Imbalance and Balancing Sample Clauses

Imbalance and Balancing. If the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s), after subtracting Gathering Fuel and any Plant Fuel and Shrink, do not equal Shipper’s Scheduled Nomination(s), an “Imbalance” exists. If the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s), after subtracting Gathering Fuel and any Plant Fuel and Shrink, are less than Shipper’s Scheduled Nomination(s), a “Positive Imbalance” exists. If the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s), after subtracting Gathering Fuel and any Plant Fuel and Shrink, are greater than Shipper’s Scheduled Nomination(s), a “Negative Imbalance” exists. The term “Balance” or “Balancing” refers to equalizing the number of Dth of Shipper’s Gas received by LMM at the Receipt Point(s) with the number of Dth constituting Shipper’s Scheduled Nomination(s) plus Gathering Fuel and any Plant Fuel and Shrink.
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Imbalance and Balancing. If the number of MMBtus of Xxxxxxx’s Gas received by Xxxxxxxx at the Receipt Point(s), after subtracting Gathering Fuel, Basic Processing Plant Fuel, Cryogenic Processing Plant Fuel, and Shrink, do not equal Xxxxxxx’s Confirmed Nomination(s), an “Imbalance” exists. If the number of MMBtus of Xxxxxxx’s Gas received by Xxxxxxxx at the Receipt Point(s), after subtracting Gathering Fuel, Basic Processing Plant Fuel, Cryogenic Processing Plant Fuel, and Shrink, are less than Shipper’s Confirmed Nomination(s), a “Positive Imbalance” exists. If the number of MMBtus of Xxxxxxx’s Gas received by Xxxxxxxx at the Receipt Point(s), after subtracting Gathering Fuel, Basic Processing Plant Fuel, Cryogenic Processing Plant Fuel, and Shrink, are greater than Shipper’s Confirmed Nomination(s), a “Negative Imbalance” exists. The term “Balance” or “Balancing” refers to equalizing the number of MMBtus of Shipper’s Gas received by Xxxxxxxx at the Receipt Point(s) with the number of MMBtus constituting Shipper’s Confirmed Nomination(s) plus Gathering Fuel, Basic Processing Plant Fuel, Cryogenic Processing Plant Fuel, and Shrink.
Sample 1

Related to Imbalance and Balancing

  • Imbalances The parties hereto recognize that with respect to Section 2.01, on any Day, receipts of gas by Union and deliveries of gas by Union may not always be exactly equal, but each party shall cooperate with the other in order to balance as nearly as possible the quantities transacted on a daily basis, and any imbalances arising shall be allocated to the Facilitating Agreements and shall be subject to the respective terms and charges contained therein, and shall be resolved in a timely manner.

  • Gas Imbalances As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

  • Balancing Full load hours for combined assignments other than those specified above shall be determined by the following formula: Hours of assignment, Type 1 + Hours of assignment, Type 2 + Hours of assignment, Type 3 = 1 Full load for assignment Full load for assignment Full load for assignment Type 1 Type 2 Type 3 Underload shall be balanced within the following three (3) regular semesters if possible. The faculty member may, at the member’s option, use load from summer sessions to balance an underload. To balance the underload, a unit member may be assigned to no more than two colleges, unless the unit member agrees to other arrangements. The maximum required assignment shall be 1.25 FTE per semester until the underload is eliminated.

  • Ameliorative Allocations Any special allocations of income or gain pursuant to Sections 5.05(b) or 5.05(c) hereof shall be taken into account in computing subsequent allocations pursuant to Section 5.04 and this Section 5.05(g), so that the net amount of any items so allocated and all other items allocated to each Partner shall, to the extent possible, be equal to the net amount that would have been allocated to each Partner if such allocations pursuant to Sections 5.05(b) or 5.05(c) had not occurred.

  • Cost Estimate An estimate of the total project cost including but not limited to direct expenses, indirect expenses, land cost, and capital expenses.

  • Price Schedule, Payment Terms and Billing, and Price Adjustments (a) Price Schedule: Price Schedule under this Contract is set forth in Exhibit B.

  • Cost Adjustments Both parties agree that contracted prices shall be fixed for the first 12 months of this Contract. Contractor must submit to District any proposed cost adjustments at least 60 days before the proposed effective date of such increases with a detailed explanation for each adjustment. District alone reserves the right to reject any changes to this Contract it deems unacceptable.

  • Cost Estimates If this Agreement pertains to the design of a public works project, CONSULTANT shall submit estimates of probable construction costs at each phase of design submittal. If the total estimated construction cost at any submittal exceeds ten percent (10%) of CITY’s stated construction budget, CONSULTANT shall make recommendations to CITY for aligning the PROJECT design with the budget, incorporate CITY approved recommendations, and revise the design to meet the Project budget, at no additional cost to CITY.

  • Price Adjustments for OGS Centralized Contracts Periodic price adjustments will occur no more than twice per year on a schedule to be established solely by OGS. Pricing offered shall be fixed for the first twelve (12) months of the Contract term. Such price increases will only apply to the OGS Centralized Contracts and shall not be applied retroactively to Authorized User Agreements or any Mini-bids already submitted to an Authorized User. Price Decreases Price decreases may be made at any time. Additionally, some price decreases shall be calculated in accordance with Appendix B, section 17, Pricing.

  • ESTIMATED / SPECIFIC QUANTITY CONTRACTS Estimated quantity contracts, also referred to as indefinite delivery / indefinite quantity contracts, are expressly agreed and understood to be made for only the quantities, if any, actually ordered during the Contract term. No guarantee of any quantity is implied or given. With respect to any specific quantity stated in the contract, the Commissioner reserves the right after award to order up to 20% more or less (rounded to the next highest whole number) than the specific quantities called for in the Contract. Notwithstanding the foregoing, the Commissioner may purchase greater or lesser percentages of Contract quantities should the Commissioner and Contractor so agree. Such agreement may include an equitable price adjustment.

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