Pipeline Imbalances definition

Pipeline Imbalances has the meaning set forth in Section 13.5.
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Pipeline Imbalances means net amounts, in cash or in kind, either due to or owed from (i) the Companies' or any Subsidiaries' customers for over-deliveries or under-deliveries pursuant to any gas sale or purchase transaction, or (ii) any interstate or intrastate pipeline company, or any local distribution company for over-deliveries or under-deliveries of natural gas pursuant to the applicable tariff or procedures and regulations of the respective company.
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Pipeline Imbalances has the meaning set forth in Section 13.5. “Post Closing Statement” has the meaning set forth in Section 11.3.
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Examples of Pipeline Imbalances in a sentence

  • All of the oil, natural gas, condensate, casinghead gas, products or other minerals, attributable or allocable to the Interests or ▇▇▇▇▇ (i) from and after the Effective Time or (ii) which are in storage above the pipeline connection as of the Effective Time, or (iii) with regard to any over-produced or under-produced volumes of Seller attributable to the Assumed Imbalances and Pipeline Imbalances (the “Hydrocarbons”).

  • Buyer shall be solely responsible for any liability and solely entitled to any benefit from such Pipeline Imbalances relating to the Assets from and after the Effective Time; provided, that Buyer shall not be liable for any penalties or surcharges payable to the pipeline transport for periods prior to the Effective Time.

  • Except as set forth on Section 4.28 of the Yuma Disclosure Schedule, there are no material Well Imbalances or material Pipeline Imbalances, in each case, associated with the Yuma Oil and Gas Properties as of the date hereof.

  • All of the oil, natural gas, condensate, casinghead gas, products, or other minerals (“Hydrocarbons”), produced from, attributable or allocable to the Interests or ▇▇▇▇▇ (i) from and after the Effective Time, (ii) which are in storage as of the Effective Time, (iii) with regard to any over-produced or under-produced volumes of Seller attributable to the Assumed Imbalances and Pipeline Imbalances or (iv) make-up rights with respect to take or pay payments.

  • Except as set forth in Schedule 4.20, there are no Pipeline Imbalances in excess of $25,000 that have arisen in connection with the business operations of the Company and its Subsidiary.

  • Except as set forth on Schedule 5.17, to Seller’s Knowledge, there are no Well Imbalances or Pipeline Imbalances, in each case, associated with the Company Assets as of the Effective Time.

  • Except as set forth on Section 5.24 of the Company Disclosure Schedule, there are no material Well Imbalances or material Pipeline Imbalances, in each case, associated with the Company Oil and Gas Properties as of the date hereof.

  • All of the oil, natural gas, condensate, casinghead gas, products, or other minerals (“Hydrocarbons”), attributable or allocable to the Interests or ▇▇▇▇▇ (i) from and after the Effective Time, or (ii) which are in storage as of the Effective Time, (iii) with regard to any over-produced or under-produced volumes of Seller attributable to the Assumed Imbalances and Pipeline Imbalances or (iv) make-up rights with respect to take or pay payments.

  • There are no Well Imbalances and no material Pipeline Imbalances, in each case, associated with the Conveyed Interests as of the Effective Time.

  • Buyer shall assume Unocal's Pipeline Imbalances position with respect to Hydrocarbons shipped through the Pipeline Assets as of the Effective Date.

Related to Pipeline Imbalances

  • Imbalances means over-production or under-production or over-delivery or under-delivery with respect to Hydrocarbons produced from the Properties, regardless of whether the same arise at the wellhead, pipeline, gathering system, transportation system, processing plant, or any other location, including any imbalances under gas balancing or similar agreements, production handling agreements, processing agreements, and/or gathering or transportation agreements.

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other burdens upon, measured by or payable out of oil, gas or mineral production.

  • Imbalance Energy means the amount of energy in MWh, in any given Settlement Period or Settlement Interval, by which the amount of Facility Energy deviates from the amount of Scheduled Energy.

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.