Alliance Trading Pool Account Imbalances Sample Clauses

Alliance Trading Pool Account Imbalances each day, the sum of a shipper’s energy receipts into the Alliance Trading Pool, plus or minus any difference between nominated and common stream operator-allocated energy, plus or minus any title transfers, minus deliveries out of the Alliance Trading Pool, should equal zero. Any surplus or deficit constitutes an Alliance Trading Pool imbalance. Each shipper shall ensure on a daily basis that its Alliance Trading Pool account is within the acceptable tolerance. Under normal operating conditions, for contracts with a term of thirty-five (35) months or more, the acceptable level of tolerance for account imbalances will be a maximum of 4% of daily contracted capacity on receipts and 1% on deliveries. For contracts with a term of less than thirty-five (35) months, the acceptable imbalance tolerance level will be a maximum of 500 GJ’s. Failure by a shipper to keep its Alliance Trading Pool account within the acceptable tolerance will result in park and loan tolls, balancing fees, or curtailment of service in accordance with Transporter’s tariff;
Sample 1Sample 2
AutoNDA by SimpleDocs
Alliance Trading Pool Account Imbalances each day, the sum of a shipper’s energy receipts into the Alliance Trading Pool, plus or minus any difference between scheduled and common stream operator-allocated energy, plus or minus any title transfers, minus deliveries out of the Alliance Trading Pool, minus energy parked with or loaned from Transporter as part of Transporter’s term park and loan service, plus or minus variances created via scheduling confirmation cuts with respect to FFPS, FDS and FDS-IBR at the delivery point at the Canada-U.S. border, should equal zero. Any surplus or deficit constitutes an Alliance Trading Pool imbalance. Each shipper shall ensure on a daily basis that its Alliance Trading Pool account is within the acceptable tolerance. Under normal operating conditions, and unless otherwise determined by Transporter, for all transportation contracts, the acceptable level of tolerance for account imbalances will be a maximum of 4%. Failure by a shipper to keep its Alliance Trading Pool account within the acceptable tolerance on any given gas day, will result in balancing fees at the higher of: (a) $0.16/GJ per day; or (b) the highest term park and loan fee last awarded by Transporter. Alternatively, imbalances may result in Transporter’s adjustment of a shipper’s nomination in accordance with Transporter’s tariff. Term Park and Loan (TPAL) – subject to Transporter’s then prevailing pipeline operational conditions and the availability, in Transporter’s sole discretion, of park and loan capacity, shippers may enter into a Term Park and Loan (TPAL) agreement for a fixed term to facilitate the management by FRS Xxxx 0, XXX Xxxx 0, XXXX Xxxx 1, FFPS Zone 2, FDS, and FDS-IBR shippers of their Alliance Trading Pool account imbalances. TPAL is a biddable service with a floor toll of $0.00/GJ/day and a ceiling of $0.54/GJ/day. If a shipper fails to bring its cumulative Alliance Trading Pool imbalance to within its acceptable imbalance tolerance within five (5) gas days, the difference between the cumulative Alliance Trading Pool imbalance and its imbalance tolerance will be subject to a monetary settlement of any quantities of energy owed to or from Transporter (“Cash Out”), calculated as a percentage of the NGX AB-NIT index price, as follows, or if such NGX AB-NIT index price ceases to be available or is reasonably judged by Transporter to no longer represent a reasonable measure for use in calculation of Balancing Fees in accordance with this provision, then such replacement index as r...
Sample 1

Related to Alliance Trading Pool Account Imbalances

  • Accounts Carried as Clearing Broker The Customer understands that you are carrying the accounts of the Customer as clearing broker by arrangement with the Customer's Introducing Broker through whose courtesy the account of the Customer has been introduced to you. Until receipt from the Customer of written notice to the contrary, you may accept from and rely upon the Customer’s Introducing Broker for (a) orders for the purchase or sale in said account of securities and other property, and (b) any other instructions concerning the Customer's accounts. The Customer represents that the Customer understands that you act only to clear trades introduced by the Customer's Introducing Broker and to effect other back office functions for the Customer's introducing broker. The Customer confirms to you that the Customer is relying for any advice concerning the Customer's accounts solely on the Customer's Introducing Broker. The Customer understands that all representatives, employees and other agents with whom the Customer communicates concerning the Customer's account are agents of the Introducing Broker, and not your representatives, employees or other agents and the Customer will in no way hold you liable for any trading losses that the Customer may incur. The Customer understands that you are not a principal of or partner with, and do not control in any way, the Introducing Broker or its representatives, employees or other agents. The Customer understands that you will not review the Customer's accounts and will have no responsibility for trades made in the Customer's accounts. You shall not be responsible or liable for any acts or omissions of the Introducing Broker or its representatives, employees or other agents. Notwithstanding the foregoing, in the event that the Customer initiates a claim against you in your capacity as clearing broker and does not prevail, the Customer shall be responsible for the costs and expenses associated with your defense of such claim. The Customer understands you shall be entitled to exercise and enforce directly against the Customer all rights granted to the Introducing Broker.

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

  • Account Procedures and Records (a) Grantee shall establish for the Project one or more separate accounts that shall be approved by the Project Monitor. Said account or accounts shall be maintained within Grantee's existing accounting system or set up independently. Said account or accounts shall be referred to herein collectively as "the Project Account."

  • Interest Bearing Account If the Province provides Funds before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.

  • PJM E-Accounts Buyer and Seller shall work with PJM to establish any PJM E-Accounts necessary for Seller to provide Full Requirements Service. In a timely manner, Xxxxx shall establish PJM E-Account contract(s) for the entire duration of the Transaction(s) and Seller shall confirm the PJM E-Account contract(s) for the entire duration of the Transaction(s).

  • For Force Account or Indefinite Amount Change Order The payment and extension of time (if any) provided by this Change Order constitutes interim compensation to the Contractor and its Subcontractors and Suppliers for actual costs and markups directly and indirectly attributable to the Change Order herein, for all delays related thereto and for performance of changes within the time stated.

  • Forecast Accounts A copy of the latest Forecast Accounts including Balance Sheet and Profit and Loss Account with associated accounting policies and notes to the accounts for the year following the accounts submitted in 1 above.

  • Client Account 4.1 In order to facilitate trading in CFDs, the Company will open a Client Account for the Client, which will be activated upon the Client depositing the minimum initial deposit as determined by the Company in its discretion from time to time. The minimum initial deposit may vary according to the account type of the Client Account. This information is made available on our Website.

  • Accounts Excluded from Financial Accounts The following accounts are excluded from the definition of Financial Accounts and therefore shall not be treated as U.S. Reportable Accounts.

  • Client Accounts 17.1 It is agreed and understood that the types of the different Client Accounts offered by the Company and the characteristics of such Client Accounts are found on the Website and are subject to change at the Company’s discretion and according to paragraph 43 hereunder.

Time is Money Join Law Insider Premium to draft better contracts faster.