Shortfall Recovery Amount definition
Shortfall Recovery Amount means in respect of any Shortfall Amount Paid, any amount of the relevant Shortfall Amount that is repaid to or recovered by the Guarantor, in accordance with the provisions of the Debenture Documents, excluding any payments made to IIFCL under the Backstop Guarantee.
Shortfall Recovery Amount means, with respect to a particular Water Sales Test Period, the amount of money that would have been collected from Retail Water Customers and Retail Sewer Customers from the imposition of Service Charges during the Water Sales Test Period if an amount of water equal to the Water Sales Shortfall had been sold to Retail Water Customers, calculated based upon the assumptions that the Water Sales Shortfall expressed in gallons per day would have been purchased by Retail Water Customers during each day of the Water Sales Test Period at the rate per gallon in effect for that day under the applicable Schedule of Service Charges and with a collection rate equal to the average collection rate of Retail Water Customers during the Water Sales Test Period.
Examples of Shortfall Recovery Amount in a sentence
Pursuant to Section 7.1(l) the Concessionaire is entitled to impose an additional Service Charge upon all Retail Water Customers and Retail Sewer Customers to recover each Shortfall Recovery Amount resulting from a Water Sales Shortfall applicable to a Water Sales Test Period.
The Concessionaire may also impose upon all Retail Water Customers and Retail Sewer Customers a Service Charge in any Demand Shortfall Recovery Year to recover the Annual Shortfall Recovery Amount that may be recovered in that Demand Shortfall Recovery Year, which Service Charge shall be in addition to the Service Charges otherwise imposed under Section 7.1.