Imbalance Rate definition

Imbalance Rate means for Class FH1 Service, the Authorised Overrun Rate multiplied by 2 and as at 1 July 1997 means the rate specified for that Class of Transportation Service in Schedule 2.

Imbalance Rate means 250% of the Reference Charge for a Special Contract Transportation Service payable by the User on the final Day of M3 (as described clause 18 of Schedule 3).

Imbalance Rate means the Positive Imbalance Rate and the Negative Imbalance Rate and shall be as specified in Annexure 1 of this Agreement.

Examples of Imbalance Rate in a sentence

• Service Provider may charge the User an Imbalance Charge for each Day on which an Imbalance, the absolute value of which exceeds the Imbalance Allowance, occurs, calculated by multiplying the Imbalance Rate by the amount which the aggregate of the absolute value of Unauthorised Imbalances for a Day exceed the Imbalance Allowance for a Day.

• Authorised Overrun Rate: 120% of the Long Term Firm Reference Tariff Unauthorised Overrun Rate: 250% of the Long Term Firm Reference Tariff Imbalance Rate: 250% of the Long Term Firm Reference TariffImbalance Allowance: 5% (either positive or negative) of the sum ofthe MDQ for all Delivery PointsDaily Variance Rate: 250% of the Long Term Firm Reference TariffDaily Variance Allowance: 5% (either positive or negative) of the MDQ forthe applicable Delivery Point or Receipt Point Notes on Tariffs:1.

• The Shipper must pay an Excess Imbalance Charge at the Excess Imbalance Rate for each GJ of Gas in excess of the Shipper's Accumulated Imbalance Limit up to the Outer Accumulated Imbalance Limit in accordance with clause 20 in respect of each Gas Day the absolute value of the Shipper's Accumulated Imbalance exceeds the Shipper's Accumulated Imbalance Limit until the absolute value of the Shipper's Accumulated Imbalance is less than, or closer to the Accumulated Imbalance Limit (as the Operator sees fit).

• For a non- creditworthy existing Customer, a security amount equal to such Customer's largest monthly imbalance owed to Gulf Crossing over the most recent 12 month period multiplied by the Estimated Imbalance Rate.

• The term "Estimated Imbalance Rate" shall equal the average of the NYMEX future prices for the available 12 month period as such prices close on the Day the Estimated Imbalance Rate is determined.

More Definitions of Imbalance Rate

Imbalance Rate means 250% of the Capacity Reference Tariff payable by the

Imbalance Rate. (i) when used with respect to Imbalances arising under the Contracts set forth on Schedule 10.1.8, the Historical Monthly Price or the Final Month Price, as applicable, as indicated for such Contract under the heading “Price Basis” and (ii) when used with respect to Imbalances arising under any other Contract, the Final Month Price. HOUSTON 1139976v.13

Imbalance Rate means 250% of the Pipeline Tariff or the Interruptible Tariff payable by the User on the final Day of M3 (as described in Schedule 2, Part 2).

Imbalance Rate has the meaning set forth on Schedule 12.7. HOUSTON 1151220v.11

Imbalance Rate means for Class FH1 Service, the Authorised Overrun Rate multiplied by 2 and as at 1 July 1997Transportation Service in Schedule 2.

Imbalance Rate means in any Quarter, that rate obtained by adjusting $0.566/GJ at 1 July 1994 pursuant to section 1.8.

Imbalance Rate means 250% of the Throughput Rate payable by the User on the final Day of M3 (as described in paragraph (b) of Part 2 of Schedule 2).