Operational Balancing Agreement definition

Operational Balancing Agreement or “OBA” means a Primary Allocation Agreement which operates by the principles that:

Operational Balancing Agreement or "OBA" means a contract between two parties which specifies the procedures to manage operating variances at an interconnect.

Operational Balancing Agreement means an agreement between Pipeline and an OBA Party that specifies the procedures to manage variances between scheduled quantities and actual quantities at an interconnection between the parties.

Examples of Operational Balancing Agreement in a sentence

• Gas Balancing with no Operational Balancing Agreement in place: clause 5 of this Annexure.

• Any physical receipt point located on Pipeline's system ("TTT Point"), provided that the point is covered by an active Operational Balancing Agreement, can be utilized for the nomination of TTT service.

• An Operational Balancing Agreement under this clause is an agreement between pipeline and network owners to cooperate in the management of the pipeline and network interfaces and is structured to minimise the impact of local physical variations on network transportation arrangements.

• Interruptible Hourly Balancing Service is not intended to serve as an Operational Balancing Agreement to account for hourly deviations between scheduled volumes and volumes actually taken by Customer at its point(s) of delivery on the transporting pipeline(s).

• In addition, Transporter hereby incorporates into this Tariff by reference the model Operational Balancing Agreement approved by NAESB as Standards 6.5.2. 26.

More Definitions of Operational Balancing Agreement

Operational Balancing Agreement or “OBA” means an agreement between SGRM and another pipeline operator which specifies the procedures to manage operating variances at an interconnect.

Operational Balancing Agreement or “OBA” means the terms and conditions for the resolution of Gas imbalances incurred on a specific Gas transportation system.

Operational Balancing Agreement means an agreement between:

Operational Balancing Agreement. ("OBA") shall mean an agreement

Operational Balancing Agreement and “OBA” has the meaning set forth in Section 2.11(B).

Operational Balancing Agreement. ("OBA") means a contract between Transporter and the entity ("OBA Party") operating the facilities at a point(s) of interconnection with Transporter's system which describes the manner in which differences between actual flows and nominated quantities will be resolved between Transporter and the OBA Party.

Operational Balancing Agreement. ("OBA") shall mean a contract between two parties that specifies the procedures to manage operating variances at an interconnect between the two parties.