Cumulative Imbalance Sample Clauses

The Cumulative Imbalance clause defines how ongoing discrepancies between the amounts delivered and received under a contract are tracked and managed over time. Typically, this clause sets out the method for calculating the net difference between what each party has supplied or taken, often in the context of commodities or energy agreements. By establishing a clear process for monitoring and settling these imbalances, the clause ensures that neither party is unfairly advantaged or disadvantaged due to ongoing delivery mismatches, thereby promoting fairness and operational clarity.
Cumulative Imbalance. (a) The Service Providers will monitor and record a running total of the Shipper's daily Imbalances, at the end of each Day, for each Path under a Service (Cumulative Imbalance). (b) A positive Cumulative Imbalance will occur in respect of a Path under a Service if during the relevant period the quantity of Gas delivered at the Delivery Point is less than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage and As-Available Forward Haulage Service) for that Path under that Service. (c) A negative Cumulative Imbalance will occur in respect of a Path under a Service if, during the relevant period, the quantity of Gas delivered at Delivery Points is more than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage and As-Available Forward Haulage Service) for that Path under that Service.
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Cumulative Imbalance. (a) The Service Provider will monitor and record a running total of the Shipper's daily Imbalances, at the end of each Day, for each Service (Cumulative Imbalance). (b) A positive Cumulative Imbalance will occur in respect of a Service if during the relevant period the quantity of Gas delivered at the Delivery Point is less than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Service) for that Service. (c) A negative Cumulative Imbalance will occur in respect of a Service if, during the relevant period, the quantity of Gas delivered at Delivery Points is more than the quantity of Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Service) for that Service.
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Cumulative Imbalance. (a) The Service Providers will monitor and record a running total of the Shipper's daily Imbalances, at the end of each Day, for each Zone (Cumulative Imbalance). (b) A positive Cumulative Imbalance will occur if during the relevant period the quantity of Natural Gas delivered under this document at Delivery Points is less than the quantity of Natural Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Services). (c) A negative Cumulative Imbalance occurs if, during the relevant period, the quantity of Natural Gas delivered under this document at Delivery Points is more than the quantity of Natural Gas received at the Receipt Point (net of System Use Gas for Firm Forward Haulage Services).
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Cumulative Imbalance i. The Pipeline Company will monitor and record a running total of the CPC's daily Imbalances, at the end of each day, for each Path under the relevant Daily Nomination Notice (“Cumulative Imbalance”). ii. A positive Cumulative Imbalance will occur in respect of a Path under a Daily Nomination Notice if during the relevant period the quantity of Regasified LNG delivered at the relevant Delivery Point is less than the quantity of Regasified LNG received at the Custody Transfer Point for that Path under that relevant Daily Nomination Notice. iii. A negative Cumulative Imbalance will occur in respect of a Path under the relevant Daily Nomination Notice if, during the relevant period, the quantity of Regasified LNG delivered at the relevant Delivery Points is more than the quantity of Regasified LNG received at the Custody Transfer Point for that Path under that Daily Nomination Notice.
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Related to Cumulative Imbalance

  • Gas Imbalances As of the Closing Date, except as set forth on Schedule 7.24 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to any of the Obligors’ Oil and Gas Properties which would require any such Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production of Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving fall payment therefor.

  • True-Up Adjustments From time to time, until the Retirement of the Recovery Bonds, the Servicer shall identify the need for True-Up Adjustments and shall take all reasonable action to obtain and implement such True-Up Adjustments, all in accordance with the following:

  • Total Realized Loss (or Amount of Any Gain The total derived from subtracting line 22 from 13. If the amount represents a realized gain, show the amount in parenthesis ( ). Prepared by: __________________ Date: _______________ Phone: ______________________ Email Address:_____________________ Servicer Loan No. Servicer Name Servicer Address ▇▇▇▇▇ FARGO BANK, N.A. Loan No._____________________________ Borrower's Name: _________________________________________________________ Property Address: _________________________________________________________

  • Start-Up Costs The Government of Ontario will provide:

  • When No Adjustment Required No adjustment of the Exercise Price shall be made as a result of: (1) the issuance of rights pursuant to any stockholder rights plan or tax asset protection plan (i.e., a poison pill) adopted by the Company from time to time (“Rights”); (2) the distribution of separate certificates representing Rights; (3) the exercise or redemption of Rights; or (4) the termination or invalidation of Rights; provided, however, that to the extent that the Company has a stockholder rights plan or tax asset protection plan in effect on an Exercise Date, the Holder shall receive upon exercise, in addition to the Warrant Shares, the Rights under such rights plan, unless, prior to such Exercise Date, the Rights have separated from the Common Stock, in which case the applicable Exercise Price will be adjusted at the time of separation as if the Company made a distribution to all holders of Common Stock as described in Section 4.01(c) including, for the purposes of this paragraph only, shares of Common Stock and assets issuable upon exercise of Rights under a stockholder rights plan or tax asset protection plan, subject to readjustment in the event of the expiration, termination or redemption of the Rights. No adjustment shall be made to the Exercise Price that would reduce the Exercise Price below the par value per share of Common Stock. In addition, no adjustment to the Exercise Price shall be made: (a) upon the issuance of any shares of Common Stock or securities convertible into, or exercisable or exchangeable for, Common Stock in public or private transactions at any price deemed appropriate by the Company in its sole discretion; (b) upon the issuance of any shares of Common Stock pursuant to any present or future plan providing for the reinvestment of dividends or interest payable on securities of the Company and the investment of additional optional amounts in shares of Common Stock under any plan of that type; (c) upon the issuance of any shares of Common Stock or options or rights to purchase those shares or any other award that relates to or has a value derived from the value of the Common Stock or other securities of the Company, in each case issued pursuant to any present or future employee, director or consultant benefit plan or program of or assumed by the Company or any of its subsidiaries; (d) upon the issuance of any shares of Common Stock pursuant to any option, warrant or right or other security exercisable for, or exchangeable or convertible into, shares of Common Stock in public or private transactions at any price deemed appropriate by the Company in its sole discretion; (e) for a change in the par value or no par value of the Common Stock; (f) for accumulated and unpaid dividends; or (g) upon the issuance of any shares of Common Stock pursuant to any option, warrant, right or other security exercisable for, or exchangeable or convertible into, Common Stock that was outstanding as of the date the Warrants were first issued.