REC Shortfall definition

REC Shortfall means the number of renewable energy certificates (“RECs”) Seller would have delivered to Utility had Seller met the Availability Guarantee.
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REC Shortfall means the RECs attributable to a Shortfall.
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REC Shortfall means the RECs attributable toassociated with a Shortfall.
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Examples of REC Shortfall in a sentence

  • The Replacement Bundled REC price shall be determined by Utility taking the lower of two dealer quotes representing a live offer to sell bundled RECs in a quantity sufficient to cover the REC Shortfall.

  • Seller shall owe Utility the Replacement Bundled REC price, identified by Utility, multiplied by the REC Shortfall.

  • See the Executive Director for the inventory schedule for your classroom.

  • In the case of a REC Shortfall, Seller shall owe Utility the Replacement Bundled REC price, identified by Utility, multiplied by the REC Shortfall.

Related to REC Shortfall

  • 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.