GEP Shortfall definition

GEP Shortfall means the amount in MWh by which Seller failed to achieve the Guaranteed Energy Production in the applicable Performance Measurement Period.
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GEP Shortfall has the meaning set forth in Section 9.1.
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GEP Shortfall means the amount in MWh by which Seller failed to achieve the
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Examples of GEP Shortfall in a sentence

  • If Seller fails to pay Buyer the GEP Shortfall Damages within sixty (60) days after the end of the GEP Shortfall Makeup Period or RPS Compliance Period, as applicable, Buyer shall have the right to immediately draw the applicable amount of GEP Shortfall Damages owed to Buyer from the Delivery Term Security.

  • During the GEP Shortfall Makeup Period, only Delivered Energy that exceeds the Guaranteed Energy Production for the Contract Year in which the GEP Shortfall Makeup Period occurs will apply towards curing the GEP Shortfall.

  • The foregoing provisions shall not excuse any obligation of Seller with respect to delivery of GEP Shortfall Energy or Replacement Energy, as applicable, arising prior to the occurrence of any Force Majeure event.

  • BECAUSEREASON A callable bond may be viewed as a long position in a bond and a long position in an option.

  • If in any Contract Year of a GEP Termination Period there is a GEP Shortfall and after the close of the GEP Termination Period there is also GEP Termination Event, then Seller’s right to cure the GE...

  • Seller may also cure the GEP Shortfall by procuring Replacement Energy in accordance with Section‌ 9.2. In the event Seller is unable to cure the GEP Shortfall with Delivered Energy or Replacement Energy in accordance with Section 9.2, Seller shall pay Buyer GEP Shortfall Liquidated Damages in accordance with Section 9.3.

  • If Seller is obligated to deliver Facility Energy in excess of the Guaranteed Generation during the GEP Shortfall Makeup Period under Section 9.1, it shall be delivered to Buyer on a delivery schedule directed by Buyer,...

  • If Seller is obligated to deliver Facility Energy in excess of the Guaranteed Generation during the GEP Shortfall Makeup Period under Section 9.1, it shall be delivered to Buyer on a delivery schedule directed by Buyer, considering the as-available nature of the Product.

  • If Seller fails to make up the full amount of any GEP Shortfall Energy by the end of the GEP Shortfall Makeup Period or a GEP Shortfall occurs during the last Contract Year of an RPS Compliance Period, Seller shall ...

  • Any additional costs or expenses associated with delivery of Facility Energy in excess of the Guaranteed Generation during the GEP Shortfall Makeup Period shall be borne by Seller.


More Definitions of GEP Shortfall

GEP Shortfall has the meaning set forth in Section 3.1(e)(ii).
Sample 1
GEP Shortfall means the amount in MWh by which Seller failed to achieve the
Sample 1

Related to GEP Shortfall

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Series Principal Shortfall means with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Note Principal Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the sum of the Note Monthly Principal Distributable Amount plus any outstanding Note Principal Carryover Shortfall for the preceding Payment Date, over the amount in respect of principal that is actually paid as principal on the Notes on such Payment Date.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).