Guarantee Shortfall definition

Guarantee Shortfall means an amount calculated in accordance with this Attachment E, Section (II)(I)(v).
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Guarantee Shortfall means (i) the Adjusted Disbursement Amount at the end of the Measurement Period, plus (ii) any income earned on amounts held by the Disbursement Agent and not distributable to shareholders pursuant to Section 1.2(d)(vi), plus (iii) if Net Revenue for the Measurement Period is less than $[***], the product of (A) any amounts deducted from amounts held by the Disbursement Agent and distributed to Buyer pursuant to Section 8.6, times (B) Net Revenue for the Measurement Period divided by $[***].
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Guarantee Shortfall will be calculated every month by subtracting Flown Hours and any reductions to the Flight Hour Guarantee as described in Article 4.1 above from the applicable Monthly Flight Hour Guarantee. If a Guarantee Shortfall exists at the end of a calendar quarter, within one (1) week of the end of said calendar quarter, the Air Carriers shall send an invoice to the Blade Parties, which the Blade Parties agree to pay, of an amount equal to (x) the Guarantee Shortfall, if any, multiplied by (y) the average of the Guarantee Shortfall Rates (as defined below), weighted by the distribution of the Guarantee Shortfall across the Owned Aircraft during the applicable calendar quarter. Notwithstanding anything to the contrary, during the first one (1) month following any such calendar quarter which a Guarantee Shortfall exists (each, a “Guarantee Shortfall Makeup Period”), the Blade Parties will have the opportunity to meet any Guarantee Shortfall by applying any aggregated Flown Hours, operated by the Air Carriers, collectively, during such Guarantee Shortfall Makeup Period to any Guarantee Shortfall from the preceding calendar quarter, without being responsible for payment of the Guarantee Shortfall should no Guarantee ▇▇▇▇▇▇▇▇ remain after such application.
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Examples of Guarantee Shortfall in a sentence

  • For the purposes of this Contract, such services or retrofits will have a deemed value equal to the Guarantee Shortfall for that Measurement Period.

  • The Guarantee Shortfall, for any Measurement Period, will be calculated by ENGIE Services U.S. as the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the sum of (a) EC Savings for such Measurement Period plus (b) Accumulated Savings then outstanding.

  • For any Measurement Period in which there is a Guarantee Shortfall, ENGIE Services U.S. will pay to District, within thirty (30) calendar days after the acceptance by District of the Energy Savings Report for such Measurement Period, the Guarantee Payment for that Measurement Period.

  • The Guarantee Shortfall, for any Measurement Period, will be calculated by OpTerra Energy Services as the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the sum of (a) EC Savings for such Measurement Period plus (b) Accumulated Savings then outstanding.

  • The Guarantee Shortfall, for any Measurement Period, will be calculated by Chevron Energy Solutions as the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the sum of (a) EC Savings for such Measurement Period plus (b) Accumulated Savings then outstanding.

  • If such sum of (i) calculated EC Savings for any future Measurement Period plus (ii) the Annual M&V Fee for such Measurement Period is less than the Guaranteed Savings for that Measurement Period, then Chevron Energy Solutions will apply Accumulated Savings then outstanding to determine whether there is a Guarantee Shortfall for that Measurement Period.

  • If a Guarantee Shortfall is calculated to exist for a future Measurement Period, Chevron Energy Solutions may, in its sole discretion, pay to Manhattan Beach USD, not later than the ninetieth (90th) day of such future Measurement Period, the net present value of the Guarantee Shortfall for any or all of such future Measurement Period(s).

  • For any Measurement Period in which there is a Guarantee Shortfall, Chevron Energy Solutions will pay to Manhattan Beach USD, within thirty (30) calendar days after the acceptance by Manhattan Beach USD of the Energy Savings Report for such Measurement Period, the Guarantee Payment for that Measurement Period.

  • Not later than December 31, 2004, Vornado OP shall offer to each SCR Partner Guarantor in writing the opportunity to guarantee other Vornado OP indebtedness (which other indebtedness may be, but is not required to be, indebtedness of SCR or one of its Subsidiaries) in an amount equal to the Initial Guarantee Shortfall for such SCR Partner Guarantor.

  • If, and to the extent that, an SCR Partner Guarantor elects to guarantee Qualified Guarantee Indebtedness pursuant to an offer made in accordance with this Section 3(b), such indebtedness thereafter shall being considered a Guaranteed Debt and subject to all of this Article 3, and the Initial Guarantee Shortfall of such SCR Partner Guarantor shall be reduced by the amount of such guarantee.