Shortfall Cure Period definition

Shortfall Cure Period shall have the meaning set forth in Section 4.3(c)(i) hereof.
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Shortfall Cure Period shall have the meaning set forth in Section 4.3(c)(i) hereof. “Substitute Credit Support” shall have the meaning set forth in Section 6.5(e) hereof. “Summer Period” shall mean the months of June through September.
Sample 1Sample 2
Shortfall Cure Period shall have the meaning set forth in Section 4.3(c)(i) hereof. “Summer Period” shall mean the months of June through September.
Sample 1Sample 2

Examples of Shortfall Cure Period in a sentence

  • The PPA allows HQ to cure a Delivery Shortfall by delivering the Shortfall Cure Amount of Qualified Shortfall Energy to the Distribution Companies during a corresponding period of time in the Shortfall Cure Period – that is, either in the same Contract Year or in the subsequent Contract Year.

  • In the event that a Curable Delivery Shortfall occurs during On-Peak hours, the Shortfall Cure Amount of Qualified Shortfall Energy with respect to such Curable Delivery Shortfall may only be delivered during On-Peak hours during the Shortfall Cure Period.

  • In the event that a Curable Delivery Shortfall occurs during the Winter Period or Summer Period, the Shortfall Cure Amount of Qualified Shortfall Energy with respect to such Curable Delivery Shortfall may only be delivered during the corresponding period of the Shortfall Cure Period.

  • For example, in the event of a Curable Delivery Shortfall, the Shortfall Cure amount of Qualified Shortfall Energy may only be delivered during the corresponding period of the Shortfall Cure Period during the off peak/on peak, i.e. if the shortfall occurs in the Winter Period as defined inthe PPAs, then the delivery of the shortfall cure energy must take place in the corresponding Winter Period of the Shortfall Cure Period (Exhs.

  • Additionally, under section 9.2(f) of the PPAs, if "[t]he aggregate Uncured Delivery Shortfalls in any Shortfall Cure Period are more than twenty percent (20%) of the Guaranteed Qualified Clean Energy for such Shortfall Cure Period (a 'Defaulted Delivery Shortfall')," HQUS has defaulted on the PPAs. Only shortfalls due to transmission line failures are counted when calculating the ratio of defaulted delivery shortfalls.

  • On this point, NEPGA noted that:The PPAs allow HQ to cure a Delivery Shortfall by delivering the Shortfall Cure Amount of Qualified Shortfall Energy to the Distribution Companies during a corresponding period of time in the Shortfall Cure Period – that is, either in the same Contract Year or in the subsequent Contract Year.

  • If, at the end of any Contract Year, (x) the amount of Non-TSA Delivery Shortfalls in such Contract Year exceeds the amount, expressed in MWh, equal to the Contract Maximum Amount, multiplied by 720, or (y) there are any other Uncured Delivery Shortfalls for the Shortfall Cure Period ending at the end of such Contract Year for which Cover Damages have not previously been paid, then Seller shall pay Buyer an amount for such Uncured Delivery Shortfalls equal to the Cover Damages.

  • For example, if a Curable Delivery Shortfall occurs during On-Peak hours during the Winter Period, the Shortfall Cure Amount of Qualified Shortfall Energy with respect to that Curable Delivery Shortfall must be delivered during On-Peak hours in the Winter Period during the Shortfall Cure Period.


More Definitions of Shortfall Cure Period

Shortfall Cure Period has the meaning set forth in Section 9.2. “Shortfall Damages” has the meaning set forth in Section 9.3. “Shortfall Energy” has the meaning set forth in Section 9.1.
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Related to Shortfall Cure Period

  • Initial Cure Period As defined in Section 2.03(b).

  • Shortfall Amount as defined in Section 2.6.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Company Cure Period has the meaning specified in Section 10.01(b).

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Shortfall means, with respect to a Distribution Date, the excess (if any), of the sum of the amounts payable pursuant to clauses (v) through (viii) of Section 7.05 over Available Monies for such Distribution Date minus the amounts payable pursuant to clauses (i) through (iv) of Section 7.05 on such Distribution Date.

  • 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.

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Event Period shall have the meaning assigned to such term in Section 7.2 hereof.

  • Curtailment Period means the period of time during which Seller reduces generation from the Project, pursuant to a Curtailment Order. The Curtailment Period shall be inclusive of the time required for the Project to ramp down and ramp up; provided that such time periods to ramp down and ramp up shall be consistent with the Ramp Rate designated in the Cover Sheet.

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • 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.

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

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

  • Rating period means the calendar period for which premium rates established by a small employer carrier are assumed to be in effect.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.