Daily Unbalanced Quantity definition

Daily Unbalanced Quantity means, for a particular Gas Day, the steering difference between the sum of the daily net Allocated Quantities (being the Allocated Quantities for Forward Flow plus the Allocated Quantities for Reverse Flow) and the daily Measured Quantity. The Daily Unbalanced Quantity can be positive (representing an under-delivery from the TAP System to the DEFSA System or an over-delivery from the DESFA System to TAP System) or negative (representing an over-delivery from the TAP System to the DEFSA System or an under – delivery from the DESFA System to the TAP System). Note: Measured Quantity or Allocated Quantity in Forward Flow is expressed as positive value; Measured Quantity or Allocated Quantity in Reverse Flow is expressed as negative value.
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Daily Unbalanced Quantity means, for a particular Gas Day, the Steering Difference between the sum of the daily Allocated Quantities and the daily Measured Quantity. The Daily Unbalanced Quantity can be positive (representing an under-delivery from the Alexandroupolis INGS to the DEFSA System) or negative (representing an over-delivery from Alexandroupolis FSRU to the DESFA System). “Default Processed Quantity for DESFA”. In the event that a Transmission User does not submit a Daily Nomination or submits a Daily Nomination rejected by DESFA according to the provisions of Article [27B] of the Network Code of NNGTS, they are deemed to have submitted a Daily Nomination with zero quantities.
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Daily Unbalanced Quantity means, for a particular Gas Day, the steering difference between the sum of the daily net Allocated Quantities (being the Allocated Quantities for Forward Flow plus the Allocated Quantities for Reverse Flow) and the daily Measured Quantity. The Daily Unbalanced Quantity can be positive (representing an over-delivery from the ICGB System to the DESFA System or an under-delivery from the DESFA System to ICGB System) or negative (representing an under- delivery from the ICGB System to the DESFA System or an over – delivery from the DESFA System to the ICGB System). Note: Measured Quantity or Allocated Quantity in Forward Flow is expressed as positive value; Measured Quantity or Allocated Quantity in Reverse Flow is expressed as negative value.
Sample 1

Examples of Daily Unbalanced Quantity in a sentence

  • For so long as the OBA Balance is less than Max OBA, the Allocated Quantities will be equal to Xxxxxxx's daily Confirmed Quantities, while the Daily Unbalanced Quantity will be allocated to the Operational Balancing Account held between the Parties.


More Definitions of Daily Unbalanced Quantity

Daily Unbalanced Quantity means, for a particular Gas Day, the steering difference between the sum of the daily Allocated Quantities and the daily Measured Quantity. The Daily Unbalanced Quantity can be higher (representing an under-delivery from the TANAP System to the TAP System) or lower (representing an over-delivery from the TANAP System to the TAP System) than zero.
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Related to Daily Unbalanced Quantity

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • Maximum Daily Starts means the maximum number of times that a generating unit can be started in an Operating Day under normal operating conditions.

  • Compounded Daily SOFR means, in relation to a Floating Rate Interest Period, the rate of return of a daily compound interest investment (with SOFR as reference rate for the calculation of interest) during the related Observation Period and will be calculated by the Calculation Agent on the related Interest Determination Date as follows: Where:

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):

  • MMBtu means one million British thermal units.

  • Vapor balance system means a combination of pipes or hoses which create a closed system between the vapor spaces of an unloading tank and a receiving tank such that vapors displaced from the receiving tank are transferred to the tank being unloaded.

  • Volume Commitment means the agreed upon Customer commitment to purchase, and may be described as an Annual Volume Commitment, Total Volume Commitment, Tiered Volume Commitment, or Subminimum Volume Commitment.