Agreed Imbalance definition

Agreed Imbalance as defined in Section 14.01.
Sample 1Sample 2Sample 3
Agreed Imbalance has the meaning set forth in Section 11.02.
Sample 1
Agreed Imbalance as defined in Section 16.01. “Agreement” — as defined in the first paragraph of this Agreement. “Allocated Value” — as defined in Section 4.03(c)(ii). “Arbitrators” — as defined in Section 20.01(c). “Asset” or “Assets” — as defined in Section 2.02. “Assignment” — as defined in Section 4.05. “Assumed Environmental Obligations” — as defined in Section 5.02(a). “Assumed Obligations” — as defined in Section 18.02. “Base Financial Statements” means the historical financial statements in respect of the Assets required to be filed by Parent pursuant to Regulation S-X of the Securities Act, or, in lieu 1 thereof, an alternate set of financial statements with respect to which Buyer notifies Seller that the SEC has determined to permit Parent to file.
Sample 1

Examples of Agreed Imbalance in a sentence

  • Buyer and Seller shall jointly verify the actual net gas imbalances as of the Effective Time in the Accounting Statement and any Agreed Imbalance shall be accounted for between the Parties in the Accounting Statement at the New York Mercantile Exchange (NYMEX) closing price per MCF on the third (3rd) Business Day preceding the Effective Time.

  • Buyer and Seller shall verify the actual net gas imbalance in the post-closing accounting pursuant to Section 12.02 and any imbalance shall be accounted for between the parties at the price of $2.45 per MMBTU but only as to those volumes which exceed or are less than the Agreed Imbalance.

  • Buyer and Seller shall verify the actual net gas imbalance in the post-closing accounting and any imbalance shall be accounted for between the parties at the price of $6.00 per Mcf but only as to those volumes which exceed or are less than the Agreed Imbalance.

  • Buyer and Seller shall verify the actual net gas imbalance in the post-closing accounting pursuant to Section 12.02 and any imbalance shall be accounted for between the parties at the price of $3.25 per MMBTU but only as to those volumes which exceed or are less than the Agreed Imbalance.

  • Buyer and Seller agree that the net gas imbalance attributable to the Assets as of the Effective Time is believed to be that which is set forth on Schedule 12.02 (the "Agreed Imbalance"), notwithstanding that the actual imbalance may be less or greater.

  • Buyer and Seller shall verify the actual net gas imbalance in the post-closing accounting and any imbalance shall be accounted for between the Parties at the price of Four Dollars and Fifty Cents ($4.50) per MCF but only as to those volumes which exceed or are less than the Agreed Imbalance, reduced for royalties and severance taxes as to the agreed amount of overproduction obligations or underproduction entitlements.

  • Buyer and Seller shall verify the actual net gas imbalance in the post closing accounting and any imbalance shall be accounted for between the parties at the price of $4.00 per MCF but only as to those volumes which exceed or are less than the Agreed Imbalance.

  • Any gas imbalance shall be accounted for between Buyer and Seller as follows: Buyer and Seller agree that the net gas production and pipeline imbalance attributable to the Properties as of the Effective Time is believed to be that which is set forth on Exhibit "A-3" (the "Agreed Imbalance"), notwithstanding that the actual imbalance may be less or greater.

  • Buyer and Sellers agree that the net gas imbalance attributable to the Properties as of the Effective Date is believed to be that which is set forth on Exhibit "I" (the "Agreed Imbalance"), notwithstanding that the actual imbalance may be lesser or greater.

  • Buyer and Sellers shall verify the actual net gas imbalance in the Post-Closing accounting, if not before, and any imbalance shall be accounted for between the parties at the price of $1.50 per MCF but only as to those volumes which exceed or are less than the Agreed Imbalance; provided, however, that if an applicable operating or gas balancing agreement requires cash balancing upon conveyance of the Properties, the adjustment price shall equal the price received in the cash balancing.