Deficient Quantity definition

Deficient Quantity means the volume of Deficient RINs.
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Deficient Quantity. Means the portion of the Cleared Quantity, measured in kW, that Applicant requests to be relieved of as a reduction to Applicant’s commitment to Load Relief contracted for by Applicant, which must be done on or prior to November 1st of the calendar year prior to a Capability Period, and for which an Early Exit Fee shall be paid.
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Deficient Quantity means the quantity of gas which the Defaulting Party failed to deliver or accept, as the case may be, on the Delivery Default Date.
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Examples of Deficient Quantity in a sentence

  • To declare a Deficient Quantity, Applicant shall submit a request to ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇.▇▇▇ and submit payment for the Early Exit Fee at that time, which is calculated as the product of the Deficient Quantity, multiplied by the Incentive Rate, multiplied by ten percent (10%), multiplied by the remaining full Capability Periods of the contract (keeping in mind that notice of a Deficient Quantity must be provided prior to November 1st of the calendar year prior to a Capability Period).

  • Applicant may choose to declare a Deficient Quantity in an Aggregation and pay an Early Exit Fee on or before November 1st prior to the next Capability Period.

  • Grantee shall accept or pay an Excess Quantity Charge or Deficient Quantity Charge as applicable, as provided in Section 6, for all such volumes.

  • Upon that release the Contract Capacity shall be reduced by an amount equal to the Deficient Quantity and the Minimum Quantity under Section 2.3, b., shall also be reduced by an amount equal to the Deficient Quantity.

  • Grantor shall not impose any Excess Quantity Charges or Deficient Quantity Charges on Grantee to the extent either such charge is occasioned by a force majeure event on Grantor's Distribution System.

  • Seller shall have the right to request a permanent release of the Deficient Quantity by requesting such in writing to Buyer within 15 days following the end of the applicable 3 Accounting Periods.

  • If Buyer does neither, then at the end of the Cure Period, the Deficient Quantity shall be automatically and permanently released from the terms of this Agreement.

  • At the option of Purchaser, the amount equal to the Delivery Date Index Price of any Deficient Quantity is payable in either (i) cash or (ii) an amount of Common Shares equal to the Delivery Date Index Price of any Deficiency Quantity converted into Common Shares at the greater of $0.15 per Common Share or 75% of the Current Market Price per Common Share on the Delivery Date.

  • For the avoidance of doubt, if Deficient RINs are Q-RINs or B-RINs, notwithstanding the Buyer’s limited exemption under Section 80.1474 (e) or (f) of the RFS Program, the Seller shall Initiate Qualified Replacement RINs in a volume equal to the Deficient Quantity.

  • Replacement - Natural gas or alternative fuel purchased by Buyer to replace the Deficient Quantity.


More Definitions of Deficient Quantity

Deficient Quantity means the portion of the Cleared Quantity, measured in kW, that a Demand Response Provider requests, on or prior to February 15, 2017 for the 2017 Capability Period and on or prior to February 15, 2018 for the 2018 Capability Period, to be relieved of its commitment for a DR Product and for which an Early Exit Fee shall be paid.
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Related to Deficient Quantity

  • Contract Quantity means the total number shares, contracts or other units of the Underlying Instrument that the Client is notionally buying or selling;

  • Deficient Loss means the determination by a court in a bankruptcy proceeding that the value of the collateral is less than the amount of the loan in which case the loss will be the difference between the then unpaid principal balance (or the NPV of a modified loan that defaults) and the value of the collateral so established.

  • Scheduled Quantity means the net quantity of Gas (being the difference between receipt and delivery nominations) agreed by MDL and the Welded Party to pass through (or, in the case of a Notional Welded Point, be deemed to have passed through) the relevant Welded Point for a Day.

  • Required Quantity in a unit price Contract shall mean the actual quantity of any item of Work or materials which is required to be performed or furnished in order to comply with the Contract.

  • Deficient Valuation With respect to any Mortgage Loan, a valuation of the related Mortgaged Property by a court of competent jurisdiction in an amount less than the then outstanding principal balance of the Mortgage Loan, which valuation results from a proceeding initiated under the Bankruptcy Code.