Common use of Monthly Allocation Clause in Contracts

Monthly Allocation. By the fifth Business Day of each Gas Month DESFA shall communicate to Gastrade: (a) the Allocated Quantity of each Pair of Shippers at the Entry Point for each Gas Day in the previous Gas Month, using the most up-to-date information available at that time; (b) for each Gas Day in the previous Gas Month, (i) the sum of the Allocated Quantities, (ii) the Measured Quantity and (iv) the difference between the value in (i) and the value in (ii); and (c) the closing OBA Balance for each Gas Day of the previous Gas Month. This communication shall be sent using the appropriate message, using the form in Annex 4(b) (Allocation Report). DESFA will also inform Gastrade if any Proportional Allocation Event occurred in the previous Gas Month and its effect on the OBA Balance. If, notwithstanding this allocation regime, either of the Parties notices any inconsistency in the Allocated Quantities, the relevant Party will contact the other Party in order to confirm the reason for the discrepancy and agree on the revision of the Allocation Protocol.

Monthly Allocation. By the fifth Business Day of each Gas Month DESFA shall communicate to Gastrade: (a) the Allocated Quantity of each Pair of Shippers at the Entry Point for each Gas Day in the previous Gas Month, using the most up-to-date information available at that time; (b) for each Gas Day in the previous Gas Month, (i) the sum of the Allocated Quantities, (ii) the Measured Quantity and (iv) the difference between the value in (i) and the value in (ii); and (c) the closing OBA Balance for each Gas Day of the previous Gas Month. This communication shall be sent using the appropriate message, using the form in Annex 4(bError! Reference source not found.(b) (Allocation Report). DESFA will also inform Gastrade if any Proportional Allocation Event occurred in the previous Gas Month and its effect on the OBA Balance. If, notwithstanding this allocation regime, either of the Parties notices any inconsistency in the Allocated Quantities, the relevant Party will contact the other Party in order to confirm the reason for the discrepancy and agree on the revision of the Allocation Protocol.