OFO Tolerance Band definition

OFO Tolerance Band is a daily tolerance band specified by the LDC or pipeline during an OFO in which Buyer will use to assess any OFO Charge to Seller in accordance with Section 3.3(g).

Examples of OFO Tolerance Band in a sentence

  • During such OFO issuance, the LDC or Gas pipeline will specify an OFO Tolerance Band and associated OFO Noncompliance Rate that applies during cases when such OFO Tolerance Band is exceeded.

  • If an OFO is issued for a given day by the Facility’s LDC or Gas pipeline during the Delivery Term, Seller will be assessed an OFO Charge by Buyer if Daily Actual Gas when compared to Daily Qualified Gas, as determined in Section 3.3(f), and Additional Gas (if any) exceeds the applicable OFO Tolerance Band specified for the day as set forth below.

Related to OFO Tolerance Band

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