Shortfall Quantity means, for each Contract Quarter, the difference, if positive, between: (a) the Adjusted Quarterly Supply Quantity for such Contract Quarter; and
Shortfall Quantity means, except as specified in Clause 13.5, where, pursuant to a Nomination, the Actual Utilisation Quantity is less than ninety-eight per cent (98%) of the Nominated Quantity in respect of any Hour in the relevant Nomination Period, the amount of Natural Gas in kWh equal to the difference between ninety-eight per cent (98%) of the Nominated Quantity and the Actual Utilisation Quantity for such Hour;
Shortfall Quantity means, except as specified in Clause 14.5, where pursuant to a Nomination, the Actual Utilisation Quantity is less than ninety-eight per cent (98%) of the Nominated Quantity in respect of any Hour in the relevant Nomination Period, the difference between ninety-eight per cent (98%) of the Nominated Quantity and the Actual Utilisation Quantity for such Hour;
Examples of Shortfall Quantity in a sentence
In respect of each Nomination Period, the Service Provider shall notify the Customer in writing of the Actual Utilisation Quantity (and where applicable any Shortfall Quantity) by no later than the start of the seventh (7th) Business Day following the Day in respect of which the Nomination was made.
The Customer shall notify the Service Provider in accordance with Clause 18 (substantially in the form set out in Schedule 3) of the Actual Utilisation Quantity and any Shortfall Quantity where applicable by no later than the start of the seventh (7th) Business Day following the relevant Nomination.
More Definitions of Shortfall Quantity
Shortfall Quantity means, where pursuant to a Nomination, the Actual Utilisation Quantity is less than the Nominated Quantity, the difference between the Nominated Quantity and the Actual Utilisation Quantity;
Shortfall Quantity means where pursuant to an Instruction the Actual Utilisation Quantity is less than the Instructed Gas Quantity, the difference between the Instructed Gas Quantity and the Actual Utilisation Quantity;
Shortfall Quantity has the meaning as in Article 6.3.
Shortfall Quantity has the meaning specified in Section 4.1(a).
Shortfall Quantity shall be the quantity of ECO Points equal to the portion of the Contract Quantity that is not acceptable for the Intended Purpose as a result of a Reporting Failure, Revocation, or a Measure Failure.
Shortfall Quantity has the meaning given to such term in Clause 6.1(a). “Specifications” has the meaning given to such term in the Operating Code.