Common use of Third Party Imbalance Penalties Clause in Contracts

Third Party Imbalance Penalties. If on any day Customer or Company's Transporter receives or delivers, or causes to be received or delivered, a quantity or Btu content of gas that is greater or less than that nominated and scheduled for receipt or delivery at the Receipt or Delivery Point(s), and such deliveries cause Customer or Company to incur a penalty(ies), cashout cost(s), fee(s), forfeiture(s) or charge(s) as levied by any transporter or Transporter(s), upstream or downstream of the respective Receipt and Delivery Point(s), the responsible party agrees to bear and pay such penalty(ies), cashout cost(s), fee(s), forfeiture(s) or charge(s). Customer and Company agree to provide one another all information necessary to determine what event, or which party caused the imbalance resulting in the imposition of penalty(ies), cashout cost(s), fee(s), forfeiture(s) or charge(s) by a transporter or Transporter(s) at the Receipt or Delivery Point(s).

Third Party Imbalance Penalties. If on any day Customer or Company's Transporter receives or delivers, or causes to be received or delivered, a quantity or Btu content of gas that is greater or less than that nominated and scheduled for receipt or delivery at the Receipt or Delivery Point(s), and such deliveries cause Customer or Company to incur a penalty(ies), cashout cost(s), fee(s), forfeiture(s) or charge(s) as levied by any transporter or Transporter(s), upstream or downstream of the respective Receipt receipt and Delivery Point(s), the responsible party agrees to bear and pay such penalty(ies), cashout cost(s), fee(s), forfeiture(s) or charge(s). Customer and Company agree to provide one another all information necessary to determine what event, or which party caused the imbalance resulting in the imposition of penalty(ies), cashout cost(s), fee(s), forfeiture(s) or charge(s) by a transporter or Transporter(s) at the Receipt or Delivery Point(s).