Common use of Gas Balancing Clause in Contracts

Gas Balancing. The quantity of Gas that Buyer actually purchases each Year may not equal the quantity that Buyer is obligated to purchase ("Annual Purchase Obligation") under Section 3.1 because of forecasting limitations, changes in weather, and other operating factors. Buyer will not know the total Gas purchased from other suppliers until shortly after year-end. Any difference between the amount purchased from Seller and the Annual Purchase Obligation for any Year ("Balancing Gas") shall be balanced in January and February of the next Year using the following procedures: 3.4.1 If in any Year Buyer purchases less than the Annual Purchase Obligation for the reasons listed in Section 3.4 (deducting from actual purchases any Balancing Gas taken during that Year to satisfy the Annual Purchase Obligation of prior Years), in addition to the Annual Purchase Obligation for the following Year the Balancing Gas shall be purchased in January and February of the following Year. All Gas purchased in January and February shall be deemed to be Balancing Gas until Buyer has purchased all the Balancing Gas it is obligated to purchase. 3.4.2 If all of the Balancing Gas is not taken during January and February, Buyer shall pay in March (when the ▇▇▇▇ for February deliveries is paid) for the Balancing Gas not taken. Buyer may take the Balancing Gas, paid for but not taken at any ▇▇▇▇ ▇▇▇▇▇▇ has the Gas available during the three Years following the Year in which payment was made, or before any earlier termination of this Agreement, but the Balancing Gas shall not reduce the Annual Purchase Obligation for each Year. 3.4.3 If in any Year Buyer purchases more than the Annual Purchase Obligation for the reasons listed in Section 3.4 (deducting from actual purchases any Balancing Gas taken during that Year to satisfy prior Years), the Balancing Gas shall be deducted from the Annual Purchase Obligation for the following Year if, in Buyer's opinion, the deduction in the following Year is necessary to comply with the terms of gas purchase agreements with third parties. 3.4.4 The price for Balancing Gas shall be the Price in effect for the Year in which the Balancing Gas should have been purchased as part of the Annual Purchase Obligation. 3.4.5 Balancing Gas does not include Gas which Buyer is not. obligated to purchase from Seller but which Buyer chooses to purchase from Seller.

Gas Balancing. The quantity of Gas that Buyer actually purchases each Year may not equal the quantity that Buyer is obligated to purchase ("Annual Purchase Obligation") under Section 3.1 because of forecasting limitations, changes in weather, and other operating factors. , Buyer will not know the total Gas purchased from other suppliers until shortly after year-end. Any difference between the amount purchased from Seller Sellers and the Annual Purchase Obligation for any Year ("Balancing Gas") shall Gas")shall be balanced in January and February of the next Year using the following procedures: 3.4.1 If in any Year Buyer purchases less than the Annual Purchase Obligation for the reasons listed in Section 3.4 (deducting from actual purchases any Balancing Gas taken during that Year to satisfy the Annual Purchase Obligation of prior Years), in addition to the Annual Purchase Obligation for the following Year the Balancing Gas shall be purchased in January and February of the following Year in addition to the Annual Purchase Obligation for the following Year. All Gas purchased in January and February shall be deemed to be Balancing Gas until Buyer has purchased all the Balancing Gas it is obligated to purchase. 3.4.2 If all of the Balancing Gas is not taken during January and February, Buyer shall pay in March (when the ▇▇▇▇ for February deliveries is paid) for the Balancing Gas not taken. Buyer may take the Balancing Gas, paid for but not taken at any ▇▇▇▇ ▇▇▇▇▇▇ has the Gas available time during the three Years following the Year in which payment was made, or before any earlier termination of this Agreement, but the Balancing Gas shall not reduce the Annual Purchase Obligation for each Year. 3.4.3 If in any Year Buyer purchases more than the Annual Purchase Obligation for the reasons listed in Section 3.4 (deducting from actual purchases any Balancing Gas taken during that Year to satisfy prior Years), the Balancing Gas shall be deducted from the Annual Purchase Obligation for the following Year if, in Buyer's opinion, the deduction in the following Year is necessary to comply with the terms of gas purchase agreements with third parties. 3.4.4 The price for Balancing Gas shall be the Price in effect for the Year in which the Balancing Gas should have been purchased as part of the Annual Purchase Obligation. 3.4.5 Balancing Gas does not include Gas which Buyer is not. obligated to purchase from Seller but which Buyer chooses to purchase from Seller.