Imbalance Volume definition

Imbalance Volume means the adjustment of the volume of Gas to be delivered by Seller and received by Buyer hereunder to correct for Incidental Deviations. For accounting purposes, Imbalance Volumes shall be deemed to apply only to the Firm Daily Contract Quantity of Gas.
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Imbalance Volume has the meaning ascribed thereto in Section 13;
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Imbalance Volume means the adjustment of the volume of Gas to be delivered by Seller and received by Buyer hereunder to correct for previous Incidental Deviations.
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Examples of Imbalance Volume in a sentence

  • The gas controllers will make reasonable efforts to reduce any Imbalance Volume to zero by the end of each Month.

  • Notwithstanding a Party’s responsibility for any imbalance according to the foregoing, the provisions for Commodity Price Adjustment for each Component Imbalance Volume during the Delivery Period shall apply.

Related to Imbalance Volume

  • Runoff volume means the volume of water that runs off the land development project from a

  • 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.

  • Service Volume means a measure of Services for which a Performance Target is set.

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

  • Meet-Point Billing (MPB) means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.