Shortfall Price definition

Shortfall Price has the meaning set out in Article 10.8.3.
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Shortfall Price has the meaning set forth in Section 11.4(d).
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Shortfall Price means the First Shortfall Price or the Second Shortfall Price, as applicable.
Sample 1Sample 2

Examples of Shortfall Price in a sentence

  • The next Gas delivered after the end of that Month under this Agreement up to an amount equal to the Second Shortfall Aggregate which would otherwise be paid for by the Buyer at the Contract Price, shall be paid for at the Second Shortfall Price.

  • The First Shortfall Aggregate and the Second Shortfall Aggregate shall be reduced by the amount of Gas which is paid for at the First Shortfall Price and Second Shortfall Price, respectively.

  • ESP = Energy Shortfall Price = the mathematical average of the 24 individual Monthly location marginal prices of electricity, as measured at the Project’s busbar, for the applicable 2 consecutive years in which there was a Minimum Energy Shortfall BLRS = Buyers Load Ratio Share = a fraction the numerator of which is the total of the Monthly Final Buyer Retail Sales and the denominator of which is the total of the Final Total Retail Load during the applicable 2 Contract Years.

  • Accordingly, within 30 days after the end of each Calendar Quarter during the Continuation Period in which Eisai did not order the required number of tablets, Arena shall invoice Eisai for an amount equal to the product of the Shortfall Price multiplied by the Shortfall for such Calendar Quarter.

  • ESP = Energy Shortfall Price = the mathematical average of the 24 individual Monthly location marginal prices of electricity, as measured at the Project’s busbar, for the applicable 2 consecutive years in which there was a Minimum Energy Shortfall BLRS = Buyers Load Ratio Share = a fraction the numerator of which is the total of the Month7lyMonthly Final Buyer Retail Sales and the denominator of which is the total of the Final Total Retail Load during the applicable 2 Contract Years.

  • The Supply Shortfall Amount shall be equal to the price paid by K-C for the Supply Shortfall Quantity on the open market (the “Supply Shortfall Cover Amount”), reduced by the price K-C would have paid Seller for the Supply Shortfall Quantity if Seller had supplied such Pulp as required by this Agreement (the “Supply Shortfall Price”) and increased by ten percent (10%) of the difference between the Supply Shortfall Cover Amount and the Supply Shortfall Price.

  • If a Buyer's Shortfall occurs, Buyer ------------------- shall pay to Seller as liquidated damages an amount calculated as the difference between the resale price of the LPG Mix and the price payable by Buyer under the terms of this Agreement (the "Buyer's Shortfall Price"), multiplied by the Buyer's Shortfall Volume, provided, however, that it is expressly understood and agreed between the Parties that the Buyer's Shortfall Price shall not exceed $XXXX USD per gallon for any Buyer's Shortfall.

  • If this Net Energy Shortfall Price calculation results in a value less than zero (0) then the result will be zero (0).

  • Therefore the Net Energy Shortfall Price calculation is equal to: Market Energy Cost (40.00) minus Annual Rate (54.73) = -14.73 As the calculation results in a value less than 0, (-14.73) the Net Energy Shortfall price is 0.

  • Example 1 A Net Energy Shortfall occurs for the year of March 1, 2009 through February 28, 2010 Annual Rate 54.73 xxxxx/kWh Mathematical average of the 12 monthly Market Energy Cost values for the period of March 1, 2009 through February 28, 2010 40.00 xxxxx/kWh 150% of the Annual Rate 54.73 * 150% = 82.10 xxxxx/kWh Net Energy Shortfall Price calculation The average Market Energy Cost (40.00) is less than 150% of the Annual Rate (82.10) .


More Definitions of Shortfall Price

Shortfall Price means the lesser of (a) any positive difference between (i) the time weighted average (based on the on-peak hours and the off-peak hours during the day) of the day-ahead prices of electricity at the Market Price Index for the prior Contract Year plus the Green Value (to reflect the agreed-upon per MWh value of Green Attributes), and (ii) the Contract Price, or (b) $50/MWh.
Sample 1

Related to Shortfall Price

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Shortfall Amount as defined in Section 2.6.

  • 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.

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

  • 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.

  • 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.

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Collateral Shortfall Amount is defined in Section 8.1.

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

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

  • 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.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • 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.

  • Forward Price Reduction Amount For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I. Shares: Common stock, USD 0.01 par value per share, of Party B (also referred to herein as the “Issuer”) (Exchange identifier: “VICI”). Exchange: New York Stock Exchange. Related Exchange(s): All Exchanges. Clearance System: DTC. Calculation Agent: Party A.

  • Allocation Amount means, as of the Closing Date, the Series 2017-2 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2017-2 Stated Principal Amount resulting from the issuance of additional Series 2017-2 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2017-2 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.