Shortfall Gas definition

Shortfall Gas shall have the meaning given to it in Article 5;
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Shortfall Gas has the meaning set out in Article 17.1.1.
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Shortfall Gas has the meaning set out in Article 17.1 and shall also include the term “Shortfall”.
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Examples of Shortfall Gas in a sentence

  • The sponsor also has to be satisfied there is agreement on appropriate arrangements to record, report and review significant developments as the research proceeds, particularly those which put the safety of individuals at risk and to approve any modifications to the design, obtain any regulatory authority required, implement them and make them known.

  • It can handle between 500-1,200 MT per hour, and has the most modern equipment.

  • If at the end of the contract year, if there is any amount due to the buyer on account of Sellers Shortfall Gas after adjustments, such amount shall be paid to Buyer by the Seller.

  • For the avoidance of doubt, BUYER shall not have an obligation to enter into any replacement transactions, and the compensation for Shortfall Gas mentioned above shall be the only legal remedy of BUYER in respect of the Shortfall Gas.

  • For purposes of this Section 6.9.3, Monthly Delivery Failure and Monthly Shortfall Gas shall be allocated on a pro rata basis among all On-Sale Agreements with respect to which there have been nominations for delivery of Gas during the Delivery Month during which such Monthly Delivery Failure occurred based on the respective nominations for such On-Sale Agreements for such Month.

  • Testing and adopting the formal Incident Response Plan that will cover procedures and responsibilities involved in case of identified security incident.

  • The amount due to the Buyer on account of any Sellers Shortfall Gas for any Contract Quarter would be reflected in the Credit Note issued to Buyer based on the applicable price, applicable for the last Billing period of the Contract Quarter, which may be adjusted with the Seller’s invoice for the Subsequent billing period/s.

  • The information about financial instruments available on the Portal does not represent any kind of recommendation, risk assessment, or valuation of the relevant financial instruments by the Company.

  • To the extent that the Shortfall Gas for a day does not, absent the application of this Article8.3(a), exceed five percent (5%) of the Proper Nomination minus any amount not made available due to the events listed in Article 8.2(a)(ii) for that day, that Gas shall not be classified as Shortfall Gas and the Seller shall be deemed to have met its obligation to make Gas available for delivery on that day and the Shortfall Gas quantity shall be deemed to equal zero (0).

  • Shortfall Gas is any quantity of Natural Gas not made available by SELLER at Delivery Point in respect of any Day of Delivery Period for reasons other than Force Majeure.


More Definitions of Shortfall Gas

Shortfall Gas. , "Shortfall Notice" and "Shortfall Period" have the respective meanings given in clause 3.64.
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Shortfall Gas means, subject to clause 8.2(h) and clause 8.2(i), for a Buyer in respect of a Day the quantity of Gas up to, but not exceeding, that Buyer’s DCQ for that Day which the Seller fails to Make Available on that Day as a result of breaching its Supply Obligation. To avoid doubt, Shortfall Gas does not include any Gas which the Seller is excused from delivering under this Agreement, including due to Force Majeure (described in clause 16.1), planned Maintenance (described in clause 13.2(a)), unplanned Maintenance (described in clause 13.2(b)) and the operational tolerances (described in clause 8.1 (b)).
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Related to Shortfall Gas

  • Shortfall Amount as defined in Section 2.6.

  • Shortfall Payment has the meaning specified in Section 3.7.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • 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.

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Unpaid Interest Shortfall Amount With respect to the Class A Certificates and the Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii) any Distribution Date after the first Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for the immediately preceding Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for such preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such preceding Distribution Date, plus interest on the amount of interest due but not paid on the Certificates of such Class on such preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • 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.

  • Interest Shortfall With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows:

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).