Gas Balancing Agreement definition

Gas Balancing Agreement means any agreement or arrangement whereby any Loan Party, or any other party having an interest in any hydrocarbons to be produced from Mineral Interests in which any Loan Party owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby any Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Mineral Interests in which any Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby the Borrower or any Restricted Subsidiary, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Interests in which the Borrower or any Restricted Subsidiary owns an interest, has a right to take more than its proportionate share of production therefrom.
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Examples of Gas Balancing Agreement in a sentence

  • Exhibit C is a COPAS 1984-1 Onshore Accounting Form; Exhibit D contains the insurance provisions and that the operator may be selfinsured; Exhibit E is a Gas Balancing Agreement; and Exhibit F is an equal employment opportunity provision.

  • Starting in 2015, however, a portion of the gas will be rerouted to Malaysia for domestic consumption according to the Gas Balancing Agreement between PTT and Petroliam Nasional Berhad (Petronas).

  • Exhibit C is a COPAS 1984-1 Onshore Accounting Form; Exhibit D contains the insurance provisions and that the operator may be self insured; Exhibit E is a Gas Balancing Agreement; and Exhibit F is an equal employment opportunity provision.

  • Specifically, NGTL seeks Board approval to: • extend the term and rate of Rate Schedule OS, Other Service – Schedule No, 2003- 00452-2 (the Gas Balancing Agreement (GBA), or GBA Service) to March 31, 2009; and• amend specific provisions of Rate Schedule IT-S and the General Terms and Conditions of the Tariff.94 7.1 Gas Balancing AgreementThe Board notes that the GBA between NGTL and TCPL was first approved by the Board on August 21, 1997, at a time when the companies were not related.

  • The amount of gas each is able to sell is governed by an Interim Gas Balancing Agreement.

  • The imbalance is recovered on 14 subsequent days by over delivering or under delivering gas to the connecting 15 pipelines compared to the total nominated flow for the day; 16 • Gas Balancing Agreement (GBA) nominated at the Empress Border.

  • The Gas Balancing Agreement is filed in Section 3.2 of Phase 2 of this GRA.

  • Under an Interim Gas Balancing Agreement with its joint venture partners, the Group has taken a higher proportion of natural gas produced from the Mereenie joint venture than its joint venture percentage entitlement.

  • This Interim Gas Balancing Agreement was negotiated between Central and Santos upon Central’s acquisition of its participating interest in the field in 2015.

  • The Gas Balancing Agreement specifies a settling mechanism between the holders on a periodic (daily, weekly and annual) basis and allowed the separation of gas marketing.


More Definitions of Gas Balancing Agreement

Gas Balancing Agreement means any agreement or arrangement whereby the Borrower or any other Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Properties in which the Borrower or any other Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby Borrower or any of its Subsidiaries or any other party having an interest in any hydrocarbons to be produced from Mineral Interests in which Borrower or any of its Subsidiaries have a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby any Person having an interest in any Hydrocarbons to be produced from the Oil and Gas Interests of the Borrower
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Gas Balancing Agreement means any agreement or arrangement whereby Mortgagor, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Leases in which Mortgagor owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby Seller or any other party having an interest in any Hydrocarbons to be produced from the Dedicated Interests has a Right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby any Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Properties in which any Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom. “Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
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Related to Gas Balancing Agreement

  • Interconnection Agreement means the Agreement between the Parties entitled “Interconnection Agreement Under §§251 and 252 of the Telecommunications Act of 1996,” dated July 16, 1996.

  • Financing Agreements means, collectively, this Agreement and all notes, guarantees, security agreements and other agreements, documents and instruments now or at any time hereafter executed and/or delivered by Borrower or any Obligor in connection with this Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced.

  • Master Services Agreement means the master services agreement among the Service Providers, the Partnership, BRELP, the Holding Entities and others;

  • Generation Interconnection Agreement means the large generator interconnection agreement to be entered into separately between Seller and Interconnection Provider concerning the Interconnection Facilities.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Financing Agreement means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

  • Initial Agreement has the meaning set forth in the recitals to this Agreement.