Balancing Agreement definition

Balancing Agreement means the agreement to be concluded with the Balancing Operator in respect of the Balancing in the BeLux Area as approved by both national regulatory authorities in Luxembourg and Belgium, ILR (“Institut luxembourgeois de Régulation”) and XXXX for H-zone and by XXXX for L-zone. The Balancing Agreement is published by the Balancing Operator on its website.

Balancing Agreement means the balancing agreement dated as of the Series Issue Date of the ETC Securities entered into by the Issuer and the Programme Counterparty by execution of the Issue Deed, as such Balancing Agreement is amended, supplemented, novated or replaced from time to time.

Balancing Agreement means [each Utility to insert title and description of its applicable operational balancing agreement].

Examples of Balancing Agreement in a sentence

• Network User acknowledges and agrees that, except to the extent provided otherwise in the Attachment A of the Access Code for Transmission, the adherence to and due performance under the Balancing Agreement is required to use the Services and/or the ZTP Trading Services offered by the TSO and subscribed by Network User.

• The TSO remains concurrently liable with the Balancing Operator and responsible for the good performance of the tasks delegated to Balancing Operator within the limits set forth in the Balancing Agreement.

• After written notification by the Balancing Operator to the TSO that the Network User in the context of his Balancing Agreement with the Balancing Operator complies with all his obligations or, as applicable, has concluded a Balancing Agreement with the Balancing Operator, the aforementioned suspended Service(s) will be reactivated by the TSO within one (1) Business Day.

• When a Network User has subscribed Service(s) for which a Balancing Agreement has to be concluded pursuant article 6 of the corpus of this Agreement and as long as the Balancing Operator has not confirmed to the TSO that the Network User has signed a Balancing Agreement, the Network User may not use these subscribed Service(s).

• Allocation and Operational Balancing Agreement Gas is allocated at each Entry and Exit Point on an hourly basis.

More Definitions of Balancing Agreement

Balancing Agreement means the contract under which the Balancing Services are subscribed and used in the BeLux Zone by the Network User.

Balancing Agreement means the agreement executed between the Transporter and User with Long-Term GTA which defines the rights and obligations of the parties related to balancing and allocation matters in line with the rules specified in the Article 15 of this Network Code;

Balancing Agreement means any agreement for the provision of balancing and related services entered into between the Producer and a Balance Responsible Entity designated by the Buyer through the duration of the Agreement.

Balancing Agreement means the Balancing Agreement of even date herewith between Agave and Seller, as the same may be amended, supplemented or modified from time to time.

Balancing Agreement means the standardized agreement, which may be concluded by a market participant with any TSO in the common balancing zone, in order to become a network user within the meaning of the Regulation.

Balancing Agreement means the California Production Balancing Agreement (Form 79-944).

Balancing Agreement or “Agreement” shall mean the agreement to be concluded between Balancing Operator and Grid User in respect of the Balancing in the BeLux Area as approved by the Competent Regulator(s) and published by the Balancing Operator on its website.