Deficiency Charge definition

Deficiency Charge is defined in Article 6.
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Deficiency Charge means (a) for any Month in which a Monthly * Deficiency Volume occurs prior to REDACTED, an amount (in $/Mcf) equal to (i) for each Mcf of the Monthly Deficiency Volume less than an amount equal * to REDACTED of the Minimum Monthly Quantity for such Month, REDACTED per Mcf and (ii) for each Mcf of the Monthly Deficiency Volume greater than or * equal to an amount equal to REDACTED of the Minimum Monthly Quantity for * such Month, REDACTED per Mcf and (b) for any Month in which a Monthly * Deficiency Volume occurs after REDACTED, an amount (in $/Mcf) equal to (i) for each Mcf of the Monthly Deficiency Volume less than an amount equal to * REDACTED of the Minimum Monthly Quantity for such Month, REDACTED per Mcf and (ii) for each Mcf of the Monthly Deficiency Volume greater than or * equal to an amount equal to REDACTED of the Minimum Monthly Quantity for * such Month, REDACTED per Mcf.
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Deficiency Charge means the deficiency charge prescribed under the Code of Practice (Vehicle Parking Provision in Development Proposals) 2019 Edition;”
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Examples of Deficiency Charge in a sentence

  • The Deficiency Charge will be due at the same time payment is due for Service provided to Customer, or immediately in an amount equal to Customer's Minimum Revenue Commitment for the unexpired portion of the Service Term, if WorldCom terminates this Agreement based on Customer's default.

  • The Deficiency Charge will be due at the same time payment is due for Switched Services provided to Customer for the billing period in which the Deficiency Charge arises, or immediately in an amount equal to Customer's Minimum Revenue Commitment for the unexpired portion of the Service Term, if MCI WorldCom terminates this Agreement based on Customer's default or if Customer terminates this Agreement pursuant to Section 2(A) of the TSA.

  • The Deficiency Charge will be due at the same time payment is due for Service provided to Customer, or immediately in an amount equal to Customer's Minimum Revenue Commitment for the unexpired portion of the Service Term, if (i) Customer cancels all circuits comprising all Service Interconnections as described in the Service Schedules, or (ii) WilTel terminates this Agreement based on Customer's default.

  • The Total Deficiency Charge, if any, will be due within ten (10) days following the end of the Service Term, or immediately in an amount equal to Customer's Total Minimum Revenue Commitment less Customer's actual Monthly Revenue through the effective date of termination if MCI WorldCom terminates this Agreement based on Customer's default.

  • In other words, Customer's liability for charges for Services rendered and the Deficiency Charge, if applicable, will be reduced by any amounts WorldCom collects from Customer's End Users.

  • Any Deficiency Charge amounts that are not credited in accordance with the above shall be retained by Centurion and shall not be refunded to Alon or applied as a credit to payment for such transportation in any subsequent Delivery Period.

  • In the event Customer does not maintain Customer's Minimum Revenue Commitment in any month during the Commitment Period, then for those month(s) only, Customer will pay WilTel the difference between Customer's Minimum Revenue Commitment and Customer's actual Monthly Revenue as described in Section 3 (the "Deficiency Charge").

  • The provision for a Deficiency Charge and a Total Deficiency Charge in this Section 6 is intended, therefore, to establish liquidated damages in the event Customer fails to maintain Customer's Minimum Revenue Commitment and Customer's Total Minimum Revenue Commitment and is not intended as a penalty.

  • The Deficiency Charge will be due at the same time charges are due for Services provided in the month in which the Deficiency Charge arose.

  • If, at the expiration of the Term, Centurion holds any Deficiency Charge amounts that have not been applied as a credit to payment for transportation as provided herein, Centurion shall be under no obligation to refund such Deficiency Charge amounts to Alon.


More Definitions of Deficiency Charge

Deficiency Charge. ("DC") calculated as follows: DC = (SMQ - SQ) (SWACP)(.10) or (ii) a Prepayment Charge ("PC") calculated as follows: PC = (SMQ - SQ) (SWACP) where: SMQ = Summer Period Minimum Quantity, SQ = total quantities purchased here- under during the Summer Period, and SWACP = Summer Weighted Average Commodity Price, the weighted average of all Commodity Prices, as defined in Article VIII, in effect during the Summer Period (weighted by the number of days each such price was in effect). (b) If in any Contract Year Buyer fails to purchase a quantity of gas (the "Contract Year Minimum Quantity") equal to at least sixty percent (60%) of the DCM multiplied by the number of days in the Contract Year, Buyer shall pay Seller either: (i) a Deficiency Charge calculated as follows: DC = (CYMQ - CYQ) (CYWACP)(.20) or (ii) a Prepayment Charge calculated as follows: PC = (CYMQ - CYQ) (CYWACP) where: CYMQ = Contract Year Minimum Quantity. CYQ = total quantities purchased hereunder during the Contract Year.
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Deficiency Charge means, for a Month, in respect of each Requested Service Haul, ninety percent (90%) of the volume weighted average of the Committed Tolls applicable to the Monthly Volume Commitment paid by Xxxxxxx in the immediately preceding twelve (12) Month period in respect of such Requested Service Haul; provided that the Deficiency Charge applicable to the first twelve (12) Months following the Commencement Date will, to the extent a Shortfall Volume occurs during such period, be:
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Related to Deficiency Charge

  • Penalty Charge means a penalty charge which is payable by virtue of paragraph 3(1) and (2) of Schedule 3 to this Act;

  • Penalty Charges means any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest, but excluding any yield maintenance charge or prepayment premium.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Penalty Charge Notice means a notice described in Section 78 of the 2004 Act having effect as if issued or served by a Civil Enforcement Officer or posted by the enforcement authority under any regulations for the time being in force under Section 78 of the 2004 Act.

  • Capacity Charge means a charge for public facilities in existence at the time a charge is imposed or charges for new public facilities to be acquired or constructed in the future that are of proportional benefit to the person or property being charged, including supply or capacity contracts for rights or entitlements, real property interests, and entitlements and other rights of the local agency involving capital expense relating to its use of existing or new public facilities. A “capacity charge” does not include a commodity charge.

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Responsible charge means direct control and personal supervision of engineering or surveying work.

  • Deficiency means a defect, flaw, anomaly, failure, omission, interruption of service, or other problem of any nature whatsoever with respect to a Deliverable, including, without limitation, any failure of a Deliverable to conform to or meet an applicable specification. Deficiency also includes the lack of something essential or necessary for completeness or proper functioning of a Deliverable.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.