Cumulative Variance definition
Cumulative Variance has the meaning set forth in Section 5.1(d)(vii).
Cumulative Variance has the meaning given in Section 2 of Article XXII of the General Terms and Conditions of TransCanada’s Transportation Tariff. For the avoidance of doubt, if the accumulation of the daily differences between the “Total Authorized Quantity” and the “Total Allocated Quantity” (as such terms are defined in Section 2 of Article XXII of the General Terms and Conditions of TransCanada’s Transportation Tariff) under the FT Contract is greater than or less than zero (0) GJ, the Cumulative Variances under the FT Contract will be greater than zero (0) GJ.
Examples of Cumulative Variance in a sentence
If Seller’s failure to deliver Product results in a Negative Quarterly Variance, a Negative Annual Variance and/or a Cumulative Variance in excess of their respective thresholds, Purchaser shall be limited to one recovery for such failure.
Financial Report Annual Budget 2005/06 £000 Cumulative Actual at Month 1 £000 Cumulative Budget at Month 1 £000 Cumulative Variance at Month 1 £000 Projected Variance at the year-end £000 Activity reports will be provided in accordance with the legally binding FT contract (Schedule 5) hosted by South West Essex PCT.