Daily Imbalance Sample Clauses

Daily Imbalance. (a) Commencing on the Commencement Date and on every Day thereafter during the effectiveness of this Agreement, on any Day in which the Daily Receipt Quantity is greater than the Daily Delivery Quantity' Buyer shall have incurred a "Daily Positive Imbalance." On any Day in which the Daily Receipt Quantity is less than the Daily Delivery Quantity, Buyer shall have incurred a "Daily Negative Imbalance" (a Daily Positive Imbalance or a Daily Negative Imbalance shall also be a "Daily Imbalance"); provided, however, during any Day on which Buyer has elected to receive merchant service from Seller pursuant to Article VI, Buyer shall not be deemed to have incurred a Daily Negative Imbalance on such Day.
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Daily Imbalance. The Customer's daily imbalance is defined as the difference between the Daily Scheduled Quantity minus the Retention Amounatnd the actual metered gas quantity, measured inTherms.
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Related to Daily 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.

  • Imbalances The parties hereto recognize that with respect to Section 2.01, on any Day, receipts of gas by Union and deliveries of gas by Union may not always be exactly equal, but each party shall cooperate with the other in order to balance as nearly as possible the quantities transacted on a daily basis, and any imbalances arising shall be allocated to the Facilitating Agreements and shall be subject to the respective terms and charges contained therein, and shall be resolved in a timely manner.

  • Gas Imbalances, Prepayments As of the date hereof, except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which would require the Borrower or any of its Subsidiaries to deliver, in the aggregate, two percent (2%) or more of the monthly production from Hydrocarbons produced from the Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor.

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

  • Contract Amount Compensation amount(s), when stated in this Bid Specifications, shall not be construed as either the maximum or minimum amount which Department shall be obligated to accept as the result of this Bid Specifications or any Agreement entered into as a result of this Bid Specifications.