Banked Gas Account definition

Banked Gas Account means an account used to track differences between the gas delivered by a direct purchase Customer and the measured consumption at the associated Point(s) of Consumption.
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Banked Gas Account means the account which captures the volumetric variances between deliveries by a gas vendor on behalf of a customer and actual consumption by that customer.3
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Banked Gas Account has the meaning given to such term in Section 3.1 of this Agreement.
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Examples of Banked Gas Account in a sentence

  • Any debit balance in the Banked Gas Account as at the end of the contract year which is not both elected to be returned, and actually returned, to the Company as aforesaid shall be deemed to have been sold to the Applicant and the Applicant shall pay for such gas within ten (10) days of the rendering of a bill therefor.

  • Any volume of gas returned to the Company as aforesaid shall not be credited to the Banked Gas Account in the subsequent contract year.

  • The Company shall periodically report to the Applicant the net balance in the Applicant's Banked Gas Account.

  • Subject to the foregoing, the credit balance in the Banked Gas Account shall be deemed to be reduced on each Adjustment Day by the volume ("Daily Reduction Volume") by which the Mean Daily Volume applicable to such day exceeds the greater of the volume of gas delivered by the Applicant on such day and the Nominated Volume for such day which was accepted by the Company.

  • Any volume of gas deemed to have been so tendered for sale shall be deemed to have been eliminated from the credit balance of the Banked Gas Account.

  • Subject to its ability to do so, the Company will attempt to accommodate arrangements which would permit adjustments to Banked Gas Account balances at times and in a manner which are mutually agreed upon by the Applicant and the Company.

  • Any credit balance in the Banked Gas Account not eliminated as aforesaid in the Adjustment Period shall be forfeited to, and be the property of, the Company, and such volume of gas shall be debited to the Banked Gas Account as at the end of the Adjustment Period.

  • If the Applicant is supplying their own gas requirements and if the Applicant request and at the Company’s sole discretion, such Overrun Gas will be debited to the Applicant’s Banked Gas Account.

  • Subject to clause (ii), if the Applicant continues to take service from the Company under a contract pursuant to which the Applicant delivers gas to the Company , that portion of such balance which does not exceed a tolerance volume of 5.5% times MDV deliveries for the contract year may be carried forward as a credit to the Banked Gas Account for the next succeeding contract year.

  • Any excess of CDS deliveries over consumption will be credited to the customer's Banked Gas Account.

Related to Banked Gas Account

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Joint Account means an Account opened in more than one name;

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Active Account means an individual investment account in the Plan with a balance greater than $0.

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Investment Account As defined in Section 3.12(a).

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Credit Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Affiliate Account means, as to any Access Person, an Account:

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.