Imbalance definition

Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.
Imbalance or “Imbalances” means any over-production, under-production, over-delivery, under-delivery or similar imbalance of Hydrocarbons produced from or allocated to the Purchased Assets, regardless of whether such over-production, under-production, over-delivery under-delivery or similar imbalance arises at the platform, wellhead, pipeline, gathering system, transportation system, processing plant or other location.
Imbalance means any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well and allocable to the interests of Seller therein and the shares of production from the relevant Well to which Seller is entitled, together with any appurtenant rights and obligations concerning future in kind and/or cash balancing at the wellhead.

Examples of Imbalance in a sentence

  • Company reserves the right to use Pool Operator's assets associated with Pooling Service, including without limitation the Over-Delivery Imbalance Quantity, to offset or recoup any costs owed to and/or incurred by Company.

  • The GLO will make commercially reasonable attempts to effectuate intra-month scheduled amendments, but makes no guarantee that they can be implemented or that avoidance of Imbalance Costs can be achieved.

  • Shall mean the cost incurred by the GLO to supply volume(s) of natural gas to the Points of Delivery identified in Exhibit A, and includes but is not limited to, tariff and telemetry charges, transportation charges, park-and-loan charges, cash outs, fuel charges, meter or metering charges, fees and taxes, including all Imbalance Costs actually incurred or reasonably allocated by the GLO before or after the Points of Delivery.


More Definitions of Imbalance

Imbalance means the difference between energy quantities of Gas received and Gas delivered, net of adjustments, in an Account each Gas Day;
Imbalance shall be defined as the difference between the total MMBTU's of Gas received at the Receipt Point(s), less fuel and lost and unaccounted for gas, and the total MMBTU's of Gas allocated to Owner at the Delivery Point(s).
Imbalance means an energy volume calculated for a balance responsible party and representing the difference between the allocated volume attributed to that balance responsible party and the final position of that balance responsible party, including any imbalance adjustment applied to that balance responsible party, within a given imbalance settlement period;
Imbalance means the difference between the quantities of gas received by the Service Provider at Receipt Points for a User's account (net of System Use Gas) and the quantities of gas taken by or on account of the User at the Delivery Points.
Imbalance means (i) any imbalance at the wellhead between the amount of Hydrocarbons produced from a Well and allocable to the interests of Seller therein and the shares of production from the relevant Well to which Seller is entitled and (ii) any marketing imbalance between the quantity of Hydrocarbons required to be delivered by Seller under any Contract relating to the purchase and sale, gathering, transportation, storage, processing, or marketing of Hydrocarbons and the quantity of Hydrocarbons actually delivered by Seller pursuant to the relevant Contract, together with any appurtenant rights and obligations concerning future in-kind and/or cash balancing at the wellhead and production balancing at the delivery point into the relevant sale, gathering, transportation, storage, or processing facility.
Imbalance means any over-production, under-production, over-delivery, under delivery or similar imbalance of Hydrocarbons produced from or allocated to the Assets, regardless of whether such over-production, under-production, over-delivery, under-delivery, or similar imbalance arises at the wellhead, pipeline, gathering system, transportation system, processing plant, or other location, including any imbalances under gas balancing or similar agreements, processing agreements, and gathering or transportation agreements.
Imbalance means a measurement of the variation in distribution of mass around the centre axis of the tyre. It can be measured as either ‘Static’ or ‘Dynamic’ imbalance.