Production Shortfall Charge definition

Production Shortfall Charge has the meaning set forth on Exhibit C.
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Production Shortfall Charge means, for each year, in the amount set forth in the table below applicable to any Production Shortfall.
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Examples of Production Shortfall Charge in a sentence

  • Seller’s payment of the Production Shortfall Charge shall be Buyer’s sole and exclusive remedy for Seller’s failure to cause the Solar Energy Facility to produce the Guaranteed Electric Output in each applicable Guaranteed Period.

  • Example for illustration purposes only: Example: Minimum Guaranteed AnnualkWhExample: Actual Annual kWhExample Production Shortfall Charge perkWhExample: Account Credit to You $ $ If at the end of each successive Contract Year the Actual Annual kWh is greater than the Minimum Guaranteed Annual kWh applicable to such Contract Year, this surplus will be carried over and will be used to offset any deficits that may occur in future Contract Years.

  • In the event that a Production Shortfall exists in any Guaranteed Period, unless excused by Force Majeure, Seller shall pay to Buyer, as liquidated damages and not as a penalty, within thirty (30) days of the end of such Guaranteed Period, the Production Shortfall Charge set forth in Exhibit C for each kWh of such Production Shortfall.

  • If at the end of each successive twelve (12) month anniversary of your first monthly payment (each a “Contract Year”) the cumulative Actual Annual kWh (defined below) generated by the System is less than the Minimum Guaranteed Annual kWh, then we will credit your account in an amount equal to the Production Shortfall (as defined below) multiplied by the Production Shortfall Charge (defined below).

  • For example, if the first Contract Year commences on October 1, 2018 and ends on September 30, 2019, and the Actual Annual kWh generated by the System during such Contract Year is less than the Minimum Guaranteed Annual kWh, we will credit your account for the difference multiplied by the Production Shortfall Charge within thirty (30) days after December 31, 2019.

Related to Production Shortfall Charge

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • 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.

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • 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.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series in Group One, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Shortfall Amount as defined in Section 2.6.

  • 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.

  • Sales Charge and "Dealer Commission" apply only to the Load Funds and the CDSC Funds. All commissions and concessions are subject to change without notice by us and will comply with any changes in regulatory requirements. You agree that you will not combine customer orders to reach breakpoints in commissions for any purpose whatsoever unless authorized by the Prospectus or by us in writing.

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

  • 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.

  • Series Principal Shortfall means with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date.