Examples of OBA Party in a sentence
Such OBAs shall specify the Gas custody transfer procedures to be followed by Transporter and the OBA Party for the confirmation of scheduled quantities to be received by Transporter at Receipt Point(s) and delivered by Transporter at Delivery Point(s).
For the purposes of minimizing operational conflicts between various Gas facilities with respect to the delivery of Gas to and from Transporter's facilities, Transporter shall negotiate and execute OBAs with appropriate parties that operate Gas facilities interconnecting with Transporter's system (any such party shall be referred to herein as the "OBA Party").
At the commencement of the OBA the Interconnected Party shall become an OBA Party in respect of that Receipt Point, and shall comply with all provisions of this Agreement and the Code that apply to an OBA Party (including the Primary Balancing Obligation).
This also supports the fact that the cultivation of NTFPs in agroforestry plots is a better option to ensure resource availability and enrich smallholders [Dupuy, 2015].
The contract imbalance for an OBA Party shall be subject to resolution pursuant to the applicable terms and conditions of the OBA, but would generally be based on the difference between total actual quantities of gas received or delivered through the affected meter and the total aggregated confirmed nomination quantities for that meter, which shall be used as the actual quantities of gas received or delivered for purposes of Section 11.1(b) below.
At the commencement of the OBA: that Delivery Point will become an Individual Delivery Point; and the Interconnected Party shall be an OBA Party in respect of that Delivery Point, and shall comply with all provisions of this Agreement and the Code that apply to an OBA Party (including the Primary Balancing Obligation).
Where it is an OBA Party, an AIP shall not relieve the Interconnected Party of its obligations to: manage Shippers’ Nominated Quantities in accordance with the Code; and comply with its Primary Balancing Obligation.
To the extent Customer is utilizing service provided at a meter with an OBA Party, Customer's confirmed nomination quantities at that meter will be used as the actual quantity for purposes of calculating the imbalance level in accordance with Section 11.1(b) below.
To facilitate such determination of variances on a timely basis, Transporter and the OBA Party will agree in the OBA on necessary measurement and accounting procedures.
An OBA Party that trades an imbalance resulting from actual deliveries by Pipeline that are less than scheduled deliveries (due OBA Party) shall be assessed a transportation imbalance credit.