Performance Shortfall definition

Performance Shortfall means, with respect to any four consecutive calendar quarters beginning with the four-quarter period consisting of the last three calendar quarter of 1996 and the first calendar quarter of 1997, the aggregate EBITDA for such quarters is less than 70% of the aggregate Forecasted EBITDA for such quarters.

Performance Shortfall has the meaning set forth in Section 4.

Performance Shortfall means El Dorado EBITDA is less than $60 million, on a rolling four quarter basis, as of the end of any fiscal quarter of the Company ending on or after June 30, 2017. El Dorado EBITDA shall be reported together with the delivery to Purchaser of the financial statements for the relevant quarter on which El Dorado EBITDA is to be determined and a Performance Shortfall shall be deemed to exist on the date such financials are delivered showing a Performance Shortfall (or, if such financials are not delivered, the date such financials were required to be delivered), unless the Company otherwise provides reasonably adequate calculations to Purchaser demonstrating that no Performance Shortfall exists. The financials described in the foregoing sentence shall be delivered to the Purchaser within 5 days of the required filing date of the 10-Q for the relevant fiscal quarter.

Examples of Performance Shortfall in a sentence

• Impact of Understanding Gaps of Key Control Parties on Building Controls Energy Performance Shortfall (based on Barwig et al.

• If your RSU Award Value exceeds your RSU Performance Goal (with the amount of that excess referred to as the “Performance Shortfall”) then you will forfeit the number of whole RSUs that are equal to the Performance Shortfall divided by the Fair Market Value of Stock on the Award Date ($ ).

• The Concessionaire’s written notice of cure will identify the Performance Shortfall at issue and describe what steps were undertaken to cure it.

• Such a resource shall be considered in the calculation of a Performance Shortfall if it otherwise was needed and would have been scheduled by the Office of the Interconnection to perform, but was not scheduled to operate, or was scheduled down, solely due to: (i) any operating parameter limitations submitted in the resource’s offer, or (ii) the seller’s submission of a market-based offer higher than its cost-based.

• The Performance Shortfall shall be the difference between (a) the Guaranteed Level, and (b) Actual Generation.

More Definitions of Performance Shortfall

Performance Shortfall refers to a situation in which either (i) a solar inverter or the whole System stops generating energy for three (3) daylight hours, or (ii) the Actual Energy generated by the System is calculated with high statistical confidence to be less than 85% of the Expected Energy for twenty-four (24) hours.

Performance Shortfall means a material failure of the Program to meet the financial expectations set forth in the Program Pro Forma which failure presages, in the reasonable judgment of a party, significant long-term underperformance of the Program.

Performance Shortfall for any period means the amount, if any, by which the Performance Target for such period exceeds the Consolidated Performance for such period, provided that if such Consolidated Performance exceeds such Performance Target the Performance Shortfall shall be zero;

Performance Shortfall expressed in MWh, means the failure of the Facility to achieve the Performance Guarantee during the Performance Guarantee Period, as described below, and shall equal the Performance Guarantee minus the actual production of the Facility at the Main Facility Meter measured at the end of each Calendar Month during the Performance Guarantee Period.

Performance Shortfall refers to a situation in which the Actual Energy generated by the System is less than seventy-five (75) percent of the Expected Energy for the System for more than one successive calendar month. The determination that a Performance Shortfall has occurred rests within the sole discretion of Omnidian.

Performance Shortfall shall have the meaning set forth in Clause 14.4. “O&M Performance Security” shall have the meaning set forth in Clause 9.1; “Political Event” shall have the meaning set forth in Clause 17.4;

Performance Shortfall. The Company may, in its discretion, terminate the Employment Period hereunder, without prior notice, in the event of a Performance Shortfall. For purposes of this Agreement, the term “Performance Shortfall” shall mean either of the following: