Balancing Provider definition
Examples of Balancing Provider in a sentence
Balancing Provider shall have the right to protest any such changes proposed by Transporter and to exercise any other rights that Balancing Provider may have with respect thereto.
Company desires to provide this balancing service to Balancing Provider.
Balancing Provider shall authorize Company to deliver a quantity of gas up to Balancing Provider's Maximum Balancing Quantity at a Variable Load Point, as set forth in Exhibit(s) A attached hereto.
Balancing Provider shall make payments to Company in accordance with Rate Schedule TPB, other applicable terms and provisions of this Agreement, and Section 6.6 of the General Terms and Conditions of Company's FERC Gas Tariff.
Balancing Provider may protest any filed changes before the Federal Energy Regulatory Commission and exercise any other rights it may have with respect thereto.
For purposes of legal proceedings, this Agreement shall be deemed to have been made in the State of Texas and performed there, and the Courts of that State shall have jurisdiction over all disputes which may arise under this Agreement, provided always that nothing herein contained shall prevent Company from proceeding at its election against Balancing Provider in the Courts of any other State, Province or Country.
Balancing Provider shall pay Company each month the applicable rate for this service multiplied by the number of days in the calendar month multiplied by the Maximum Balancing Quantity as specified in Exhibit A of this Agreement.
This Agreement shall be effective as of the date hereof and shall continue in full force and effect until , subject to cancellation by Transporter, at its discretion, in the event Balancing Provider does not utilize the MBA services in any twelve (12) consecutive months.
This Agreement and Company's Tariff, and the rights and obligations of Company and Balancing Provider thereunder are subject to all relevant and United States lawful statutes, rules, regulations and orders of duly constituted authorities having jurisdiction.
Termination of this Agreement shall not relieve Company and Balancing Provider of the obligation to correct any Imbalances hereunder, or Balancing Provider to pay money due hereunder to Company and shall be in addition to any other remedies that Company may have.