Shortfall Units definition
Examples of Shortfall Units in a sentence
On the fourth (4th), seventh (7th), and tenth (10th) years from the Effective Date of this Agreement, the number of Shortfall Units described at Paragraph 15 shall be tallied for their respective unit type (i.e., mobility vs.
Any Taxes that may be payable with regard to the Project, the Project Costs and the acquisition by the Gold Standard of CERs or Shortfall Units, as the case may be, pursuant to this Agreement, shall be borne by the Project Participant.
Similarly, if the Gold Standard has requested Delivery of Shortfall Units and Delivery is to be made in accordance with paragraph 5.1(b)(I)(i), the Project Participant shall procure that the Gold Standard shall become a Project Participant with respect to the relevant project, solely to allow the Gold Standard to receive CERs in respect of such project.
If the aggregate number of Units or other equity securities of the Company, as applicable, to be purchased by the Members pursuant to the immediately preceding sentence is less than the number of Units or other equity securities of the Company, as applicable, declined to be purchased by the Company (such difference, the “Shortfall Units”), then the AS Persons shall have the option to purchase (or assign such Members’ right to any party) the Shortfall Units or a portion thereof.
Similarly, if the Gold Standard has requested Delivery of Shortfall Units and Delivery is to be made in accordance with paragraph 5.1(b)(I)(i), the Project Proponent shall procure that the Gold Standard shall become a Project Participant with respect to the relevant project, solely to allow the Gold Standard to receive CERs in respect of such project.
The Consent Payment Units, Plan Additional Units and Cash Flow Shortfall Units will represent a percentage of the New Units on a Fully Diluted Basis equal to the aggregate amount of such cash payments divided by the Equity Value.
Similarly, if the PURCHASER has requested Delivery of Shortfall Units and Delivery is to be made in accordance with paragraph 4.1(a),(b), the PROJECT MANAGER shall allow that the PURCHASER shall become a Project Participant with respect to the relevant project, solely to allow the PURCHASER to receive the Shortfall Units in respect of such project.
For the purposes of this agreement the number of Instalment Shortfall Units and the Unpaid Instalment Amount at any time is the number of Instalment Units and the Unpaid Instalment Amount most recently advised to the Underwriters under this clause 8.3.
Such insurance shall name Tenant as the insured and Landlord as an additional insured and shall be maintained with an insurance company or companies authorized to do business in the state of Oklahoma and otherwise satisfactory to Landlord.
If the Purchaser exercises the Upsize Option, the Purchaser shall give prompt written notice (but in no event later than five (5) days after CEI provides the foregoing notice) to CEI and CQP indicating the number of additional Class B Units the Purchaser desires to Purchase up to the number of Shortfall Units (the “Additional Units”).