Overrun Charge definition

Overrun Charge means a charge payable by a Storage User for having a Working Gas Balance below zero (0) or exceeding its Maximum Working Gas Volume. The amounts of such Overrun Charges are set out in GT&C Appendix III.
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Overrun Charge means an Entry Capacity Overrun Charge or Exit Capacity Overrun Charge or Sub-Sea I/C Offtake Capacity Overrun Charge or Supply Point Capacity Overrun Charge (as the case may be);
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Overrun Charge has the meaning given in clause 11.1(a).
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Examples of Overrun Charge in a sentence

  • In addition to any charge payable under clause 11.1, if the Shipper does not comply, or procure compliance, with an Unavailability Notice in accordance with clause 11.4, the Shipper must pay, in accordance with clause 20, an Unavailable Overrun Charge at the Unavailable Overrun Rate for each GJ of Gas taken by the Shipper in excess of the quantity of Overrun Gas specified in the Unavailability Notice as being available to the Shipper.

  • The User must pay an Overrun Charge for Overruns at a Delivery Point, except to the extent that Service Provider solely caused the Overrun without the prior approval of the User.

  • The applicable Overrun Charge per Dth of gas actually delivered on any Day during the Month in excess of Shipper's Transportation Demand.

  • Said charge is pursuant to the following formula: Contract Demand Overrun Charge = MW x 300% x DC where: MW = MW of metered Demand in excess of the Contract Demand; DC = Demand Charge.

  • Any Overrun Charge, Imbalance Charge or Daily Variance Charge is payable in addition to, and not substitution for, any other charge payable by the User and does not affect the MDQ specified in the Transportation Agreement.


More Definitions of Overrun Charge

Overrun Charge has the meaning given in clause 5.5.
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Overrun Charge means the charge payable by the User for an Overrun Service in accordance with section 1.3.7.
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Overrun Charge means the fee which is to be paid on a Monthly basis and which is the product of (a) the applicable Overrun Rate times (b) the peak quantity of Customer Inventory at any time during a Month in excess of Customer’s Capacity Demand.
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Overrun Charge means a charge for an Overrun Service provided as part of Service A1 and calculated in accordance with clause 8 of Schedule 1 of this Service Agreement.
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Overrun Charge means a charge for an Overrun Service calculated in accordance with:
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Overrun Charge means a charge to be incurred by the wholesale supplier, bulk customer or distribution company in respect of the utilization of capacity at a specific entry or exit point in excess of its allocation for a specific period;
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Overrun Charge means the charge determined by First Gas, and payable by the Interconnected Party in respect of any Delivery Point at which an OBA applies, pursuant to section 11 of the Code7; Party means each of First Gas and the Interconnected Party and Parties means them collectively; Physical MHQ means the Hourly energy quantity corresponding to the Maximum Design Flow Rate of a Delivery Point, as set out in Schedule One; Pipeline means: , in relation to : First Gas, that partthose parts of the high-pressure Gas Transmission System ownedused to transport Gas to a Delivery Point; and operated by First Gas to which a Delivery Point is connected; and in relation to the Interconnected Party, any pipeline owned and/or controlled by the Interconnectedthat Party that is connected to First Gas’ Pipeline at a Delivery Point and which: conveys Gas taken at a Delivery Point to an End-user; or
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