Common use of BALANCING OF VOLUMES Clause in Contracts

BALANCING OF VOLUMES. The volume of gas received on a daily basis for ▇▇▇▇▇'s account may not equal the volume, less shrinkage, delivered to the Buyer. The result will be deemed an imbalance. ▇▇▇▇▇'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. Ma,'(imum 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

Sources: Contract for Natural Gas Service

BALANCING OF VOLUMES. The volume of gas received on a daily basis for ▇▇▇▇▇'s account may not equal the volume, less shrinkage, delivered to the Buyer. The result will be deemed an imbalance. ▇▇▇▇▇'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 SellerParagraph 2, DAILY DELIVERlES. In the event a daily volume is delivered to Seller will buy excess gas at Seller's lowest delivered purchase price in that month from any of Seller's suppliers. Ma,'(imum 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

Sources: Contract for Natural Gas Service