Shortfall Rate means eleven percent (11%) per annum.
Shortfall Rate has the meaning set forth in Exhibit F.
Shortfall Rate means, during each rolling three-month period, the weighted average transportation rate owed by the Committed Shipper to Carrier for the Committed Shipper’s NGLs transported by Carrier, excluding the Committed Shipper’s volumes each Month in excess of the Committed Shipper’s Minimum Volume Commitment.
Examples of Shortfall Rate in a sentence
The Judicial Council will be compensated in the amount of the product of the Electricity Shortfall and the PV Shortfall Rate.
The animal moves forwards and backwards in a serpentine fashion using rectilinear locomotion to locate food and escape predators.
If, during any Month, TRMC fails to request in good faith that TLO cause to be gathered an amount of crude petroleum equal to the Minimum Volume Commitment for such Month, then TRMC shall pay to TLO an amount (the “Quarterly Shortfall Payment”) equal to (i) the Quarterly Volume Shortfall (ii) multiplied by the Shortfall Rate.
Within 60 days of the end of the Contract Year, Contractor will provide report showing the EEP, GEP, EP, Production Shortfall, Shortfall Rate, and Compensation amount for the preceding year.
If Marine fails to pay such Shortfall Rate Amount in full to Holdings within such 10-day period, without limiting any other remedies available to Holdings, Holdings shall be entitled to retain for its own account from the Aggregate Marine Refund an amount equal to the Shortfall Rate Amount that was not paid.
More Definitions of Shortfall Rate
Shortfall Rate is a rate is equal to the quotient of (i) the difference between (a) the Original Principal Amount minus (b) the gross proceeds to the Issuer as a result of the Non-Qualified IPO divided by (ii) the Original Principal Amount based upon the a shortfall of the gross proceeds from the sale of IPO Securities in the Non-Qualified IPO, as compared to the initial aggregate principal amount of the Notes, as set forth in the table below: Shortfall Rate Non-Qualified IPO Discount Rate Adjustment 0% or less 0 % Greater than 0%-4.99% 2.5 % 5.00%-9.99% 5.0 % 10.00%-14.99% 7.5 % 15.00% or greater 10.0 % provided that if the Non-Qualified IPO results in the listing of the IPO Securities on an exchange that is not a Principal Market, the Non-Qualified IPO Discount Rate Adjustment shall be 10.0%. In addition, in connection with a Change of Control involving a Successor Issuer that is a Public Issuer, a Non-IPO Liquidity Event or a Non-Change of Control Merger Event, in each case in which the Successor Issuer is not a Qualified Successor Issuer (in the case of a Non-Change of Control Merger Event) or is not a Qualified Issuer (in the case of a Change of Control or Non-IPO Liquidity Event), the Discount Rate, determined as set forth above, shall be increased by an additional 10.0%.
Shortfall Rate means a rate, expressed in $/kWh, specified in Table 1 for each Guarantee Period. Table 1 (25 years) Sun City Contract Year Annual Production Estimate (kWh) Guarantee Period Contract Year Periods Estimated Guarantee Period Production (kWh) Minimum Production Threshold (kWh) Shortfall Rate ($/kWh) 1 3,893,000 2 3,883,268 3 3,873,559 1 1-3 11,649,827 11,067,335 $0.02169 4 3,863,875 5 3,854,216 6 3,844,580 2 4-6 11,562,671 10,984,538 $0.02169 7 3,834,969 8 3,825,381 9 3,815,818 3 7-9 11,476,168 10,902,360 $0.02169 10 3,806,278 11 3,796,763 12 3,787,271 4 10-12 11,390,312 10,820,796 $0.02169 13 3,777,803 14 3,768,358 15 3,758,937 5 13-15 11,305,098 10,739,843 $0.02169 16 3,749,540 17 3,740,166 18 3,730,816 6 16-18 11,220,521 10,659,495 $0.02169 19 3,721,489 20 3,712,185 21 3,702,904 7 19-21 11,136,578 10,579,749 $0.02169 22 3,693,647 23 3,684,413 8 22-23 7,378,060 7,009,157 $0.02169 24 3,675,202 25 3,666,014 9 24-25 7,341,216 6,974,155 $0.02169 Exhibit G - 33 Exhibit G General Conditions and Technical Specifications [ATTACHED BEHIND THIS COVER PAGE] EXHIBIT G GENERAL CONDITIONS AND TECHNICAL SPECIFICATIONS This EXHIBIT G is a summary of the scope of work and is not all inclusive of terms and conditions of the Agreement. To the extent any of the provisions of this Exhibit G conflict with those in the Agreement, the provisions of the PPA shall apply. Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement. Attachment A – Preliminary Drawings Attachment B – Site Assessment Table Attachment C – Preliminary Project Schedule Attachment D – Construction Meeting Minutes Template Attachment E – Change Form Template Attachment F – Commissioning Schedule Attachment G – Notice to Proceed for Pre-Construction Template Attachment H – Notice to Proceed to Procurement & Construction Template Attachment I– Manufacturers’ Warranties Attachment J – Site Preparation Requirements Attachment K1 – EN-091- Safety Pre-Use Analysis Attachment K2 – EN-091A Pre-Use Instructions Attachment L – Site Weed Abatement Requirements
Shortfall Rate shall be an amount stated in a Trucking Service Order, as set forth in Section 6(b).
Shortfall Rate shall be an amount stated in a Purchase Order, as set forth in Section 6(b).
Shortfall Rate means a rate, expressed in $/kWh, specified in Table 1 for each Guarantee Period. Table 1 (25 years) Xxxxxx Valley Contract Year Annual Production Estimate (kWh) Guarantee Period Contract Year Periods Estimated Guarantee Period Production (kWh) Minimum Production Threshold
Shortfall Rate shall be an amount stated in a Trucking Service Order, as set forth in Section 6(b). “Suspension Notice” has the meaning set forth in Section 16(a). “Tank Usage Rate” has the meaning set forth in Section 5(a). 3 of 24 “Term” has the meaning set forth in Section 3. “THPP” has the meaning set forth in the Recitals. “TLO” has the meaning set forth in the Preamble. “TRMC” has the meaning set forth in the Preamble. “Truck Gathering Services” means the collection, loading, gathering transportation and delivery and of crude petroleum from origins at wellheads, fields, tank batteries, truck dispatch racks or similar collection points to unloading facilities of pipelines, rail car loading facilities, storage terminals, refineries or similar receipt points, including ancillary scheduling, dispatching and accounting/data services related to such crude petroleum deliveries, including, but not limited to, any services set forth in a Trucking Service Order. “Trucking Rate” has the meaning set forth in Section 5(b). “Trucking Service Order” has the meaning set forth in Section 5(a). “Truck Unloading Facilities” shall mean TLO’s proprietary crude petroleum tanks and related truck unloading facilities listed on Schedule I, located adjacent to injection points along the High Plains System. 2.VOLUME COMMITMENT AND SCOPE OF AGREEMENT (a) TRMC guarantees that during the Term, (i) TRMC will request that TLO perform Truck Gathering Services each Month for at least the Minimum Volume Commitment each Month of crude petroleum (A) to be received from wellheads, fields, control tank batteries or related collection points in the Williston Basin/Xxxxxx Shale area of Montana and North Dakota and (B) to be delivered to TLO’s proprietary Truck Unloading Facilities, or to other destinations in North Dakota and Montana, whether or not on the High Plains System (C) or to be received and delivered from or to other locations as mutually agreed upon between the parties and set forth in a Trucking Service Order, or, (ii) in the event that TRMC fails to request that TLO do the foregoing, shall remit to TLO the Quarterly Shortfall Payment referred to in Section 7(b) below. (b) TRMC may request pursuant to a Trucking Service Order, as described below, that volumes of crude petroleum in excess of the Minimum Volume Commitment be gathered, transported and delivered by TLO (“Excess Volumes”). Both the Minimum Volume Commitment and any Excess Volumes gathered and delivered by TLO shall be gathered and ...
Shortfall Rate. As defined in the Underlying Loan Agreement.