Predetermined Allocation definition

Predetermined Allocation. -- means a contractual provision under

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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.

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).

Examples of Predetermined Allocation in a sentence

In absence of a Predetermined Allocation Agreement, or some other form of agreement that binds the parties as to the mechanism for allocating volumes received at a given Receipt Point or delivered at a given Delivery Point, Shipper authorizes Houston to determine the allocation of the volumes received or delivered hereunder at such points during each Month.
If Supplier does not establish a Predetermined Allocation Method herein, Company will allocate any such discrepancy on a pro rata basis.
In absence of a Predetermined Allocation Agreement, or some other form of agreement that binds the parties as to the mechanism for allocating volumes received at a given Receipt Point or delivered at a given Delivery Point, ▇▇▇▇▇▇▇ authorizes Houston to determine the allocation of the volumes received or delivered hereunder at such points during each Month.
Supplier instructs Company to allocate any such discrepancies as follows: If Supplier does not establish a Predetermined Allocation Method herein, Company will allocate any such discrepancy on a pro rata basis.
On Buyer/Processor's Predetermined Allocation ("PDA"), Producer/Seller shall be designated as a swing shipper.
In absence of a Predetermined Allocation Agreement, or some other form of agreement that binds the parties as to the mechanism for allocating volumes received at a given Receipt Point or delivered at a given Delivery Point, Shipper authorizes Gulf Coast to determine the allocation of the volumes received or delivered hereunder at such points during each Month.

More Definitions of Predetermined Allocation

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.

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.