Imbalance Resolution Sample Clauses
The Imbalance Resolution clause establishes procedures for addressing situations where there is a discrepancy between the agreed-upon and actual delivery or receipt of goods, services, or resources. Typically, this clause outlines how parties will identify, quantify, and rectify any imbalances, such as through financial adjustments, replacement deliveries, or other corrective measures. Its core function is to ensure that any unintended differences are promptly and fairly resolved, thereby maintaining contractual balance and minimizing disputes.
Imbalance Resolution. Gatherer and Producers shall keep accurate records of the quantities of Producers’ Gas and MV Mitigation Gas nominated, confirmed, allocated, and redelivered from the ▇▇▇▇▇▇▇ Receipt Points to the ▇▇▇▇▇▇▇ Delivery Points and any Imbalance related thereto. Monthly imbalances shall be added/subtracted to/from the cumulative imbalance from the previous Month and the newly calculated Imbalance position will be considered in the subsequent months’ nominations to bring said Imbalance position as close to zero as practicable.
Imbalance Resolution. 24 11.1 Generally . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 11.2
Imbalance Resolution. If for any Month the Delivery Quantity is greater than the Receipt Quantity, then Shipper shall be deemed to be “Underdelivered” for such Month. If for any Month the Delivery Quantity is less than the Receipt Quantity, then Shipper shall be deemed to be “Overdelivered” for such Month. Overdelivered Imbalances for a Month will be cashed out at a price equal to the applicable Cashout Percentage set forth in Table A below multiplied by the Cashout Price for such Month according to the following table: >0% but £ 5% 100 % >5% but £ 10% 90 % >10% but £ 15% 85 % >15% but £ 20% 80 % > 20% 75 % Underdelivered Imbalances for a Month will be cashed out at a price equal to the applicable Cashout Percentage set forth in Table B below multiplied by the Cashout Price for such Month according to the following table: >0% but £ 5% 100 % >5% but £ 10% 110 % >10% but £ 15% 115 % >15% but £ 20% 120 % >20% 125 %
Imbalance Resolution. X.1 Seller agrees that gas will be delivered as nearly as practicable at a relatively constant daily rate over the month, but each party shall be entitled to operate within the tolerances specified in the effective filed gas tariff of the First Transporter.
X.2 The parties recognize that imbalances may occur on the First Transporter. Accordingly, Buyer and Seller agree to make every reasonable effort to promptly clear such imbalances, with primary responsibility placed on the party which is the shipper under the transportation agreement with the First Transporter. Further, the party without a transportation agreement with the transporter ("Non-Shipper") agrees to provide reasonable cooperation with the Shipper in its efforts to clear any imbalance. (Where Buyer is not a shipper but instead resells to the shipper, Buyer shall be deemed a "Shipper" for purposes of this Agreement.) ******************************************** Information has been omitted pursuant to a confidential treatment request filed with the Commission. ********************************************
Imbalance Resolution