Event of Deficient Energy Deliveries definition

Event of Deficient Energy Deliveries means any instance in which Seller fails to meet Seller’s Energy Delivery Obligation as determined in accordance with Section 3.07(a)(ii), which failure results in Seller’s obligation to pay the applicable Product Replacement Damage Amount.
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Event of Deficient Energy Deliveries has the meaning set forth in Section 3.05(a)(i).
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Event of Deficient Energy Deliveries has the meaning set forth in Section 3.04(a)(ii).
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Examples of Event of Deficient Energy Deliveries in a sentence

  • The Parties acknowledge that the damages sustained by SCE associated with an Event of Deficient Energy Deliveries would be difficult or impossible to determine, or that obtaining an adequate remedy would be unreasonably time consuming or expensive, and therefore agree that Seller shall pay SCE as liquidated damages an amount calculated under this Section 3.05(b) which is intended to compensate SCE for Seller’s failure to perform.

  • Event of Deficient Energy Deliveries.At the end of each Term Year commencing with the end of the second Term Year, if the sum of Qualified Amounts plus any Lost Output (calculated in accordance with Exhibit K) in the applicable Calculation Period does not equal or exceed Seller’s Energy Delivery Obligation, then an Event of Deficient Energy Deliveries will be deemed to have occurred.

  • At the end of each Term Year if the sum of the Qualified Amounts plus any Lost Output (calculated in accordance with Exhibit M) during the Term Year does not equal or exceed Seller’s Annual Energy Delivery Obligation, then an Event of Deficient Energy Deliveries will be deemed to have occurred.

  • A reduction to borrowing authority as a result of a downward adjustment would only apply if the agency is not getting any new borrowing authority.

  • Payment of such Energy Replacement Damage Amount shall be SCE’s sole and exclusive remedy for an Event of Deficient Energy Deliveries, unless such payment by Seller is not timely made.

  • At the end of each Term Year commencing with the end of the second Term Year, if the sum of Qualified Amounts plus any Lost Output (calculated in accordance with Exhibit M) in the applicable Calculation Period does not equal or exceed Seller’s Energy Delivery Obligation, then an Event of Deficient Energy Deliveries shall be deemed to have occurred.

  • If an Event of Deficient Energy Deliveries occurs, as determined in accordance with Section 3.07(a)(ii) above, the Parties acknowledge that the damages sustained by SCE associated with Seller’s failure to meet Seller’s The contents of this document are subject to restrictions on disclosure as set forth herein.

Related to Event of Deficient Energy Deliveries

  • Gas Supply Deficiency means any occurrence relating to Seller's gas supply which causes Seller to deliver less than the total requirements of its system, including failures of suppliers to deliver gas for any reason, requirement of gas for system storage, conservation of gas for future delivery, or any other occurrence which is not enumerated herein which affects Seller's gas supply.

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Owner Event of Default has the meaning specified in Section 16.2.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.

  • Notice to Proceed (NTP) means the authorization issued by the CO to start performance on this Contract.

  • Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes are Performing Equipment Notes.

  • Senior Event of Default means an Event of Default under (and as defined in) the Senior Facilities Agreement.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Event of Default wherever used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

  • Declaration Event of Default means an “Event of Default” as defined in the Declaration.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Material Event of Default means any Event of Default arising under Section 10.01(a), 10.01(b) (solely with respect to a default related to Section 8.01, 8.20 or 9.13), 10.01(f), 10.01(i), 10.01(j), 10.01(n) or 10.01(o).

  • Renewable Energy Certificate or "REC" means a certificate

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Administrative Agent to a Collection Bank.

  • Event Outside Our Control means any act or event beyond WRAS’s reasonable control, including without limitation strikes, lock-outs or other industrial action by third parties, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack, war (whether declared or not) or threat or preparation for war, fire, explosion, storm, flood, earthquake, subsidence, epidemic or other natural disaster, or failure of public or private telecommunications networks [or impossibility of the use of railways, shipping, aircraft, motor transport or other means of public or private transport;