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 achievethe Guaranteed Energy Production in the applicable Performance Measurement Period.
Sample 1Sample 2

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

  • 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.