Deficiency Period definition

Deficiency Period means any period of time commencing on the date that the Administrative Agent notifies the Borrower of the existence of a Borrowing Base Deficiency and ending on the date which is six (6) months thereafter.

Deficiency Period has the meaning set forth in Section 10.5.

Deficiency Period means any six (6) month period during which the sum of the aggregate principal balance outstanding under the Notes, plus the LC Exposure, exceeds the Borrowing Base.

Examples of Deficiency Period in a sentence

• Prices paid to the Seller under the Renewable Fixed Price Option for Wind QFs (Tables 5a and 5b) include a reduction for the wind integration costs in Table 7, which cancels out wind integration costs included in the Renewable Avoided Costs during the Renewable Resource Deficiency Period.

• The Renewable Avoided Costs during the Renewable Resource Deficiency Period reflect an increase for avoided wind integration costs, shown in Table 7.

• A Renewable QF choosing the Renewable Fixed Price Option must cede all RPS Attributes generated by the facility to the Company from the start of the Renewable Resource Deficiency Period through the remainder of the PPA term.

• The Applicant will have a period of time determined solely by IFA (Application Deficiency Period) to remedy all deficiency items.

• Seller shall transfer the Green Tags to PacifiCorp in accordance with Section 4.6 during the Renewable Resource Deficiency Period.

More Definitions of Deficiency Period

Deficiency Period means any period commencing upon any date that the Agent determines that (i) the aggregate principal amount of all Senior Debt exceeds the Borrowing Base then in effect or (ii) those ratios with respect to the Term Loans set forth in Section 3.1.3 are not satisfied, and continuing until the date that, pursuant to the redetermination of the Borrowing Base or the determination of a Revised Borrowing Base, or by reason of mandatory prepayments or scheduled repayments, (i) with respect to Revolving Loans, the aggregate outstanding principal amount of Senior Debt no longer exceeds the Borrowing Base or (ii) with respect to Term Loans outstanding,

Deficiency Period is defined in SECTION 2.2(c)(iii).

Deficiency Period has the meaning set forth in Section 1.07(b)(v)(X).

Deficiency Period means any period commencing upon any date when the aggregate Credit Exposures outstanding exceeds the Borrowing Base then in effect less all other Senior Debt outstanding, less 75% of all Additional Subordinated Indebtedness issued since the last redetermination of the Borrowing Base, and continuing until the date that, pursuant to the redetermination of the Borrowing Base, or by reason of mandatory prepayments of the Loans, the aggregate Credit Exposures outstanding no longer exceed the Borrowing Base then in effect less all other Senior Debt outstanding, less 75% of all Additional Subordinated Indebtedness issued since the last redetermination of the Borrowing Base.

Deficiency Period is defined in Section 7.21.

Deficiency Period means, any period during a Measurement Period where Performance is less than the Benchmark. The Performance Fee in any given Measurement Period shall be calculated by subtracting the Benchmark’s return from the Fund’s return expressed as a percentage, and if the result is a positive number, multiplying it by 20%, and then multiplying that result by the market value of the assets held in the Fund. No calculation or accrual of Performance Fees shall occur during a Deficiency Period. Performance Fees will be calculated and accrued on any Business Day that is not in a Deficiency Period and payable by the Fund quarterly in arrears.

Deficiency Period means the Renewable Resource Deficiency Period as defined in Buyer’s Schedule 201, Qualifying Facility 10 MW or Less Avoided Cost Power Purchase Information, approved by the Public Utility Commission of Oregon for service on and after the Effective Date.