Working Gas Balance definition

Working Gas Balance means the total energy quantity of Working Gas held by a Stor- age User in the Storage Facility at any time.
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Examples of Working Gas Balance in a sentence

  • Further, a Storage User who is using Interruptible Working Gas Volume to store its Working Gas Balance may also be required to relinquish such Interruptible Working Gas Volume in accordance with GT&C Appendix II.

  • A Storage User's Working Gas Balance shall not fall below zero at any time.

  • EKB shall pay compensation to the Storage User for any amount of natural gas that was left by the Storage User in the Storage Facility at the date of expiry or termination of its Storage Service Agreement as a result of the adjustment of the Storage User's Working Gas Balance.

  • Whenever a Storage User's Working Gas Balance falls below zero, EKB shall no- tify the Storage User via its Capacity Rights Account (with a copy by email) and require the Storage User to Nominate or Renominate as soon as possible natural gas for injection into the Storage Facility in order to restore its Working Gas Bal- ance to at least zero.

  • A Storage User that (a) holds no Capacity Rights (taking into account also Capaci- ty bookings, Capacity Assignments and Capacity Transfers for future periods); (b) has a Working Gas Balance of zero; and (c) is not party to any continuing Ca- pacity Transfer may terminate its Storage Service Agreement with effect from 0600 hours of the first Gas Day of any Month by giving at least one month's no- tice in writing to EKB.

  • The energy equivalent of any such natural gas purchased by EKB shall be booked to the Storage User's Working Gas Balance.

  • Notwithstanding §13.1, Adjacent Network Operators' allocation procedures (in- cluding the provision of final allocation data), measurement equipment replace- ment, repair or recalibration or the cancellation or invalidity of Gas Transfers may cause a Storage User's Working Gas Balance to fall below zero.

  • IV.11 A Storage User whose Interruptible Working Gas Volume is interrupted in accord- ance with Section IV.10 shall reduce its Working Gas Balance or increase its Useable Working Gas Volume so that its Working Gas Balance does not exceed its adjusted Maximum Working Gas Volume after such interruption.

  • If the reason the Storage User has not restored its Working Gas Balance to zero is that EKB has been unable to meet its Nominations and Renominations to use its total Useable Injection Capacity in any Hour, then the seven (7) Gas Day period shall be extended accordingly on an Hourly basis.

  • Size PremiumsConsideration of the size of the business to be val- ued as part of a marital dissolution case is impor- tant.

Related to Working Gas Balance

  • Working Interest means an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense.

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Capital Base means, at any date, the sum of Tangible Net Worth and Subordinated Debt.

  • Total Contract Value means contract value plus statutory dues like GST etc. and any other amount payable under contract.

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

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Annual Contract Value or “ACV” means the net subscription fee for one (1) year as defined in the Order Form for a specific Customer.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Minimum Contract Value means 10% of the Maximum Contract Value.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other burdens upon, measured by or payable out of oil, gas or mineral production.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • Principal Balance Schedules Not applicable.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;