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" means a contract between two parties which specifies the procedures to manage operating variances at an interconnect.

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.

Examples of Operational Balancing Agreement in a sentence

• Operational Balancing Agreement The Interconnected Party may determine that an OBA will apply at a Delivery Point, provided that it must give First Gas and all Shippers using that Delivery Point not less than 40 Business Days’ notice in writing before the OBA may commence.

• Any imbalance that arises under this Agreement as between NEXUS and Customer on the one hand and Vector Canada on the other shall be accounted for and resolved by NEXUS pursuant to and in accordance with Section 9 of the General Terms and Conditions of the Vector Canada Tariff, and/or any applicable Operational Balancing Agreement in effect from time to time between NEXUS and Vector Canada.

• Allocation Agreement At each Dedicated Delivery Point which is the subject of this Agreement (other than where an Operational Balancing Agreement (OBA) applies) there shall be an Allocation Agreement, irrespective of the number of Shippers using that Dedicated Delivery Point.

• Such facilities, which include all facilities and equipment necessary for receipt of Interconnector’s Gas, shall permit Gas to be delivered by Interconnector to SoCalGas pursuant to the California Producer Interconnection Agreement (“CPIA”) and California Producer Operational Balancing Agreement (“CPOBA”) between the Parties dated [date], for the account of itself or its affiliates or third parties for transport on SoCalGas’ pipeline system in California.

• Allocation and Operational Balancing Agreement Gas is allocated at each Entry and Exit Point on an hourly basis.

More Definitions of Operational Balancing Agreement

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

Operational Balancing Agreement. ("OBA") means a contract between Transporter and the entity ("OBA Party") operating the facilities at a point(s) of interconnection with Transporter's system which describes the manner in which differences between actual flows and nominated quantities will be resolved between Transporter and the OBA Party.