Shortfall Liquidated Damages definition

Shortfall Liquidated Damages has the meaning set forth in Section 9.3.
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Shortfall Liquidated Damages has the meaning set forth in Section 5.09. “Shortfall Period” has the meaning set forth in Section 5.09.
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Shortfall Liquidated Damages shall have the definition set forth in the Power Purchase Agreement
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Examples of Shortfall Liquidated Damages in a sentence

  • All items in a Unit member's Official Academe File (OAF) or Official Employment File (OEF) shall carry the official stamp of the Xxxxxxx/Vice President of Academic Affairs or Director of Human Resources respectively.

  • The Parties acknowledge and agree that (i) the damages that Buyer would incur due to shortfalls in Delivered Energy would be difficult or impossible to predict with certainty, and (ii) it is impractical and difficult to assess actual damages in those circumstances and, therefore, Shortfall Liquidated Damages are a fair and reasonable calculation of such damages.

  • Performance Guarantees Shortfall Liquidated Damages: Seller guarantees that the Project will meet or exceed an [X]MW guaranteed capacity of the Project prior to Mechanical and/or Substantial Completion.

  • If Seller’s payment of Shortfall Liquidated Damages would cause its aggregate payments for the Output Period to exceed the Output Period Shortfall Liquidated Damages Cap, Seller shall have the option to pay such damages in excess of the Output Period Shortfall Liquidated Damages Cap.

  • Format of Budget Documents• Paragraph 4 has been amended to reflect the information which is contained in the support documents to the Budget Bill.

  • In addition, Contractor shall pay any Capacity Shortfall Liquidated Damages or ITC Liquidated Damages pursuant to this Article within seven (7) Days after receipt of demand therefor.

  • Calculation of Liquidated Damages Capacity Shortfall Liquidated Damages Calculation Contractor guarantees that, upon the conclusion of the Capacity Test described in this Appendix U and the attachments hereto conducted in accordance with the Capacity Test Procedures, Measured Capacity shall be at least equal to the Guaranteed Capacity (the “Capacity Guarantee”).

  • The combined maximum ceiling for the Delay Liquidated Damages, Shortfall Liquidated Damages and Deployment Shortfall Liquidated Damages shall be as specified in the Service Order.

  • If X is less than 100%, Capacity Shortfall Liquidated Damages shall be payable by Contractor to Owner.

  • The Capacity Shortfall Liquidated Damages = (100% - X) * Contract Price * 1.25 [as specified in the EPC] Contract Price Contractor shall provide a Capacity Performance Test Report to the Owner within fifteen (15) days following the test completion.


More Definitions of Shortfall Liquidated Damages

Shortfall Liquidated Damages has the meaning set forth in Section 9.3(a). “Shortfall Makeup Period” has the meaning given in Section 9.1.
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Related to Shortfall Liquidated Damages

  • SPECIAL LIQUIDATED DAMAGES means the amount payable by the Transport Supplier in case of default arising out of Non-availability of vehicle(s)/crew when the Company's operations are normal and also Non-availability of services due to unauthorized / lightening strike by Transport Supplier or his/her crew for any reason whatsoever. The period of non-availability of services will be treated as shutdown and shall attract Special Liquidated damage at the rate of twice the pro- rata fixed charge per day. Special L.D. shall be levied irrespective of whether such default resulted in a shutdown for the whole day or part thereof.

  • Delay Liquidated Damages has the meaning set forth in Section 13.1.

  • Liquidated Damages shall have the meaning set forth in Section 2(e) hereof.

  • Liquidated Damages Amount has the meaning set forth in Section 2(e) hereof.

  • Performance Liquidated Damages means any liquidated damages resulting from the Project’s performance which are required to be paid by the EPC Contractor or any other Material Project Party for or on account of any diminution to the performance of the Project.

  • Liquidated Damages Multiplier means, with respect to a particular Purchaser, (i) the product of the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

  • Shortfall Payment has the meaning specified in Section 3.7.

  • 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.

  • 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.

  • Shortfall Amount as defined in Section 2.6.

  • 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:

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Damages Payment Date With respect to the Series A Notes, each Interest Payment Date.

  • Additional Interest Amount means, with respect to Trust Securities of a given Liquidation Amount and/or a given period, the amount of Additional Interest paid by the Depositor on a Like Amount of Notes for such period.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • 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.