Shortfall Charge definition

Shortfall Charge has the meaning set forth in Section 2.3.1.2 hereof.
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Shortfall Charge means the per unit charge for each MMBtu not delivered up to the Minimum Monthly Quantity and is comprised of the DTI Demand Charge plus the Baseload Marketing Fee.
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Shortfall Charge means the charge incurred by the City for failure to meet the City’s Minimum Annual 380 Delivery Requirement (i.e., if the actual tonnage delivered and paid for is less than the committed tons).
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Examples of Shortfall Charge in a sentence

  • Third Party Suppliers who fail to adhere to this requirement and have a negative cumulative imbalance (in aggregate the Customers used more gas than was delivered in aggregate by the Third Party Supplier), will be charged at the delivery Shortfall Charge for the volume required to bring them to a 10% imbalance.

  • The Transmission Owner responsible, as determined pursuant to Section 20.2.4.4, for a Qualifying DAM Outage or Qualifying DAM Return-to-Service shall be allocated an O/R-t-S Congestion Rent Shortfall Charge or an O/R-t-S Congestion Rent Surplus Payment pursuant to Sections 20.2.4.2.2 or 20.2.4.2.3.20.2.4.2.1.1 Definition of Qualifying DAM Outage A “Qualifying DAM Outage” shall be defined to mean either an Actual Qualifying DAM Outage or a Deemed Qualifying DAM Outage.

  • The Transmission Owner responsible, as determined pursuant to Section 20.2.4.4, for a Qualifying DAM Outage or Qualifying DAM Return-to-Service shall be allocated an O/R-t-S Congestion Rent Shortfall Charge or an O/R-t-S Congestion Rent Surplus Payment pursuant to Sections 20.2.4.2.2 or 20.2.4.2.3. 20.2.4.2.1.1 Definition of Qualifying DAM Outage A “Qualifying DAM Outage” shall be defined to mean either an Actual Qualifying DAM Outage or a Deemed Qualifying DAM Outage.

  • If CUSTOMER fails to meet any Minimum Revenue Commitment in a Commitment Period, then CUSTOMER will pay a Shortfall Charge equal to the difference between the Minimum Revenue Commitment and the amount of Eligible Charges for that Minimum Revenue Commitment incurred during the Commitment Period.

  • The Transmission Owner responsible, as determined pursuant to Section 20.2.4.4, for a Qualifying DAM Outage or Qualifying DAM Return-to-Service shall be allocated an O/R-t-S Congestion Rent Shortfall Charge or an O/R-t-S Congestion Rent Surplus Payment pursuant to Sections 20.2.4.2.2 or 20.2.4.2.3. 20.2.4.2.1.1 Definition of Qualifying DAM Outage A “Qualifying DAM Outage” shall be defined to mean either an Actual QualifyingDAM Outage or a Deemed Qualifying DAM Outage.

  • If the MARC/MRC-Eligible Charges of either of TA or FVE fall below their respective Pro-Rata Percentage (as adjusted) at any time, TA or FVE, as the case may be, will be solely responsible for the Shortfall Charge attributable thereto and will reimburse RMR an amount equal to Shortfall Charge attributable thereto, promptly on demand.

  • 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.

  • ORA and SDG&E argue that this is not fair.On the other hand, various parties representing CustomerGeneration interests take the opposite position, arguing that even the Shortfall Charge is too much, and that in fact, no shortfall charge should be assessed at all, particularly for certain preferred categories of alternative generation.

  • For the avoidance of doubt, under no circumstances will the Adjustment Charge or Shortfall Charge be payable by us to you.

  • If the Agreement were altered to apply a uniform Bond Chargeequivalent that applied to direct access customers, then the whole calculation and qualification sections of Section 5.3 would become superfluous (with the exception of 5.3.3 which allows a lump sum payment of the bond charge).Settling Parties defend the 72% Shortfall Charge, arguing that itmerely represents an alternative rate design.


