Daily Unbalanced Quantity definition

Daily Unbalanced Quantity means, for a particular Gas Day, the steering difference between the sum of the daily net Allocated Quantities (being the Allocated Quantities for Forward Flow plus the Allocated Quantities for Reverse Flow) and the daily Measured Quantity. The Daily Unbalanced Quantity can be positive (representing an under-delivery from the TAP System to the IGB System or an over-delivery from the IGB System to TAP System) or negative (representing an over-delivery from the TAP System to the IGB System or an under – delivery from the IGB System to the TAP System). Note: Measured Quantity or Allocated Quantity in Forward Flow is expressed as positive value; Measured Quantity or Allocated Quantity in Reverse Flow is expressed as negative value.
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Daily Unbalanced Quantity means, for a particular Gas Day, the Steering Difference between the sum of the daily Allocated Quantities and the daily Measured Quantity. The Daily Unbalanced Quantity can be positive (representing an under-delivery from the Alexandroupolis INGS to the DEFSA System) or negative (representing an over-delivery from Alexandroupolis FSRU to the DESFA System). “Default Processed Quantity for DESFA”. In the event that a Transmission User does not submit a Daily Nomination or submits a Daily Nomination rejected by DESFA according to the provisions of Article [27B] of the Network Code of NNGTS, they are deemed to have submitted a Daily Nomination with zero quantities.
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Daily Unbalanced Quantity means, for a particular Gas Day, the steering difference between the sum of the daily net Allocated Quantities (being the Allocated Quantities for Forward Flow plus the Allocated Quantities for Reverse Flow) and the daily Measured Quantity. The Daily Unbalanced Quantity can be positive (representing an over-delivery from the ICGB System to the DESFA System or an under-delivery from the DESFA System to ICGB System) or negative (representing an under- delivery from the ICGB System to the DESFA System or an over – delivery from the DESFA System to the ICGB System). Note: Measured Quantity or Allocated Quantity in Forward Flow is expressed as positive value; Measured Quantity or Allocated Quantity in Reverse Flow is expressed as negative value.
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Examples of Daily Unbalanced Quantity in a sentence

  • For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to Xxxxxxx's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.


More Definitions of Daily Unbalanced Quantity

Daily Unbalanced Quantity means, for a particular Gas Day, the steering difference between the sum of the daily Allocated Quantities and the daily Measured Quantity. The Daily Unbalanced Quantity can be higher (representing an under-delivery from the TANAP System to the TAP System) or lower (representing an over-delivery from the TANAP System to the TAP System) than zero.
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Related to Daily Unbalanced Quantity

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Type B quantity means a quantity of radioactive material greater than a Type A quantity.

  • Type A quantity means a quantity of radioactive material, the aggregate radioactivity of which does not exceed A1 for special form radioactive material or A2 for normal form radio- active material, where A1 and A2 are given in Appendix O or may be determined by procedures described in Appendix O.

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Compounded Daily SONIA means with respect to an Interest Accrual Period, the rate of return of a daily compound interest investment during the Observation Period corresponding to such Interest Accrual Period (with the daily Sterling overnight reference rate as reference rate for the calculation of interest) and will be calculated by the Calculation Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the Final Terms or Pricing Supplement) on the relevant Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards: Where:

  • MMBtu means one million British thermal units.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Volume Commitment means the volume of NGLs that a Committed Shipper has guaranteed to ship on the Pipeline pursuant to its TSA.