Examples of Non-Performance Charge in a sentence
As further detailed in Section 10A of this Attachment, Capacity Performance Resources that fail to meet this obligation will be subject to a Non-Performance Charge, unless excused pursuant to Section 10A(d) of this Attachment.
For greater certainty, the Non-Performance Charge shall not apply to that portion of shortfalls caused by an event of Force Majeure or pursuant to Section 12.
During periods of apportionment, if the volume of Petroleum Tendered by Shipper on any Day is less than Shipper's apportioned volume by more than 5% of the apportioned volume, Shipper shall pay to Carrier a per Cubic Metre charge (the "Non-Performance Charge") for each Cubic Metre of the difference between that Shipper's apportioned volume for such Day and the volume Tendered by Shipper on that Day.
The Non-Performance Charge in effect from time to time shall be set forth in the Toll Schedule.
As further detailed in Section 10A of this Attachment, Base Capacity Resources that fail to meet this obligation will be subject to a Non-Performance Charge, unless excused pursuant to Section 10A(d) of this section.
All Capacity Performance Resources that clear in a Capacity Performance Transition Incremental Auction will be subject to the Non-Performance Charge set forth in Tariff, Attachment DD, section 10A.
During periods of apportionment, if the volume of Petroleum Received from the Shipper on any Day is less than Shipper's apportioned volume by more than 5% percent of the apportioned volume, Shipper shall pay to Carrier a per Cubic Metre charge (the "Non-Performance Charge") for each Cubic Metre of the difference between that Shipper's apportioned volume for such Day and the volume Nominated by Shipper on that Day.
The Non-Performance Charge in effect from time to time shall be set forth in the most current posted tariff of the Carrier.
Assuming that the Performance Bonus Payment rate and the Non-Performance Charge rate (Net CONE divided by the number of Performance Assessment Hours in a delivery year) are equal, a resource’s opportunity cost is therefore the product of the number of Performance Assessment Hours in a delivery year, the Balancing Ratio, and the Non- Performance Charge rate.
For greater certainty, the Non-Performance Charge shall not apply to that portion of shortfalls caused by an event of Force Majeure.