Common use of BALANCING OF VOLUMES Clause in Contracts

BALANCING OF VOLUMES. The volume of gas received on a daily basis for Buyer's account may not equal the volume, less shrinkage, delivered to the Buyer. The result will be deemed an imbalance. Buyer's account will be reviewed at the end of each month, or on termination of Transportation Service, or curtailment or discontinuance thereof. If the net imbalance is such that the Buyer has received more gas than was delivered to the Seller during the period under review, Buyer shall be billed for such excess at the Base Rate as specified in the Service Agreement which provides for standby service. If the net imbalance is such that the Buyer has received less gas than was delivered to the Seller, the Seller will buy excess gas at Seller's lowest delivered purchase price in that month from any of Seller's suppliers. Seller shall not exceed the Contract Maximum Daily Quantity specified in Paragraph 2, DAILY DELIVERlES. In the event a daily volume is delivered to Seller which exceeds the Contract Maximum Daily Quantity, the excess daily volumes will be purchased by Seller at Seller's lowest delivered price from any of Seller's suppliers.

Appears in 1 contract

Samples: Service Agreement

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BALANCING OF VOLUMES. The volume of gas received on a daily basis for Buyer's account may not equal the volume, less shrinkage, delivered to the Buyer. The result will be deemed an imbalance. Buyer's account will be reviewed at the end of each month, or on termination of Transportation Service, or curtailment or discontinuance thereof. If the net imbalance is such that the Buyer has received more gas than was delivered to the Seller during the period under review, Buyer shall be billed for such excess at the Base Rate as specified in the Service Agreement which provides for standby service. If the net imbalance is such that the Buyer has received less gas than was delivered to the Seller, the Seller will buy excess gas at Seller's lowest delivered purchase price in that month from any of Seller's suppliers. 2, DAILY DELIVERIES. In the event a daily volume Pipeline Corporation which exceeds the Contract Daily volumes transported by Seller shall not exceed the Contract Maximum Daily Quantity specified in Paragraph 2, DAILY DELIVERlES. In the event a daily volume is delivered to Seller which exceeds the Contract by South Carolina Maximum Daily Quantity, the excess daily volumes will be purchased by Seller at Seller's lowest delivered price from any of Seller's suppliers.

Appears in 1 contract

Samples: Service Agreement

BALANCING OF VOLUMES. The volume of gas received on a daily basis hasis for BuyerXxxxx's account accomlt may not equal the volume, less shrinkage, delivered to the Buyer. The result will be deemed an imbalance. BuyerXxxxx's account will be reviewed at the end of each month, or on termination of Transportation Service, or curtailment or discontinuance thereof. If the net imbalance is such that the Buyer has received more gas than was delivered to the Seller during the period under review, Buyer shall be billed for such excess at the Base Rate as specified in the Service Agreement which provides for standby service. If the net imbalance is such that the Buyer has received less gas than was delivered to the Seller, the Seller will buy excess gas at Seller's lowest delivered purchase pmchase price in that month from any of Seller's suppliers. Seller shall not exceed the Contract Maximum Daily Quantity specified in Paragraph 2, DAILY DELIVERlES. In the event a daily volume is delivered to Seller which exceeds the Contract Maximum Daily Quantity, the excess daily volumes will be purchased by Seller at Seller's lowest delivered price from any of Seller's suppliers.

Appears in 1 contract

Samples: Service Agreement

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BALANCING OF VOLUMES. The volume of gas received on a daily basis for Buyer's account may not equal the volume, less shrinkage, delivered to the Buyer. The result will be deemed an imbalance. Buyer's account will be reviewed at the end of each month, or on termination of Transportation Service, or curtailment or discontinuance thereof. If the net imbalance is such that the Buyer has received more gas than was delivered to the Seller during the period under review, Buyer shall be billed for such excess at the Base Rate as specified in the Service Agreement which provides for standby service. If the net imbalance is such that the Buyer has received less gas than was delivered to the Seller, the Seller will buy excess gas at Seller's lowest delivered purchase price in that month from any of Seller's suppliers. Daily volumes transported by Seller shall not exceed the Contract Maximum Daily Quantity specified in Paragraph 2, DAILY DELIVERlESDELIVERIES. In the event a daily volume SCEG06-012 is delivered to Seller which exceeds the Contract Maximum Daily deliveredto Sellerwhich exceedsthe ContractMaximumDaily Quantity, the excess ,theexcess daily volumes will be purchased by Seller at Seller's lowest delivered price from any of volumeswill bepurchasedby Sellerat Seller'slowestdeliveredpricefrom anyof Seller's suppliers.

Appears in 1 contract

Samples: Service Agreement

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