Gas Balancing Agreement definition

Gas Balancing Agreement means any agreement or arrangement whereby any Loan Party, or any other party having an interest in any hydrocarbons to be produced from Mineral Interests in which any Loan Party owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby any Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Mineral Interests in which any Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby the Borrower or any Restricted Subsidiary, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Interests in which the Borrower or any Restricted Subsidiary owns an interest, has a right to take more than its proportionate share of production therefrom.
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Examples of Gas Balancing Agreement in a sentence

  • Exhibit C is a COPAS 1984-1 Onshore Accounting Form; Exhibit D contains the insurance provisions and that the operator may be selfinsured; Exhibit E is a Gas Balancing Agreement; and Exhibit F is an equal employment opportunity provision.

  • Starting in 2015, however, a portion of the gas will be rerouted to Malaysia for domestic consumption according to the Gas Balancing Agreement between PTT and Petroliam Nasional Berhad (Petronas).

  • Exhibit C is a COPAS 1984-1 Onshore Accounting Form; Exhibit D contains the insurance provisions and that the operator may be self insured; Exhibit E is a Gas Balancing Agreement; and Exhibit F is an equal employment opportunity provision.

  • Specifically, NGTL seeks Board approval to: • extend the term and rate of Rate Schedule OS, Other Service – Schedule No, 2003- 00452-2 (the Gas Balancing Agreement (GBA), or GBA Service) to March 31, 2009; and• amend specific provisions of Rate Schedule IT-S and the General Terms and Conditions of the Tariff.94 7.1 Gas Balancing AgreementThe Board notes that the GBA between NGTL and TCPL was first approved by the Board on August 21, 1997, at a time when the companies were not related.

  • The amount of gas each is able to sell is governed by an Interim Gas Balancing Agreement.

  • The imbalance is recovered on 14 subsequent days by over delivering or under delivering gas to the connecting 15 pipelines compared to the total nominated flow for the day; 16 • Gas Balancing Agreement (GBA) nominated at the Empress Border.

  • The Gas Balancing Agreement is filed in Section 3.2 of Phase 2 of this GRA.

  • Under an Interim Gas Balancing Agreement with its joint venture partners, the Group has taken a higher proportion of natural gas produced from the Mereenie joint venture than its joint venture percentage entitlement.

  • This Interim Gas Balancing Agreement was negotiated between Central and Santos upon Central’s acquisition of its participating interest in the field in 2015.

  • The Gas Balancing Agreement specifies a settling mechanism between the holders on a periodic (daily, weekly and annual) basis and allowed the separation of gas marketing.


More Definitions of Gas Balancing Agreement

Gas Balancing Agreement means any agreement or arrangement whereby the Borrower or any other Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Properties in which the Borrower or any other Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby Borrower or any of its Subsidiaries or any other party having an interest in any hydrocarbons to be produced from Mineral Interests in which Borrower or any of its Subsidiaries have a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby any Person having an interest in any Hydrocarbons to be produced from the Oil and Gas Interests of the Borrower
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Gas Balancing Agreement means any agreement or arrangement whereby Mortgagor, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Leases in which Mortgagor owns an interest, has a right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby Seller or any other party having an interest in any Hydrocarbons to be produced from the Dedicated Interests has a Right to take more than its proportionate share of production therefrom.
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Gas Balancing Agreement means any agreement or arrangement whereby any Credit Party, or any other party having an interest in any Hydrocarbons to be produced from Oil and Gas Properties in which any Credit Party owns an interest, has a right to take more than its proportionate share of production therefrom. “Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
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Related to Gas Balancing Agreement

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Interconnection Agreement means the interconnection agreement entered into by Seller pursuant to which the Facility will be interconnected with the Transmission System, and pursuant to which Seller’s Interconnection Facilities and any other Interconnection Facilities will be constructed, operated and maintained during the Contract Term.

  • Reciprocal agreement means an agreement between this state and a higher education compact or 1 or more other states that allows participating colleges to provide distance education to residents of this state and other member states under this act.

  • Co-financing Agreement means the agreement to be entered into between the Recipient and the Co-financier providing for the Co-financing.

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Master Services Agreement means the master services agreement dated as of the date hereof, among the Service Providers, the Partnership, the Holding LP, the Holding Entities and others;

  • Contribution Agreements has the meaning set forth in the Recitals.

  • Generation Interconnection Agreement means the generation interconnection agreement to be entered into separately between Seller and PGE, providing for the construction, operation, and maintenance of interconnection facilities required to accommodate deliveries of Seller's Net Output.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Financing Agreement means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

  • Offtake Agreement means any refining, smelting, brokering, sale, marketing and/or processing agreement entered into by the Owner or its Affiliates with respect to Minerals produced from the Property;

  • 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.

  • Subsidiary Financing Agreement means any agreement to be entered into between the Borrower and a Participating Bank pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time;

  • Reservation agreement means a written contract entered into between MBOH and the taxpayer to provide for a Reservation and setting forth the terms and conditions under which the taxpayer may obtain a Carryover Commitment or Final Allocation.

  • Existing Agreements has the meaning as set forth in Section 3.2 hereof.

  • Maintenance agreement means a contract of limited duration