Operational Balancing Agreement definition

Operational Balancing Agreement or “OBA” means a Primary Allocation Agreement which operates by the principles that:

Operational Balancing Agreement or “OBA” shall mean the contractual arrangements between BBL Company and an NNO in which they agree that, subject to certain conditions and within certain limits, the quantities Properly Nominated will be allocated to the respective BBL-Shipper and differences between the sum of all Confirmations and the measured volumes which are attributable to operational constraints on the network operators, may be allocated to a balancing account of the network operators.

Operational Balancing Agreement or "OBA" means a contract between two parties which specifies the procedures to manage operating variances at an interconnect.

Examples of Operational Balancing Agreement in a sentence

• Any physical receipt point located on Pipeline's system ("TTT Point"), provided that the point is covered by an active Operational Balancing Agreement, can be utilized for the nomination of TTT service.

• In case of any conflict between the provisions of a Grid Connection Agreement and/or an Operational Balancing Agreement and these Conditions, these Conditions will prevail unless explicitly agreed otherwise.

• The calculation of the monthly Shipper imbalances shall depend upon whether there is an Operational Balancing Agreement in effect at the delivery point(s).

• Where an Operational Balancing Agreement is not in effect, monthly imbalances under an Agreement shall be calculated each Month by comparing actual measured volumes delivered during the Month to actual net measured volumes received (with the appropriate deduction for Gas Unaccounted For during that Month on the basis of Equivalent Volumes.

• Where an Operational Balancing Agreement is in effect, monthly Shipper imbalances under an Agreement shall be calculated each Month by comparing the volumes scheduled for the Month to actual receipts during that Month.

More Definitions of Operational Balancing Agreement

Operational Balancing Agreement means an agreement between Pipeline and an OBA Party that specifies the procedures to manage variances between scheduled quantities and actual quantities at an interconnection between the parties.

Operational Balancing Agreement or “OBA” means an agreement between SGRM and another pipeline operator which specifies the procedures to manage operating variances at an interconnect.

Operational Balancing Agreement or “OBA” means the terms and conditions for the resolution of Gas imbalances incurred on a specific Gas transportation system.

Operational Balancing Agreement. ("OBA") shall mean an agreement

Operational Balancing Agreement and “OBA” has the meaning set forth in Section 2.11(B).

Operational Balancing Agreement or “OBA” means an agreement executed between Transporter and an Interconnecting Party which specifies the procedures to manage and resolve operating variances at an interconnect.

Operational Balancing Agreement. ("OBA") shall mean a contract between two parties that specifies the procedures to manage operating variances at an interconnect between the two parties.