Output Shortfall definition

Output Shortfall is defined in Section 6.12.2.
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Output Shortfall has the meaning set forth in Section B(2)(b) of this Exhibit F.
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Output Shortfall has the meaning set forth in Section 6.11.2.
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Examples of Output Shortfall in a sentence

  • If the product of the Output Shortfall calculation set forth in Section 6.12.2(b) is a negative number, Seller shall not be obligated to pay PacifiCorp liquidated damages for such Contract Year.

  • In the case of the Seller failing to achieve the Output Guarantee in the prior Rolling Period, Seller shall also provide a report (and supporting data) to PacifiCorp detailing the Output Shortfall for the first Contract Year occurring during such Rolling Period.

  • If the Availability in any given Contract Year falls below the Guaranteed Availability for that Contract Year, the resulting shortfall shall be expressed in MWh as the “Output Shortfall.” The Output Shortfall shall be calculated in accordance with the following formula: Output Shortfall = (Guaranteed Availability – Availability) x Expected Energy.

  • If an Output Shortfall occurs in any given Contract Year, Seller shall pay PacifiCorp liquidated damages equal to the product of (a) the Output Shortfall for that Contract Year, multiplied by (b) PacifiCorp's Cost to Cover for that Contract Year.

  • The occurrence of an Output Shortfall for three (3) consecutive Contract Years shall be a Seller Event of Default, and Utility shall be entitled to the rights and remedies set forth in Section 11 of the Agreement.

  • The Output Shortfall shall be expressed in MWh and calculated in accordance with the following formula: Output Shortfall = (85% of the Expected Output for the Contract Year).

  • In the event the replacement energy procured by Utility as a result of Seller’s failure to deliver the Output Shortfall results in incremental ancillary services and transmission costs, an amount equal to such costs incurred by Utility, provided however that Utility shall provide commercially reasonable evidence that it incurred such costs as a result of Seller’s failure to deliver in accordance with the Output Guarantee.

  • Thirty (30) days after PacifiCorp has received the report and all support data, if there is an Output Shortfall, PacifiCorp shall deliver to Seller an invoice showing PacifiCorp's computation of liquidated damages calculated pursuant to Section 6.12.

  • On the thirtieth (30th) day following the end of each Contract Year, PacifiCorp shall deliver to Seller an invoice showing PacifiCorp's computation of Net Output and Output Shortfall, if any, for the prior Contract Year and any amount due PacifiCorp for liquidated damages pursuant to this Section 6.12.

  • Following the end of each Contract Year, Utility will deliver to Seller an invoice showing in reasonable detail the Utility’s computation of Output Shortfall, if any, for the prior Contract Year and any amount due to Utility for damages calculated pursuant to this Exhibit F.


More Definitions of Output Shortfall

Output Shortfall has the meaning set forth in Section B(2)(b) of this Exhibit F. “Performance Guarantee” has the meaning set forth in Section B(1) of this Exhibit F.
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Output Shortfall shall have the meaning set forth in Section 11.4.1. SAMPLE
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Output Shortfall means, in a given Winter Period, the positive amount, if any, of the Guaranteed Winter Period Output minus Purchaser’s Output in such Winter Period.
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Related to Output Shortfall

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

  • Interest Shortfall With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows:

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution 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.