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OBA Party definition

OBA Party means the party that operates natural gas facilities which interconnect with Pipeline's facilities and who has executed an Operational Balancing Agreement with Pipeline.
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OBA Party means the entity that has executed an Operational Balancing Agreement with Transporter.
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OBA Party means the entity that has executed an OBA with Transporter.
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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).

  • The contract imbalance for an OBA Party shall 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 5.2(C) 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).

  • 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.

  • 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.

  • The transportation imbalance charge and transportation imbalance credit shall be calculated by multiplying the traded quantity by the actual weighted average Usage Charge owed on all quantities of Gas delivered during the Month to that OBA Party.


More Definitions of OBA Party

OBA Party means the entity that has executed an
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OBA Party means the entity that has executed an Operational Balancing Agreement with Trunkline.
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OBA Party means the party with whom Transporter has entered into an Operational Balancing Agreement.
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OBA Party means any party to an OBA with Pipeline.
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Related to OBA Party

  • of a Party means any corporation or other business entity controlled by, controlling or under common control with, such Party. For this purpose "control" shall mean direct or indirect beneficial ownership of more than fifty percent (50%) of the voting securities or income interest in such corporation or other business, or if not meeting the preceding requirements, any company owned or controlled by or owning or controlling such Party at the maximum control or ownership right permitted in the country where such company exists.

  • FOIA Party means a Person that, in the reasonable determination of the Board of Directors, may be subject to, and thereby required to disclose non-public information furnished by or relating to the Company under, the Freedom of Information Act, 5 U.S.C. 552 (“FOIA”), any state public records access law, any state or other jurisdiction’s laws similar in intent or effect to FOIA, or any other similar statutory or regulatory requirement.

  • Third-Party Lender means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit or an Originating Affiliate pursuant to an Auto Loan Purchase and Sale Agreement.

  • Third Party Agent means any provider of services to the Client (other than the Custodian, a Subcustodian or Delegate under this Agreement) including any Investment Manager, adviser or sub-advisor, distributor, broker, dealer, transfer agent, administrator, accounting agent, audit firm, tax firm, or law firm.

  • Supplying Party shall have the meaning stated in Section 35.8.2.

  • Recipient Party means the Party which receives Confidential Information from the other Party.

  • Participating Party means an enterprise or public body that has committed itself to reaching certain objectives under a voluntary agreement, or is covered by a national regulatory policy instrument;

  • BMS means the Company, all related companies, affiliates, subsidiaries, parents, successors, assigns and all organizations acquired by the foregoing.

  • Pfizer means Pfizer Inc.

  • Lender Recipient Party means collectively, the Lenders, the Swing Line Lender and the L/C Issuer.

  • Contracting Party shall have the meaning designated in the preamble to Section 5.2 hereof.

  • Providing Party has the meaning set forth in Section 11.

  • Novartis shall have the meaning set forth in the Preamble.

  • Other Party shall have the meaning set forth in Section 2.9(a).

  • Issuing Party has the meaning set forth in Section 8.2.2 (Review).

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Licensee means a person licensed under this chapter.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Third Party Manufacturer means any person, firm or company which carries out the reproduction of Work and/or manufactures and/or prints the Licensed Publication on behalf of the Licensee;

  • Licensor means the copyright owner or entity authorized by the copyright owner that is granting the License.

  • Lending Party means a third party that is not Company or an affiliate of Company that Dealer considers to be an acceptable counterparty (acting in good faith and in a reasonable manner in light of (x) other transactions that Dealer (or its agent or affiliate) may have entered into with such party and (y) any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements or related policies and procedures are imposed by law or have been voluntarily adopted by Dealer) that apply generally to transactions of a nature and kind similar to the transactions contemplated with such party).

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • Programme Party means a party to a Programme Document (other than the Issuer and ETP Securityholders).

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • U.S. Loan Party means any Loan Party that is organized under the laws of one of the states of the United States of America and that is not a CFC.

  • Selling Lender has the meaning specified in Section 11.7 (

Most Referenced Clauses

Most Referenced Definitions