Undelivered Quantity definition
Examples of Undelivered Quantity in a sentence
The Prior Year Undelivered Quantity Credit shall be credited to SAWS as provided in Section 2.6.D.(1).
The Prior Year Undelivered Quantity Credit means the difference between (1) the Stored Water Rate times the Prior Year Undelivered Quantity times one hundred ten percent (110%) minus (2) one-half the Stored Water Rate times the Prior Year Undelivered Quantity times one hundred twenty five percent (125%) (if a Reservation Surcharge was then in effect) or one hundred percent (100%) (if no Reservation Surcharge was then in effect).
Notwithstanding the foregoing, the monthly payment(s) for the second month of any year beginning after the first year of a Purchase Phase shall be reduced by the Prior Year Undelivered Quantity Credit, if any, as computed in Section 5.8.B.(3).
The "Prior Year Undelivered Quantity" shall mean, for the prior year, the lesser of fifteen percent (15%) of the Committed Purchased Quantity or the difference between the Committed Purchased Quantity and the Delivered Quantity.