PAL Service Agreement definition

PAL Service Agreement means an agreement, in the form contained in this Tariff, for Park and Loan service pursuant to Rate Schedule PAL under which Term PAL or Auto PAL service options may be rendered within the ACE Hub.
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Examples of PAL Service Agreement in a sentence

  • Section 8.6 of Rate Schedule PAL provides that parked quantities of gas shall become the property of PennEast when: 1) a customer fails to comply with notifications that receipts of parked quantities are to be suspended or reduced; 2) a customer fails to comply with notifications that customer’s parked quantities must be removed; or 3) a PAL account reflects a balance at the termination date of a PAL Service Agreement.

  • For Auto PAL service, both parking and lending service will be specified in the Master Auto PAL Service Agreement.

  • A Shipper that fails to achieve an IMS Account Balance Quantity of zero may elect to enter into a parking or loaning transaction with Transporter pursuant to Rate Schedule PAL and transfer Shipper's IMS Account Balance Quantity to an Account Balance under a PAL Service Agreement.

  • Any Transaction Confirmation Sheet will be subject to the Master PAL Service Agreement between Transporter and Shipper.

  • The rates in this Rate Schedule are subject to change pursuant to Section 6.22 of Transporter’s General Terms and Conditions and the PAL Service Agreement.

  • Xxxxxxx has requested Transporter to provide Park and Loan (PAL) Services and Transporter represents that it is willing to provide such PAL Services under the terms and conditions of this PAL Service Agreement.

  • The credit risk on liquid funds is limited because majority of the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

  • This Rate Schedule is available to any person, corporation, partnership or any other party (hereinafter referred to as "Customer") for the purchase of parking and lending service from Honeoye Storage Corporation (hereinafter referred to as "Seller"), when Seller has determined, on a non-discriminatory basis, that it has the existing capacity and operational flexibility to provide service under this Rate Schedule and Customer and Seller have executed a PAL Service Agreement .

  • Individual Park and/or Loan Services provided under this rate schedule shall be provided for a minimum of one (1) Day or such longer period as agreed to by Customer and Algonquin, as specified in Exhibit(s) A to the Customer's PAL Service Agreement.

  • The PAL Service Agreement shall have a mutually agreeable term that shall not be less than one day.

Related to PAL Service Agreement

  • Service Agreement means the initial agreement and any amendments or supplements thereto entered into by the Transmission Customer and the Transmission Provider for service under the Tariff.

  • Interconnection Service Agreement means an agreement among the Transmission Provider, an Interconnection Customer and an Interconnected Transmission Owner regarding interconnection under Tariff, Part IV and Tariff, Part VI.

  • Construction Service Agreement means either an Interconnection Construction Service Agreement or an Upgrade Construction Service Agreement.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;