Monthly Deficiency Payment definition

Monthly Deficiency Payment means payments to be made to Carrier by a Committed Shipper as determined in accordance with the TSA of such Committed Shipper.

Monthly Deficiency Payment means, for any Month, the dollar amount equal to the product of the Deficiency Volume for such Month multiplied by the applicable Deficiency Rate.

Monthly Deficiency Payment means a payment to be made by a Committed Shipper as determined in accordance with the applicable TSA.

Examples of Monthly Deficiency Payment in a sentence

• The Premiere Companies shall have the right ----------------- to set off against any amounts otherwise payable by a Premiere Company to a WorldCom Company the amount of any unpaid Monthly Deficiency Payment and Late Payment Charge due hereunder.

• If WorldCom does not make a required ------------------- Monthly Deficiency Payment on or before the relevant Payment Date, WorldCom shall also pay a late fee computed daily commencing with the day immediately following the Payment Date on the amount of the unpaid balance of the Monthly Deficiency Payment at the lesser of (a) one and one half percent (1-1/2%) per month or (b) the maximum rate allowed under applicable Law (a "Late Payment Charge").

• The Parties agree that Purchaser will be tangibly damaged if Seller fails to deliver the Minimum Monthly Quantity in any Month and the exact measure of such damages is difficult, if not impossible, to determine, and that payment of the Monthly Deficiency Payment is a reasonable estimate of such damages.

• The Monthly Deficiency Payment represents not only Purchaser's cash margin from the resale of Committed Gas, but also includes reimbursement of trading losses, nonperformance charges assessed to Purchaser because of its inability to redeliver to its buyer, loss of Purchaser's trading liquidity and damage to Purchaser's business reputation as a full service energy marketer, and other similar losses.

• For the [ ] -------------------------------- period beginning [ ] and ending [ ] (the "Minimum Guarantee Period"), WorldCom agrees to pay to Premiere on or before the end of the month (the "Payment Date") following each month (a "Base Month") in the Minimum Guarantee Period, the positive difference, if any, between (a)[ ] and (b) the Aggregate Operating Income received by any Premiere Company for the Base Month (such difference being a "Monthly Deficiency Payment").

More Definitions of Monthly Deficiency Payment

Monthly Deficiency Payment means a payment to be made by a Committed Shipper for failure to transport its Monthly Volume as determined in accordance with such Committed Shipper’s TSA.

Monthly Deficiency Payment means a payment to be made by a Committed Shipper as determined in accordance with such Committed Shipper’s TSA.

Monthly Deficiency Payment has the meaning given to such term in Clause 10(b)(ii).

Monthly Deficiency Payment means a payment to be made by a Committed Shipper [N] or a DAPL Connector Committed Shipper as determined in accordance with the applicable TSA.

Monthly Deficiency Payment has the meaning given to it in Section 6.01 of this Agreement; “Monthly Deficiency Quantity” has the meaning given to it in Section 6.02 of this Agreement; “NEB” means the National Energy Board and any lawful successor agency thereto;

Monthly Deficiency Payment has the meaning given to it in Section 7.02;

Monthly Deficiency Payment means, collectively, the Start-Up Monthly Deficiency Payment, the Ordinary Monthly Deficiency Payment and the Special Monthly Deficiency Payment.