Imbalance Amount definition

Imbalance Amount has the meaning set forth in Section 3.3(f).] [Applicable only to tolling agreement.]
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Imbalance Amount has the meaning set forth in Section 3.3(f).“Indemnifiable Loss” means any and all damages, claims, losses, liabilities, obligations, costs and expenses, including reasonable legal, accounting and other expenses, and the costs and expenses of any and all actions, suits, proceedings, demands (by any Person, including any Governmental Authority), assessments, judgments, settlements and compromises.
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Imbalance Amount means, as determined separately for gaseous Hydrocarbons (excluding natural gas liquids), liquid Hydrocarbon (excluding natural gas liquids), and natural gas liquids, the contract price for such product in effect as of the Effective Time (or sales price, if there is not a contract price in effect as of the Effective Time).
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Examples of Imbalance Amount in a sentence

  • For each day on which the Imbalance Amount is negative (e.g., (A) is less than (B)) by a margin of 1% or more, Seller shall owe Buyer an amount equal to (i) the absolute value of the Imbalance Amount, multiplied by the sum of the Gas Index Price, High and all transportation and distribution charges related to the Imbalance Amount that have been (or are to be) paid by Buyer, plus (ii) any penalties assessed by the LDC or interconnecting pipeline against Buyer that were incurred as a result of the deviation.

  • For each day on which the Imbalance Amount is positive (e.g., (B) is less than (A)) by a margin of 1% or more, Buyer shall owe Seller an amount equal to (i) the absolute value of the Imbalance Amount, multiplied by the sum of the Gas Index Price, Low multiplied by 15%, less (ii) any penalties assessed by the LDC or pipeline against Buyer that were incurred as a result of the deviation.

  • The Purchase Price shall be further adjusted downward or upward, as appropriate, by an amount equal to: (i) any well imbalances in MMBtu with respect to the Acquired Assets existing as of the Effective Time; multiplied by the Per MMBtu Imbalance Amount; and (ii) any pipeline or transportation imbalances with respect to the Acquired Assets existing as of the Effective Time at the then current monthly price applicable to deliveries to the pipeline.

  • During the Delivery Term, in addition to the provisions in Section 3.3(e), Seller shall compensate Buyer, or Buyer shall compensate Seller, on a monthly basis, based on a Daily Imbalance Amount for each individual day of the calendar month as follows, with an example of the Gas True-up shown in Appendix VI.

  • During the Services Term, in addition to the provisions in Section 3.3(e) (“Additional Gas”), Seller shall compensate Buyer, or Buyer shall compensate Seller, on a monthly basis, based on a Daily Imbalance Amount for each individual day of the calendar month as follows, with an example in Appendix XII.

  • Buyer shall pay to Seller in immediately available funds to an account designated by Seller the sum of the Adjusted Preliminary Purchase Price (as determined in accordance with Section 2.6) less the Additional Escrow Amount less the Pay-Off Amount less the Performance Deposit plus the Net Imbalance Amount (which Net Imbalance Amount may be a positive or negative dollar amount) (such amount being referred to as the “Closing Amount”).

  • The amount of each Monthly Netting (the “Monthly Net Amount”) will be equal to the sum of the Aggregate Monthly Positive Imbalance Amount and Aggregate Monthly Negative Imbalance Amount and, if such Monthly Net Amount is positive, the Buyer shall deduct the Monthly Net Amount from the monthly payment due to Seller.

Related to Imbalance Amount

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Imbalances means over-production or under-production or over-delivery or under-delivery with respect to Hydrocarbons produced from the Properties, regardless of whether the same arise at the wellhead, pipeline, gathering system, transportation system, processing plant, or any other location, including any imbalances under gas balancing or similar agreements, production handling agreements, processing agreements, and/or gathering or transportation agreements.

  • 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.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Applied Realized Loss Amount With respect to any Distribution Date, the amount, if any, by which, the sum of (i) the Aggregate Certificate Principal Balance and (ii) the Class C Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Excess valuation assets for a valuation period means, with

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.