Gas Balance definition

Gas Balance means the difference between the allocated Quantity of Transfer Gas Forward Flow at TTF and the allocated Quantity of Exit Gas or the difference between the allocated Quantity of Entry Gas Reverse Flow at the Entry Point Reverse Flow and the allocated Quantity of Transfer Gas Reverse Flow at TTF.
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Gas Balance means the difference between the allocated Quantity of Entry Gas and the allocated Quantity of Exit Gas.
Sample 1
Gas Balance means the difference between the allocated Quantity of Entry Gas and the allocatedQuantity of Exit Gas.
Sample 1

Examples of Gas Balance in a sentence

  • BBL Company shall endeavour to minimise the Gas Balance at the end of the Gas Day.

  • If, however, the new Framework Agreement replaces a former Framework Agreement terminated by the lapse of the Hour immediately prior to the first Hour of the new Framework Agreement’s term, the Gas Balance Account of the former Framework Agreement shall be transferred to the Gas Balance Account of the new Framework Agreement.

  • One Gas Balance Account is opened when a new Framework Agree- ment enters into force with an opening balance sheet of zero (0).

  • Every Hour throughout the term of the Framework Agreement, the Gas Balance Ac- count is updated by adding the allocated Quantity of Gas delivered by the Shipper at the Delivery Point(s) during that Hour and subtracting the allocated Quantity of Gas redelivered by the Operator at the Redelivery Point during the same Hour.

  • Returning Transferring a stock equivalent to the quantity of the Natural Gas Lent to MFGT’s name, into MFGT’s Gas Balance, in MFGT’s IT system from the Borrower’s stock in the storage facility – basically upon the initiative of the Borrower.

  • Op- erations Manual) and the Quantity of Gas redelivered per Hour per Shipper Code Pair at the Redelivery Point and calculate the resulting balance of the Gas Balance Account according to the Operations Manu- al and inform the Shipper every Hour of the result hereof.

  • The balance of the Gas Balance Account shall consequently be adjusted to zero (0) with effect from the end of the last Hour in the Month m.

  • A negative Gas Balance Account will be cleared if the Shipper’s Booked Daily Capacity and Hour-ahead Capacity during every Gas Day in a Month (denoted m) has been zero (0) by the Shipper purchasing a Quantity of Gas bringing the Gas Balance Account to zero (0) at a price set as 110% (one hundred and ten per cent) of the Gas Price.

  • Unpaid balances relating to these activities are reflected in the Laclede Gas Balance Sheets as Accounts receivable-Associated companies or as Accounts payable-associated companies.

  • The Shipper has, throughout any Gas Day during the term of the Framework Agreement, the right to deliver Quantities of On-spec De- livery Gas at the Delivery Point(s) at a reasonably even flow rate throughout the Gas Day as long as the balance of the Gas Balance Ac- count does not exceed the Over-delivery Flexibility by the end of the Gas Day.

Related to Gas Balance

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any Sale-Leaseback Transactions that do not create a liability on the balance sheet of such Person, (iii) any obligation under a Synthetic Lease or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Net Pool Balance means, as of any date, the aggregate Outstanding Principal Balance of all Receivables (other than Defaulted Receivables) of the Issuer on such date.