Shortfall Payments definition

Shortfall Payments means payments to be made by a Committed Shipper as determined in accordance with Article 7 of the TSA.

Shortfall Payments means the difference between any Bond Payment Amount less the amount in the Allocation Fund, which Shortfall Payments shall be paid by the Company into the Allocation Fund.

Shortfall Payments has the meaning set forth in Section

Examples of Shortfall Payments in a sentence

• Committed Shippers who fail to meet their Monthly Volume requirements in a month, or who pay Shortfall Payments during any period when Carrier is unable to provide Services by reason of an event of Force Majeure, will be subject to uniform provisions for Committed Shippers with respect to their ability to make up those volumes in subsequent months and their corresponding payment obligations all as set forth in the TSA.

• The Operator shall invoice the Company monthly (or, in the case of any Shortfall Payments, quarterly) for all fees and payments under this Agreement.

• During the Notice Period, the Company shall remain liable for Shortfall Payments and all payments per Section 3.6 and Section 3.10 with respect of Capital Expenditures hereunder.

• The Company will make payments to the Operator on a monthly (or, in the case of any Shortfall Payments, quarterly) basis during the Term with respect to amounts due to the Operator under this Agreement in the prior month (or, in the case of any Shortfall Payments, Contract Quarter) ten (10) days after its receipt of such invoice.

• Committed Shippers who fail to meet their Monthly Volume requirements in a month, or who pay Shortfall Payments during any period when Carrier is unable to provide all or part of the Services by reason of an event of Force Majeure, will be subject to uniform provisions for Committed Shippers with respect to their ability to make up those volumes in subsequent months and their corresponding payment obligations all as set forth in the TSA.

• Invoices for Cargo Shortfall Payments owed to Seller by Buyer shall be prepared by Seller and delivered to Buyer promptly following the Delivery Window for each affected cargo.

• Shortfall Payments shall be equal to the weighted average Terminalling Service Fee paid by Tesoro during that Month across all of the Terminals, multiplied by the aggregate monthly shortfall across all Terminals.

• Buyer may setoff any amounts due from Seller for Availability Shortfall Payments.

• During the Notice Period, the Company shall remain liable for Shortfall Payments.

• If after five consecutive Shortfall Payments, Licensee fails to satisfy clauses (i) or (ii), the Noncompetition Term expires on December 31st in the year in which the last Shortfall Payment was made.

More Definitions of Shortfall Payments

Shortfall Payments has the meaning set forth in Section 2.2.1.

Shortfall Payments has the meaning set forth in Section 2.2.1. “Tampa Electric” means Tampa Electric Company. “Tampa Electric Indemnitee” has the meaning set forth in Section 16.1. “Term” has the meaning set forth in Section 10. “Terminaling Service” has the meaning set forth in Section 2.1.1. “Terminaling Shortfall Payment” has the meaning set forth in Section 2.2.1. “Ton” and “Tonnage” means or refers to a short ton of 2000 pounds avoirdupois. “Trans-Gulf Ocean Service” has the meaning set forth in Section 2.1.1. 6

Shortfall Payments has the meaning set out in Section 6.1(c).

Shortfall Payments means amounts due and owing by the Borrower pursuant to the Shortfall Payment Obligation.

Shortfall Payments means any (A)(i) any Shortfall Payments (as defined therein) attributable to Section 4.3 of that certain Pipelines and Storage Facilities Agreement, dated November 7, 2012, by and between Lion Oil, Magnolia, El Dorado and SALA; (ii) any Shortfall Payments (as defined therein) attributable to Section 2(d) of that certain Pipelines and Tankage Agreement, dated November 7, 2012, by and between Delek Refining and Delek Crude Logistics; (iii) any Shortfall Payments (as defined therein) attributable to Section 6.5(a) of that certain Marketing Agreement, dated November 7, 2012, by and between Delek Refining and Delek Marketing; (iv) any Shortfall Payments (as defined therein) attributable to Section 6(b) of that certain Terminalling Services Agreement (Big Sandy Terminal), dated November 7, 2012, by and between Delek Refining and Delek Big Sandy; and (v) any Shortfall Payments (as defined therein) attributable to Section 3.6 of that certain Terminalling Services Agreement (Memphis Terminal), dated November 7, 2012, by and between Lion Oil and the Operating Company, in each case as such agreements may be amended, supplemented or restated from time to time, and (B) any similar fees that would be paid by Delek US or its Affiliates under contracts with Group Members upon the suspension or reduction of operations of Delek US or its Affiliates.

Shortfall Payments means any (A)(i) any Shortfall Payments (as defined therein) attributable to Section 4.3 of that certain Pipelines and Storage Facilities Agreement, dated November 7, 2012, by and between Lion Oil, Magnolia, El Dorado and SALA; (ii) any Shortfall Payments (as defined therein) attributable to Section 2(d) of that certain Pipelines and Tankage Agreement, dated November 7, 2012, by and between Delek Refining and Delek Crude Logistics; (iii) any Shortfall Payments (as defined therein) attributable to Section 6.5(a) of that certain Marketing Agreement, dated November 7, 2012, by and between Delek Refining and Delek Marketing; (iv) any Shortfall Payments (as defined therein) attributable to Section 6(b) of that certain Terminalling Services Agreement (Big Xxxxx Terminal), dated November 7, 2012, by and between Delek Refining and Delek Big Xxxxx; and (v) any Shortfall Payments (as defined therein) attributable to Section 3.6 of that certain Terminalling Services Agreement (Memphis Terminal), dated November 7, 2012, by and between Lion Oil and the Operating Company, in each case as such agreements may be amended, supplemented or restated from time to time, and (B) any similar fees that would be paid by Delek US or its Affiliates under contracts with Group Members upon the suspension or reduction of operations of Delek US or its Affiliates.