Production Shortfall definition

Production Shortfall has the meaning set forth in Section 6.4.

Production Shortfall means the amount, expressed in kWh, by which the actual amount of Electricity generated by the System in any Contract Year is less that the Guaranteed Annual Electricity Output for that Contract Year.

Production Shortfall means the amount, expressed in kWh, by which the actual amount of Net Energy generated by the PV System in any Contract Year is less than the Guaranteed Annual Energy Output for that Contract Year.

Examples of Production Shortfall in a sentence

• In the event Purchaser secures Purchaser Obtained Coke, then it shall use commercially reasonable efforts to limit its use of Purchaser Obtained Coke to the time period for which Purchaser reasonably believes, based on facts and circumstances disclosed in Writing to Purchaser by Seller, that a Coke Production Shortfall will not be covered by Coke or Third Party Supplied Coke Tonnage.

• If Seller does not comply with Seller’s Reasonable Assurance Obligations then, subject to Section 6.5, it shall exercise commercially reasonable efforts to obtain Third Party Supplied Coke in respect of such Coke Production Shortfall.

• Given the forgoing, the underproduction of refined gold during the 12-month period ending June 30, 2014 is equal to 91.8% and, therefore, a Production Shortfall Payment of US$27,549,600 is owed to Macquarie under the gold stream transactions.

• In light of the above, the Corporation has recorded a liability of $27,549,600 as the Production Shortfall Payment.

• MRDM and the Corporation have elected to defer payment of the Production Shortfall Payment accordingly.

More Definitions of Production Shortfall

Production Shortfall means the difference between the GEP minus the actual energy production measured by the utility grade meter located at the POCC.

Production Shortfall means, for each Guaranteed Period, the amount expressed in kWh by which (a) the average of the Net Energy delivered to Buyer in the then current Contract Year and in each of the immediately preceding two (2) Contract Years is less than (b) the Guaranteed Electric Output for such Guaranteed Period.

Production Shortfall shall have the meaning set forth in Section 5.3(a)(i).

Production Shortfall means the lesser of (a) the Support Threshold minus Actual Production or (b) the Shortfall Cap; provided, however, that the Production Shortfall cannot be less than zero.

Production Shortfall means, for any Measurement Period, the amount, if any, measured in kWh, by which the Actual Annual kWh is less than the Minimum Guaranteed Annual kWh for such Measurement Period.

Production Shortfall has the meaning given in Section 5.25.2 of the Credit Agreement.

Production Shortfall means the amount, expressed in kWh, by which the actual amount of Electricity generated by the Facilities in any Contract Year is less than the Guaranteed Annual Electric Output.