Nomination and Gas Balancing Sample Clauses

The Nomination and Gas Balancing clause establishes the procedures by which parties to a gas supply agreement communicate their expected gas requirements (nominations) and manage any differences between nominated and actual gas quantities (balancing). Typically, this clause outlines the timelines and methods for submitting nominations, the responsibilities of each party in monitoring gas flows, and the mechanisms for resolving imbalances, such as financial settlements or physical adjustments. Its core function is to ensure that gas deliveries align with contractual expectations, minimizing disputes and operational inefficiencies caused by over- or under-delivery.
Nomination and Gas Balancing. (a) The User and Evoenergy must comply with the Gas Balancing Annexure. (b) The User warrants that each nomination made under this Agreement will be made in accordance with the Gas Balancing Annexure.
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Nomination and Gas Balancing. (a) Not used. (b) Not used. (c) Evoenergy may from time to time acting reasonably establish different arrangements for gas balancing in the Network.
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Related to Nomination and Gas Balancing

  • 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.