Deficiency Fee definition

Deficiency Fee means payments to be made by a Committed Shipper as determined in accordance with Section 2.3 of the TSA.

Deficiency Fee means payments to be made by a Committed Shipper for Committed Volume shortfalls, as determined in accordance with such Committed Shipper’s TSA.

Deficiency Fee shall have the meaning given such term in Article VIII.

Examples of Deficiency Fee in a sentence

• The Deficiency Fee shall not be deemed to be or constitute additional interest under the Loan, as it relates specifically and directly to the required deposit balances.

• Failure to maintain the Minimum Deposit Relationship will result in a fee payable to Lender equal to two percent (2%) per annum of the amount of the deficiency (the “Deficiency Fee”), which Deficiency Fee shall be charged automatically without any notice to Borrower.

• If the actual PT is greater than the Quotient, the Shipper(s) of the Cargo shall pay to LOOP a Vessel Performance Deficiency Fee set forth in the Rate Sheet.

• Any Balances Deficiency Fee payable hereunder shall be due and payable quarterly after each Balance Calculation Period within two Business Days after receipt by the Company from any Lender of a statement therefor (a copy of which shall be provided to the Agent) containing the calculations made to determine such Balances Deficiency Fee, which statement shall be conclusive absent manifest error.

• The Vessel Performance Deficiency Fee may be waived by LOOP at its sole option.

More Definitions of Deficiency Fee

Deficiency Fee as defined in Section 8.1.6 of the Agreement.

Deficiency Fee as such term is defined in Section 2.03.

Deficiency Fee means for each Barrel of Raw Product not delivered by Seller to Buyer below the Minimum Volume a fee equal to the product of then current Fixed Component portion of the Monthly Fractionation Fee multiplied by 42.

Deficiency Fee means forty cents (40.0¢) per each Barrel of Volume Deficiency. “Deficiency Make-Up Credit” shall have the meaning set forth in Section 6.4. “Deficiency Payment” shall have the meaning set forth in Section 6.3.

Deficiency Fee means the positive amount, if any, resulting from the product of (i) the difference between the Minimum Monthly Volume and the Actual Monthly Volume and (ii) [***].

Deficiency Fee means the sum of $50,000 in the event that there are no outstanding Advances in each consecutive twelve (12) month period commencing from the date of this Agreement, and in the event there are advances the Deficiency Fee shall equal $50,000, less ($50,000 multiplied by the average monthly amount of outstanding Advances divided by $1,670,000) provided that in no event shall there be a credit to the Borrower. In the event this Agreement is terminated prior to the Termination Date, the average monthly amount of outstanding advances shall be deemed to be zero for the months following the termination of this Agreement, and the Deficiency Fee shall then be due upon termination of this Agreement. 1.30. "E.R." means E.R. Receivables Corp., L.L.C. 1.31. "Eligible Accounts" means Accounts arising out of Consumer Loans, as to which Lender has been granted a first and prior perfected security interest by the Debtors, with respect to which the Account Debtor has made a Payment within the last ninety (90) days and which is presently owned by any Debtor or is part of a Portfolio Proposal approved by Lender. 1.32. "Events of Default" shall have the meaning set forth in Section 12 hereof. 1.33. "Examination Fee" means a field examination fee of Lender not to exceed $750.00 per each day of examination, provided that so long as no Event of Default is continuing, Borrower shall not be required to pay for more than one field examination in any calendar quarter. 1.34. "Financial Statements" mean the financial statements to be furnished to Lender pursuant to Section 9(t). 1.35. "GAAP" means generally accepted accounting principles then in effect and consistent with those applied in the preparation of the financial statements to be delivered pursuant to Section 9(t) hereof.

Deficiency Fee means, with respect to any Collection Period, the fee set forth on Schedule E.