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 of Gas transported hereunder 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 of Gas transported hereunder 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. ARTICLE XI PRESSURES 11.1 PRESSURE AT RECEIPT POINT(S) - All Gas delivered at a Receipt Point(s) shall be delivered at pressures sufficient to enter Transporter's system at the working pressures maintained by Transporter at the Receipt Point(s) from time to time. Transporter shall not be obligated to receive Gas at pressures exceeding the Maximum Allowable Operating Pressures ("MAOP") prescribed under any applicable governmental regulations and in no event will such pressure exceed the MAOP of the system. Transporter's MAOP at the Conoc...
Sample 1
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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.
Sample 1
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."
Sample 1

Related to RESOLUTION OF IMBALANCES

  • 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.

  • Completion of IPO The IPO shall have been completed.

  • 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.

  • Governing Law; Resolution of Disputes This Agreement and the rights and obligations hereunder shall be governed by and construed in accordance with the laws of the State of Wisconsin. Any dispute arising out of this Agreement shall, at the Executive’s election, be determined by arbitration under the rules of the American Arbitration Association then in effect (in which case both parties shall be bound by the arbitration award) or by litigation. Whether the dispute is to be settled by arbitration or litigation, the venue for the arbitration or litigation shall be Milwaukee, Wisconsin or, at the Executive’s election, if the Executive is not then residing or working in the Milwaukee, Wisconsin metropolitan area, in the judicial district encompassing the city in which the Executive resides; provided, that, if the Executive is not then residing in the United States, the election of the Executive with respect to such venue shall be either Milwaukee, Wisconsin or in the judicial district encompassing that city in the United States among the thirty cities having the largest population (as determined by the most recent United States Census data available at the Termination Date) which is closest to the Executive’s residence. The parties consent to personal jurisdiction in each trial court in the selected venue having subject matter jurisdiction notwithstanding their residence or situs, and each party irrevocably consents to service of process in the manner provided hereunder for the giving of notices.

  • 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.

  • Section 310 Computation of Interest Except as otherwise specified as contemplated by Section 301 for Securities of any series, interest on the Securities of each series shall be computed on the basis of a 360-day year of twelve 30-day months.

  • Location of Inventory Except as set forth in Schedule 4.25, the Inventory of Borrowers and their Subsidiaries is not stored with a bailee, warehouseman, or similar party and is located only at, or in-transit between, the locations identified on Schedule 4.25 to this Agreement (as such Schedule may be updated pursuant to Section 5.14).

  • Administration of Inventory Each Borrower shall keep records of its Inventory which records shall be complete and accurate in all material respects. Each Borrower shall furnish to Agent Inventory reports concurrently with the delivery of each Borrowing Base Certificate described in subsection 8.1.4 or more frequently as reasonably requested by Agent, which reports will be in such format and detail as Agent shall reasonably request and shall include a current list of all locations of such Borrower’s Inventory. Each Borrower shall conduct a physical inventory no less frequently than annually and shall provide to Agent a report based on each such physical inventory promptly thereafter, together with such supporting information as Agent shall reasonably request.

  • CHANGES TO THE CALCULATION OF INTEREST 10.1 Absence of quotations Subject to Clause 10.2 (Market disruption), if LIBOR is to be determined by reference to the Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the Quotation Day, the applicable LIBOR shall be determined on the basis of the quotations of the remaining Reference Banks.

  • Location of Improvements; No Encroachments All improvements which were considered in determining the Appraised Value of the Mortgaged Property lay wholly within the boundaries and building restriction lines of the Mortgaged Property, and no improvements on adjoining properties encroach upon the Mortgaged Property. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation;

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