Volume Imbalance definition

Volume Imbalance means an imbalance in the volume of Product actually delivered from one Party to the other relative to the Quantity specified to be delivered pursuant to a Transaction, as evidenced by the applicable pipeline meter ticket, report of the Independent Inspector or terminal operator documentation, as the case may be. Notwithstanding the foregoing definition, a “Volume Imbalance” shall not include failures to deliver or take delivery of all of the Quantity of the Product as required in a particular Transaction (which failures shall be governed by Section 7.2).
Sample 1

Examples of Volume Imbalance in a sentence

  • The Volume Imbalance Penalty shall be the product obtained by multiplying the absolute amount of the Imbalances in excess of the stated tolerance level on each Day in the Month, by ten times the Daily Demand Charge for the Month.

  • The volume imbalance is subsequently billed individually to the customers in accordance with the provisions of Articles 2.2.3.3.1 and 2.2.3.3.2. 2.2.3.3.5 Volume Imbalance Exchanges between CustomersCustomers may exchange their volume imbalances among themselves provided they notify the distributor before the latter has billed them.

  • Dollar Valuation or Dollar Volume Imbalance shall be calculated by first determining the monthly Volumetric Imbalance and then multiplying it by the applicable Index Price (as defined below) for the same month.

  • The Volume Imbalance, now below the trading threshold, will be split evenly among and assumed by all Fixing Members.

  • It displays two different imbalance indicators: the Order Book Imbalance, the Volume Imbalance.

  • We therefore intend to more fully explore the use of order book metrics in trading strategies (e.g., Volume Imbalance [2]; Order Book Imbalance [20]) as future work.

  • The volume imbalance is subsequently billed individually to the customers in accordance with the provisions of Articles 11.2.3.3.1 and 11.2.3.3.2. 11.2.3.3.5 Volume Imbalance Exchanges between CustomersCustomers may exchange their volume imbalances among themselves provided they notify the distributor before the latter has billed them.

  • Features indices are in the order Bid-Ask Spread, Price, Smart Price, Trade Sign, Bid-Ask Volume Imbalance, Signed Transaction Volume.

  • Dollar Valuation or Dollar Volume Imbalance shall be calculated by first determining the monthly Volumetric Imbalance and then multiplying it by the applicable Monthly Index Price (as defined below) for the same month.

  • Figure 4 reveals that, broadly speaking, we have learned momentum-based strategies: for instance, for each of the four features that contain direc- tional information (Price, Smart Price, Trade Sign, Bid-Ask Volume Imbalance, and Signed Trans- action Volume), higher values of the feature (which all indicate either rising execution prices, rising midpoints, or buying pressure in the form of spread-crossing) are accompanied by greater frequency of buying in the learned policies.

Related to Volume Imbalance

  • Imbalance means the difference between Deliveries to KUB for a Customer and Redeliveries by KUB to the Customer.

  • Imbalances means over-production or under-production or over-delivery or under-delivery with respect to Hydrocarbons produced from the Properties, regardless of whether the same arise at the wellhead, pipeline, gathering system, transportation system, processing plant, or any other location, including any imbalances under gas balancing or similar agreements, production handling agreements, processing agreements, and/or gathering or transportation agreements.

  • Material Gas Imbalance means, at any time, with respect to all Gas Balancing Agreements to which any Credit Party is a party or by which any Mineral Interest owned by any Credit Party is bound, a net gas imbalance at such time to all such Credit Parties in excess of, in the aggregate, three percent (3%) of the Borrowing Base then in effect.

  • Imbalance Charges means any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter's balance and/or nomination requirements.

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

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • 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.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Meet-Point Billing (MPB means the billing associated with interconnection of facilities between two (2) or more LECs for the routing of traffic to and from an IXC with which one of the LECs does not have a direct connection. In a multi-bill environment, each Party bills the appropriate tariffed rate for its portion of a jointly provided Switched Exchange Access Service.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • average consumption means the average consumption of a customer of a municipal service during a specific period, and is calculated by dividing the total measured consumption of that municipal service by that customer over the preceding three months by three;

  • 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.

  • Runoff volume means the volume of water that runs off the land development project from a prescribed storm event.

  • Declared Monthly Consumption means the Declared Monthly Consumption set out in the Acceptance Form for Electricity Supply.

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Gross Standard Volume as herein used means volume corrected to a temperature of sixty degrees (60°) Fahrenheit, in accordance with the latest API/ASTM measurement standards, and at equilibrium vapor pressure.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Excess emissions - means an emission rate that exceeds any applicable emission limitation or standard allowed by any rule in Sections .0500, .0900, .1200, or .1400 of Subchapter 02D; or by a permit condition; or that exceeds an emission limit established in a permit issued under 15A NCAC 02Q .0700. (Note: Definitions of excess emissions under 02D .1110 and 02D .1111 shall apply where defined by rule.)

  • Trading Volume means the volume of shares of the Company's Common Stock that trade between 9:30 AM and 4:00 PM, New York City Time, on any Business Day, and shall expressly exclude any shares trading during "after hours" trading.

  • Day-ahead Loss Price means the Loss Price resulting from the Day-ahead Energy Market.

  • Maximum Daily Quantity means the daily volume of Gas or Liquids, expressed in 103m3, identified in a Shipper's Interruptible Transportation Service Agreement that Transporter agrees to receive from Shipper under Toll Schedule Interruptible Full Path Service, Toll Schedule Interruptible Receipt Service or Toll Schedule Interruptible Delivery Service, as applicable.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.