Overburden Shortfall definition

Overburden Shortfall means the quantity of Coal determined as follows:
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Overburden Shortfall meansthe difference (shortfall) of actual quantity of Overburden removed from the Scheduled Overburden Quantity.
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Overburden Shortfall means the difference (shortfall) of actual quantity of Overburden removed from the Scheduled Overburden Quantity. Illustration for calculation of percentage of Development Shortfall: In an Accounting Year, if Scheduled Development Length(s) for ‘Development 1’, ‘Development 2’, ‘Development 3’ and ‘Development 4’ are 100m, 100m, 100m and 200m respectively and actual development lengths are 120m, 50m, 50m and 200m respectively, then, the Development Shortfall is 100m (i.e., 0m+50m+50m+0m) and the percentage of Development Shortfall is 20 (Development Shortfall X 100/ Scheduled Development Length, i.e 100m X 100/500m = 20). Hence, the Development Guarantee shall be 20% of the Performance Security. If the Mine Operator fails to submit the requisite amount of the Development Guarantee/Overburden Guarantee, the Authority shall withhold the payment of the Monthly Invoice for an equivalent amount of such Development Guarantee/ Overburden Guarantee.
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Related to Overburden Shortfall

  • 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.

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class B Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed to the class B noteholders on that distribution date.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Shortfall means, with respect to a Distribution Date, the excess (if any), of the sum of the amounts payable pursuant to clauses (v) through (viii) of Section 7.05 over Available Monies for such Distribution Date minus the amounts payable pursuant to clauses (i) through (iv) of Section 7.05 on such Distribution Date.