More Definitions of Shortfall Charge

Shortfall Charge. The Shortfall Charge for any month will be calculated by subtracting one third (1/3rd) of the sum of all invoices billed to Buyer by Seller for Products shipped during the applicable month and the two months preceding the applicable month (each such rolling three (3) month period is referred to as a "Measurement Period"), from $900,000, then multiplying that figure by the Applicable Percentage from the following table: Last Month of Measurement Period Applicable Percentage -------------------------------- --------------------- 11/2002 through 1/2003 5% 2/2003 through 4/2003 5% 5/2003 through 7/2003 10% 8/2003 through 10/2003 15% 11/2003 through 1/2004 20% 2/2004 and thereafter 25% For example, if in 2/2003, the sum of the total invoices for Products shipped is $800,000.00, and the total for the first preceding month was $750,000.00 and the second preceding month was $850,000.00, then Buyer shall pay to Seller a Shortfall Charge of $5,000.00 for that Measurement Period (1/3rd of three month total ($2,400,000/3 = $800,000) deducted from $900,000 = $100,000 x 5% = $5,000). The Seller shall invoice Buyer and provide sufficient detail on how the Shortfall Charge is calculated. Payment of any Shortfall Charge is due net sixty (60) days after the invoice date. Notwithstanding the provisions above, (i) no Shortfall Charge shall be due and payable for any month in which on-time delivery (as defined below) falls below 90%; (ii) the amount on which the Shortfall Charge is calculated shall be reduced (but not below zero) by the dollar amount of all units during the month that are not delivered on time. For purposes of this Agreement, "on-time delivery" shall be measured on a monthly basis and shall be calculated as the number of units delivered on schedule during the month over the number of units delivered or scheduled to be delivered during the same month.
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Shortfall Charge means for Schedule 1 Sites or Schedule 2 Sites (as applicable) for a Jurisdiction, the greater of zero and the amount calculated using the below formula:
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Shortfall Charge means the proportion of: (a) any unit shortfall charge (as defined under the Clean Energy Scheme) that is imposed on the Seller or a Related Corporation under the Clean Energy Scheme; or
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Shortfall Charge shall be an amount equal to the difference between the Minimum Minute Commitment [___*___] and Customer's actual minutes of use of DIPT Service for the month multiplied by the Average Per-Minute Rate. The "Average Per-Minute Rate" ("APMR") equals the average rate per minute charged to Customer by XO for DIPT Service during the ninety (90) day period preceding the date of the Shortfall Charge calculation. [For example, Customer's minutes of usages during a month after the Ramp Period equals [___*___]. Shortfall minutes equal [___*___] (MMC less [___*___]). The Shortfall Charge would equal the [___*___] minutes multiplied by the AMPR. Assuming the APMR for the 90 days preceding the date of calculation of the Shortfall Charge is $0.0116, the Shortfall Charge would equal [___*___] In the event of a default or termination under Section J of the XO Terms, and in lieu of the early termination charges set forth in the XO Terms, Customer agrees, as liquidated damages, to pay an early termination charge equal to the MMC for the remaining Term of the Agreement (MMC multiplied by the number of months remaining in the Term) multiplied by the APMR (based on the 90 day average immediately preceding the date of termination).
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Shortfall Charge. , means the charge incurred by the City for failure to meet the City’s Minimum Annual
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Shortfall Charge. The "SHORTFALL Charge" will be calculated by subtracting the sum of all invoices billed to Buyer by Seller for Products shipped during any applicable month from One Million Dollars ($1,000,000.00), then multiplying that figure by 25%. For example, if in one month, the sum of the total invoices for Products shipped is $900,000.00, then Buyer shall pay to Seller a Shortfall Charge of $25,000.00. The Seller shall invoice Buyer and provide sufficient detail on how the Shortfall Charge is calculated. Payment is due net thirty (30) days after the invoice date. Should buyer fail to make payment within thirty (30) days after the invoice date, Seller may, at its sole option, (i) cease shipments to the Buyer or other destinations designated by Buyer, and/or (ii) make partial or all future shipments on a C.O.D. basis until such delinquency has been paid. Interest at the rate of one percent (1.0%) per month shall accrue and be charged on all late payments. Non-payment of a monthly Shortfall Charge constitutes a material breach under Paragraph 8.2(a) and Paragraph 8.2(b) and all rights and remedies of the Seller to enforce the continued Minimum Volume Requirement remain in effect for the life of the Agreement.
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Related to Shortfall Charge

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

  • Shortfall Payment has the meaning specified in Section 3.7.

  • 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.

  • 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.

  • 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.

  • Shortfall means the ACP emissions minus the ACP limit when the ACP emissions were greater than the ACP limit during a specified compliance period, expressed to the nearest pound of VOC. Shortfall does not include emissions occurring prior to the date that the ACP agreement approving an ACP is signed by the board.

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

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

  • Capacity Charge means a charge for public facilities in existence at the time a charge is imposed or charges for new public facilities to be acquired or constructed in the future that are of proportional benefit to the person or property being charged, including supply or capacity contracts for rights or entitlements, real property interests, and entitlements and other rights of the local agency involving capital expense relating to its use of existing or new public facilities. A “capacity charge” does not include a commodity charge.

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

  • No Charge Bid When Bids are requested on a number of Products as a Group or Lot, a Bidder desiring to Bid “no charge” on a Product in the Group or Lot must clearly indicate such. Otherwise, such Bid may be considered incomplete and be rejected, in whole or in part, at the discretion of the Commissioner.

  • 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.

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

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Shortfall Amount as defined in Section 2.6.

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • transaction charge means any amount charged to a client by a registered firm in respect of a purchase or sale of a security and includes any federal, provincial or territorial sales taxes paid on that amount;

  • Annual Debt Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Company and its Subsidiaries.

  • Minimum Interest Charge has the meaning given in Section 2.2(b).

  • Penalty Charge means a penalty charge which is payable by virtue of paragraph 3(1) and (2) of Schedule 3 to this Act;

  • 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).

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

  • 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.

  • Energy Charge means a charge for each kilowatt-hour (kWh) of electrical energy;

  • Facility Charge means one percent (1%) of the Maximum Term Loan Amount.

  • Monthly Servicing Fee shall have the meaning specified in subsection 3.01.