Imbalance Payable definition

Imbalance Payable means that quantity of gas owed by TXU to another party with respect to the Assets applicable to any period before the Effective Time.
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Imbalance Payable means that quantity of natural gas liquids as is owed by SAND HILLS and SOUTHERN HILLS with respect to HOLDINGS’ and MIDSTREAM’S respective ownership interest in the Pipeline Systems and attributable to time periods prior to the Effective Time.
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Imbalance Payable means an Imbalance related to a Contract owed by DEFS to a Third Party.
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Examples of Imbalance Payable in a sentence

  • The Imbalance Receivable shall be for the sole benefit of HOLDINGS and MIDSTREAM, and the Imbalance Payable shall be the sole obligation of HOLDINGS and MIDSTREAM.

  • The Imbalance Receivable shall be for the sole benefit of SELLER, and the Imbalance Payable shall be the sole obligation of SELLER.


More Definitions of Imbalance Payable

Imbalance Payable means that quantity of natural gas or natural gas liquids as is owed by SELLER with respect to the SELLER Interests under agreements relating to the Facilities and attributable to time periods prior to the Adjustment Time.
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Imbalance Payable means an account payable for an Imbalance owed by an LLC to a Third Person. "Imbalance Receivable" shall mean an account receivable for an Imbalance owed by a Third Person to an LLC. "Indemnified Party" or "Indemnitee" shall have the meaning given such term in Section 10.4(a). "Indemnifying Party" or "Indemnitor" shall have the meaning given such term in Section 10.4(a). "Independent Accountants" shall mean PriceWaterhouseCoopers. "Insurance" shall have the meaning give such term in Section 6.14. "Interest Rate" shall mean a per annum rate of interest equal to the lesser of (a) the prime rate of interest by Bank of America plus one percent (1%), which rate shall change when and as such prime rate changes, or (b) the maximum non-usurious rate of interest permitted to be charged under applicable Law. "ISDA Agreement" shall mean an ISDA Master Agreement between DENGL and GSRLLC in the form of the attached Exhibit C. "Laws" shall mean all applicable statutes, laws (including common law), regulations, rules, rulings, ordinances, orders, restrictions, requirements, writs, judgments, injunctions, decrees and other official acts of or by any Governmental Authority. "Lien" shall mean any lien, mortgage, pledge, claim, charge, security interest or other encumbrance, option or defect on title. 8 "Limited Partnership Agreement" shall mean the First Amended and Restated Agreement of Limited Partnership of DCP dated as of December 7, 2005. "LLCs" shall mean GSRLLC, GSRI and Pine Tree. "Loss" or "Losses" shall mean any and all damages, demands, payments, obligations, penalties, assessments, disbursements, claims, costs, liabilities, losses, causes of action, and expenses, including interest, awards, judgments, settlements, fines, fees, costs of defense and reasonable attorneys' fees, costs of accountants, expert witnesses and other professional advisors and costs of investigation and preparation of any kind or nature whatsoever. "Material Adverse Effect" shall mean a single event, occurrence or fact, or series of events, occurrences or facts, that, alone or together with all other events, occurrences or facts (a) would have an adverse change in or effect on the LLCs or the Assets (including the cost to remedy, replace or obtain same) taken as a whole, in excess of $3,400,000 or (b) would result in the prohibition or material delay in the consummation of the transactions contemplated by this Agreement, excluding (in each case) matters that are generally industry-wide deve...
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Imbalance Payable means an account payable for an Imbalance owed by an LLC to a Third Person. "Imbalance Receivable" shall mean an account receivable for an Imbalance owed by a Third Person to an LLC. "Indemnified Party" or "Indemnitee" shall have the meaning given such term in Section 10.4(a).
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Imbalance Payable means an account payable for an Imbalance owed by an LLC to a Third Person.
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Imbalance Payable means that quantity of gas owed by Seller under service agreements with respect to the Assets, as defined in Section 2.02 below, as of the Effective Date.
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Imbalance Payable means the value of any volumetric imbalance owed by Sellers to any Affiliate of Buyer as of the Effective Time based upon 99% of the Houston Ship Channel Index as of the Effective Time less $.025/MMBtu.
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Related to Imbalance Payable

  • Imbalance Energy means the amount of energy in MWh, in any given Settlement Period or Settlement Interval, by which the amount of Facility Energy deviates from the amount of Scheduled Energy.

  • 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.

  • 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.

  • 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.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

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

  • Unrecovered Initial Unit Price means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of such Units.

  • Excess valuation assets for a valuation period means:

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

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of the Stated Amount per Purchase Contract.

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

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Material Gas Imbalance means, with respect to all Gas Balancing Agreements to which the Borrower or any other Credit Party is a party or by which any Oil and Gas Property owned by the Borrower or another Credit Party is bound, a net overproduced gas imbalance to the Borrower and the other Credit Parties, taken as a whole, in excess of 110,000 Mcf.

  • Trade Payables means, with respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors created, assumed or Guaranteed by such Person or any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods or services.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Intercompany Payables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are payable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) to the Bank, the Company or its other Subsidiaries.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other similar interests that constitute a burden on, and are measured by or are payable out of, the production of Hydrocarbons or the proceeds realized from the sale or other disposition thereof (including any amounts payable to publicly traded royalty trusts), but excluding Taxes and assessments of Governmental Entities.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Off-Balance Sheet Obligation means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment) or (c) an agreement for the sale of receivables or like assets creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, could be characterized as the indebtedness of such Person (without regard to accounting treatment).

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Off-Balance Sheet Obligations means liabilities and obligations of the Borrower, any Subsidiary or any other Person in respect of “off-balance sheet arrangements” (as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act) which the Borrower would be required to disclose in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of the Borrower’s report on Form 10-Q or Form 10-K (or their equivalents) which the Borrower is required to file with the Securities and Exchange Commission (or any Governmental Authority substituted therefor).