Cumulative Imbalance definition

Cumulative Imbalance has the meaning given in clause 8.2(a).
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Cumulative Imbalance means as of the end of any gas day, the sum of the total cumulative daily Imbalance Quantities outstanding at the start of the day (which shall be zero on the start date, but for each subsequent day shall be the Cumulative Imbalance Quantity carried over from the end of the previous day) plus the daily Imbalance Quantity for such day;
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Cumulative Imbalance has the meaning given in clause 8.3. Curtailment means a reduction in the provision of the Service in accordance with clause 17, and Curtail and Curtailed have corresponding meanings.
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Examples of Cumulative Imbalance in a sentence

  • To correct a Cumulative Imbalance and satisfy the Service Provider's operational requirements, the Shipper must amend the forecasts it provides under third party service agreements with operators of upstream facilities or submit change requests to its delivery nominations to the Service Provider.

  • The Service Provider will monitor and record a running total of the Shipper's daily Imbalance, at the end of each Day, for each Zone cumulating the Imbalances into an aggregated total (Cumulative Imbalance).


More Definitions of Cumulative Imbalance

Cumulative Imbalance means a cumulative imbalance arising pursuant to a TC ("Ecart de Bilan Cumulé" or "Ecart Cumulé");
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Cumulative Imbalance means the sum, whether positive or negative, of the uncorrected Draft Imbalances and Pack Imbalances incurred on each Day.
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Cumulative Imbalance means the sum of (1) any imbalance carried forward from an immediately preceding month to the next succeeding month, plus (2) any imbalance based on the delivery and receipt of gas hereunder during such succeeding month.
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Related to Cumulative Imbalance

  • Cumulative impact means the potential impact on the promotion of the licensing objectives of a significant number of licensed premises concentrated in one area. The cumulative impact of licensed premises on the promotion of the licensing objectives is a proper matter for a licensing authority to consider in developing its licensing policy statement.

  • Cumulative Net Loss Test With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage December 2015 to November 2016 0.10% December 2016 to November 2017 0.20% December 2017 to November 2018 0.30% December 2018 to November 2019 0.40% December 2019 to November 2020 0.50% December 2020 to November 2021 0.60% December 2021 to November 2022 0.70% December 2022 to November 2023 0.80% December 2023 to November 2024 0.90% December 2024 to November 2025 1.00% December 2025 to September 2026 1.10% October 2026 to November 2027 1.20% December 2027 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.

  • Cumulative Common Unit Arrearage means, with respect to any Common Unit, whenever issued, and as of the end of any Quarter, the excess, if any, of (a) the sum of the Common Unit Arrearages with respect to an Initial Common Unit for each of the Quarters within the Subordination Period ending on or before the last day of such Quarter over (b) the sum of any distributions theretofore made pursuant to Section 6.4(a)(ii) and the second sentence of Section 6.5 with respect to an Initial Common Unit (including any distributions to be made in respect of the last of such Quarters).