Operational Balancing Account definition

Operational Balancing Account means an account between adjacent transmission system operators, to be used to manage steering differences at an interconnection point in order to simplify gas accounting for network users involved at the interconnection point;
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Operational Balancing Account means an account between the Parties, to be used to manage steering differences at the IP and which will be operated in accordance with [Allocation Section].
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Operational Balancing Account or “OBA” shall mean an account, to be used to manage steering differences between the TARGETED VALUE for the GCP and the actual GAS FLOW at the GCP in order to simplify gas accounting for Shippers involved at the GCP.
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Examples of Operational Balancing Account in a sentence

  • For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to Xxxxxxx's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.

  • The Parties agree to the establishment and operation of an Operational Balancing Account at the Entry Point.


More Definitions of Operational Balancing Account

Operational Balancing Account means an arrangement (forming part of the Interconnection Agreement) between National Grid NTS and the Adjacent TSO pursuant to which (except on Non-OBA Days) Steering Differences are managed operationally between the TSOs and the quantity of gas comprising the Cumulative Steering Difference is treated as borrowed by one TSO from the other TSO;
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Operational Balancing Account or “OBA” means the account between the Matching Operator and Initiating Operator, to be used to manage Steering Differences at the Entry Point in order to simplify gas accounting for Shippers involved at the Entry Point, in accordance to Article 4
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Operational Balancing Account. (OBA”) Shall mean an account between the Parties to which differences between aggregated Confirmed Quantities and Metered Quantities (also known as the steering differences) at the IP Faxe shall be continually credited or debited (in the cumulative quantity).
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Operational Balancing Account means an account between two adjacent TSOs, to be used to manage steering differences at an IP in order to facilitate the allocation of gas to Network Users in accordance with Confirmed Quantities
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Related to Operational Balancing Account

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.