Predetermined Allocation definition

Predetermined Allocation. With each nomination Buyer submits to Seller pursuant to Section 9.2, Buyer shall indicate the method Seller shall utilize for al locating Gas among the Daily Delivery Quantity, the Daily Merchant Quantity, and any Quantity of Gas delivered at the Delivery Point during such Day pursuant to Option 3 in Section 5.2, such allocation to be based on the total Quantity of Gas delivered by Seller at the Delivery Point during such Day.
Sample 1
Predetermined Allocation means the distribution of quantities of Gas measured at the GTS facilities interconnect point(s) based on a methodology agreed to by GTS and Point Operators prior to the commencement of Gas flow pursuant to GT&C Section 5.6(c).
Sample 1
Predetermined Allocation or “PDA” means an Operator’s expectation that is submitted in advance of gas flow and that tells Transporter how much, in what order to allocate and to whom to allocate after gas has flowed.
Sample 1

Examples of Predetermined Allocation in a sentence

  • A Pre-determined Allocation (PDA) may not be used to allocate gas to a nominatable transaction that was not identified in the nomination or confirmation process, as applicable, absent prior mutual agreement among the Confirming Parties and the party being allocated to in such transaction.

  • At a location which is not covered by an OBA, a Confirming Party should submit a Pre-determined Allocation (PDA) to the allocating party at a level that is based on the allocating party’s business practice, but, in no event, will such PDA be at a lower level (more detailed) than that level of information exchanged between such parties during their confirmation process.

  • To clarify the expectations and responsibilities of all parties prior to gas flow, pre-determined allocation data is exchanged via the Pre-determined Allocation (PDA) data set.

  • Seller will enter into an Operational Balancing Agreement ("OBA") and/or a Predetermined Allocation Agreement ("PDA") with any creditworthy point operator, covering one or more receipt and/or delivery points located in the same operational segment of Seller's system, under mutually agreeable terms and conditions, provided that Seller does not provide a balancing service and shall not be required to provide a balancing service under any OBA or PDA entered into under this Section.

  • The term "Predetermined Allocation (PDA)" is a preagreed allocation of gas volumes at receipt and delivery points.

  • Should Customer elect to purchase a portion of its natural gas sales service under this Rider and elect to transport a portion of supply, allocation of said volumes shall occur in accordance with the Predetermined Allocation Agreement referenced in Section 3.22.1. Upon election of the Rider by customer, Company will arrange for service on a supplier pipeline in order to effectuate the transportation service rendered to customer.

  • Control of Case DutiesAll Services shall be provided at the direction of the attorney of record (whether contracted or staff) who shall have full and complete control over strategy in any and all cases to which Contract Investigators are assigned.

  • If deliveries are made to a third party (that is not a Shipper) for the accounts of multiple Shippers, the Difference shall be allocated pro rata among all Shippers at that delivery point on the basis of those Shippers' Scheduled Daily Delivery Quantities, unless all affected Shippers at that delivery point have agreed to a Predetermined Allocation Method (PDA) specifying a different allocation methodology and such agreement is provided to Transporter in writing and approved by Transporter.

  • Should customer elect service under this rate schedule under more than one of the two supply options, such that gas delivered by Company at any single delivery point will involve supply under more than one of the two options, Company and customer shall enter into a Predetermined Allocation Agreement (“PDA”) in the form appended to this rate schedule.

  • At each receipt and delivery point, Transporter shall reach agreement with the Interconnecting Party as to the Predetermined Allocation Agreement (PDA) to be used.


More Definitions of Predetermined Allocation

Predetermined Allocation means a contractual provision under
Sample 1
Predetermined Allocation or “PDA” means an instruction from the owner of gas that is submitted in advance of gas flow and that tells Midla how much, in what order to allocate and to whom to allocate after gas has flowed. Midla will support PDA methodology types: Ranked, Pro Rata, Swing Percentage, and Operator Provided Value (“OPV”). The same standard allocation methodologies should be available for use at all points. If the two parties cannot agree upon an allocation methodology, pro rata based upon confirmed nomination should be used as the default method. The party responsible for custody transfer (the party performing the measurement function) should provide the allocation.
Sample 1

Related to Predetermined Allocation

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Class B Fixed Allocation means, with respect to any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Investor Interest as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the Investor Interest as of the close of business on the last day of the Revolving Period.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).

  • Allocation shall have the meaning set forth in Section 2.7.

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Treasury Bills, which may be held without limit:

  • Curative Allocation means any allocation of an item of income, gain, deduction, loss or credit pursuant to the provisions of Section 6.1(d)(xi).

  • Agreed Allocation means any allocation, other than a Required Allocation, of an item of income, gain, loss or deduction pursuant to the provisions of Section 6.1, including a Curative Allocation (if appropriate to the context in which the term “Agreed Allocation” is used).

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Final Allocation has the meaning set forth in Section 2.3.

  • conditional allocation ’ means an allocation to a province or municipality from the national government’s share of revenue raised nationally, envisaged in section 214(1)(c) of the Constitution, as set out in Schedule 4, 5, 6 or 7;

  • Qualified Allocation Plan or “QAP” means this Qualified Allocation Plan, which was adopted by Board Action on November 16, 2016 and made effective as of January 1, 2017, and which was approved by the Governor of the State of New Mexico pursuant to Section 42(m)(1)(B) of the Code and sets forth the Project Selection Criteria and the preferences for Projects which will receive Tax Credits.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Unallocated Basis means that the Person in whose name Gold is so held is entitled to receive delivery of Gold standing to the credit of that Person’s account, but that Person has no ownership interest in any particular Gold that the custodian maintaining that account owns or holds.

  • Series Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the numerator used in determining the Allocation Percentage for Finance Charge Collections for that Monthly Period and the denominator of which is the sum of the numerators used in determining the Allocation Percentage for Finance Charge Collections for all outstanding Series on such date of determination; provided that if one or more Reset Dates occur in a Monthly Period, the Series Allocation Percentage for the portion of the Monthly Period falling on and after each such Reset Date and prior to any subsequent Reset Date will be determined using a denominator which is equal to the sum of the numerators used in determining the Allocation Percentage for Finance Charge Collections for all outstanding Series as of the close of business on the subject Reset Date.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Allocation Area means that part of a military base development area to which an allocation provision of a declaratory resolution adopted under section 16 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.

  • Allocation Period means (a) the period commencing on February 10, 2016 and ending on December 31, 2016, (b) any subsequent period commencing on January 1 and ending on the following December 31, or (c) any portion of the period described in clause (a) or (b) for which the Partnership is required to allocate Net Profits, Net Losses, and other items of Partnership income, gain, loss or deduction pursuant to ARTICLE IV.

  • Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Section 6.2(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;