Operational Balancing Account Sample Clauses

Operational Balancing Account. 6.1 GTS and OGE shall continuously calculate the VIP-TTF-THE-L OBA. For the after-the-month-process, GTS shall calculate the accountable VIP TTF-THE-L OBA and provide these figures to OGE for final comparison, in order to have consistent accountable VIP TTF-THE-L OBA figures. The metering data of the previous month shall not be modified after the end of the current month minus two Business Days.
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Operational Balancing Account. 6.1 GTS and OGE will continuously calculate the OBA. For the after-the-month- process, GTS will calculate the accountable OBA and provide these figures to OGE for final comparison, in order to have consistent accountable OBA figures.
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Operational Balancing Account. 6.1 GTS and OGE will continuously calculate the VIP OBA. For the after-the-month- process, GTS will calculate the accountable VIP OBA and provide these figures to OGE for final comparison, in order to have consistent accountable VIP OBA figures.
Sample 1Sample 2
Operational Balancing Account. 4.6.1. The Parties undertake to put effort so as to maintain TBP as close as possible to zero, in order to ensure that the LR specified in paragraph 4.6.2 is not violated.
Sample 1Sample 2
Operational Balancing Account. GTS and OGE shall continuously calculate the VIP‑TTF‑THE‑L OBA. For the after-the-month-process, GTS shall calculate the accountable VIP TTF‑THE‑L OBA and provide these figures to OGE for final comparison, in order to have consistent accountable VIP TTF‑THE‑L OBA figures. The metering data of the previous month shall not be modified after the end of the current month minus two Business Days. The VIP TTF‑THE‑L OBA limit shall be the sum of the OBA limits of all the Interconnection Points. If the absolute value of the VIP TTF‑THE‑L OBA reaches the VIP TTF‑THE‑L OBA limit, GTS and OGE may agree to extend the VIP TTF‑THE‑L OBA limit in order to furthermore allocate steering differences to the VIP‑TTF‑THE‑L OBA and thus to provide allocations to shippers that are equal to their confirmed quantities. The extension of the VIP TTF‑THE‑L OBA limit shall be deemed to be agreed upon if and as far as neither GTS nor OGE requests to bring back the VIP TTF‑THE‑L OBA within the VIP TTF‑THE‑L OBA limit. In case GTS or OGE explicitly requests to bring back the VIP TTF‑THE‑L OBA within the VIP TTF‑THE‑L OBA limit, GTS and OGE will discuss and agree on a schedule. If the VIP TTF‑THE‑L OBA limit is exceeded and suffers further increase, pro rata allocation can be applied, subject to Article 7.2, after the Parties have been duly informed by the initiating Party. If pro rata allocation is executed the concerned Parties shall without undue delay inform their shippers about the changed allocation. For the avoidance of doubt, if pro rata allocation is executed it shall be valid for all shipper code pairs at the VIP TTF‑THE‑L and the underlying Interconnection Points.
Sample 1
Operational Balancing Account. The OBA of IP Waidhaus MEGAL and the OBA of IP Waidhaus Ruhrgas are merged into one OBA for the VIP Waidhaus-NCG […]. The rules of the IA Waidhaus MEGAL stipulated in “Article 3.6 Flow Control/Imbalance handling/Allocation” shall apply for OBA of the VIP Waidhaus-NCG.
Sample 1
Operational Balancing Account. The OBA of IP Waidhaus MEGAL and the OBA of IP Waidhaus Ruhrgas are merged into one OBA for the VIP Waidhaus-NCG which amounts in total to 12,500,000 kWh. The OBA protocol is attached in Annex 1 to the VIP Agreement. This protocol substitutes the OBA protocol from Amendment No. 2 Annex 6, point 2.18 of the Waidhaus-MEGAL IA. The rules of the IA Waidhaus MEGAL stipulated in “Article 3.6 Flow Control/Imbalance handling/Allocation” shall apply for OBA of the VIP Waidhaus-NCG.
Sample 1
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Operational Balancing Account. GTS and OGE will continuously calculate the OBA. For the after-the-month-process, GTS will calculate the accountable OBA and provide these figures to OGE for final comparison, in order to have consistent accountable OBA figures. The VIP OBA limit shall be the sum of the OBA limits of the Interconnection Points. If the absolute value of the VIP OBA reaches the VIP OBA limit, GTS and OGE may agree to extend the VIP OBA limit in order to furthermore allocate any steering differences to the OBA and thus to provide allocations to shippers that are equal to their confirmed quantities. The extension of the VIP OBA limit shall be deemed to be agreed upon if and as far as neither GTS nor OGE requests to bring back the VIP OBA within the VIP OBA limit. In case GTS or OGE explicitly requests to bring back the VIP OBA within the VIP OBA limit, GTS and OGE will discuss and agree on a schedule. If the VIP OBA limit is exceeded and suffers further increase pro rata allocation can be applied after the other Parties have been informed. If pro rata allocation is executed the concerned Parties will without undue delay inform their shippers about the changed allocation. For the avoidance of doubt, if pro rata allocation is executed it shall be valid for all shipper code pairs at the VIP and the underlying Interconnection Points.
Sample 1
Operational Balancing Account. 9.1 The Parties shall strive to reach an equality between the confirmed quantities and the actually metered quantities at the IP in order to maintain TBP as close as possible to zero, and to ensure that the LR specified in paragraph 9.2 is not violated.
Sample 1

Related to Operational Balancing Account

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Reserve Account Draw Amount On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for the Payment Date and will direct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before the Payment Date.

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of the Master Servicer, the Trustee or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Custodial Accounts; Distribution Account (a) On or prior to the Closing Date, the Master Servicer shall have caused each Servicer to establish and maintain one or more Custodial Accounts, as provided in the related Purchase and Servicing Agreement, into which all Scheduled Payments and unscheduled payments with respect to the related Mortgage Loans, net of any deductions or reimbursements permitted under the related Purchase and Servicing Agreement, shall be deposited. On each Distribution Account Deposit Date, the Servicers shall remit to the Securities Administrator for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Purchase and Servicing Agreements.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Certificate Account and Special Payments Account (a) The Trustee shall establish and maintain on behalf of the Certificateholders a Certificate Account as one or more non-interest-bearing accounts. The Trustee shall hold the Certificate Account in trust for the benefit of the Certificateholders, and shall make or permit withdrawals therefrom only as provided in this Agreement. On each day when a Scheduled Payment is made to the Trustee under the Intercreditor Agreement, the Trustee upon receipt thereof shall immediately deposit the aggregate amount of such Scheduled Payment in the Certificate Account.

  • Collection of Mortgage Loan Payments; Certificate Account; Distribution Account (a) The Master Servicer shall make reasonable efforts in accordance with the customary and usual standards of practice of prudent mortgage servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Required Insurance Policy. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the due dates for payments due on a Mortgage Note for a period not greater than 180 days; provided, however, that the Master Servicer cannot extend the maturity of any such Mortgage Loan past the date on which the final payment is due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event of any such arrangement, the Master Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 4.1 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required is prohibited by applicable law.

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