have engaged in the same actions or omissions that gave rise to the claim, Registry Operator’s aggregate liability to indemnify ICANN with respect to such claim shall be limited to a percentage of ICANN’s total claim, calculated by dividing the number of total domain names under registration with Registry Operator within the TLD (which names under registration shall be calculated consistently with Article 6 hereof for any applicable quarter) by the total number of domain names under registration within all top level domains for which the registry operators thereof are engaging in the same acts or omissions giving rise to such claim. For the purposes of reducing Registry Operator’s liability under Section 7.1(a) pursuant to this Section 7.1(b), Registry Operator shall have the burden of identifying the other registry operators that are engaged in the same actions or omissions that gave rise to the claim, and demonstrating, to ICANN’s reasonable satisfaction, such other registry operators’ culpability for such actions or omissions. For the avoidance of doubt, in the event that a registry operator is engaged in the same acts or omissions giving rise to the claims, but such registry operator(s) do not have the same or similar indemnification obligations to ICANN as set forth in Section 7.1(a) above, the number of domains under management by such registry operator(s) shall nonetheless be included in the calculation in the preceding sentence.

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