Production Shortfall definition

Production Shortfall means the amount, expressed in kWh, by which the actual amount of Net Energy generated by the PV System in any Contract Year is less than the Guaranteed Annual Energy Output for that Contract Year.

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Production Shortfall means the amount, expressed in kWh, by which the actual amount of Electricity generated by the System in any Contract Year is less that the Guaranteed Annual Electricity Output for that Contract Year.

Production Shortfall has the meaning set forth in Section 6.4.

Examples of Production Shortfall in a sentence

If Seller does not comply with Seller’s Reasonable Assurance Obligations then, subject to Section 6.5, it shall exercise commercially reasonable efforts to obtain Third Party Supplied Coke in respect of such Coke Production Shortfall.
In the event Purchaser secures Purchaser Obtained Coke, then it shall use commercially reasonable efforts to limit its use of Purchaser Obtained Coke to the time period for which Purchaser reasonably believes, based on facts and circumstances disclosed in Writing to Purchaser by Seller, that a Coke Production Shortfall will not be covered by Coke or Third Party Supplied Coke Tonnage.
Off-Taker, in its sole discretion, shall have the right to waive a Production Shortfall and Provider’s obligation to provide Affiliate Supplied Coke by providing Provider with Written notice following its receipt of notice from Provider of any such Production Shortfall.
If Off-Taker secures Off-Taker Obtained Coke, then it shall use commercially reasonable efforts to limit its use of Off-Taker Obtained Coke to the time period for which Off-Taker reasonably believes, based on facts and circumstances disclosed in Writing by provider to Off-Taker, that the Production Shortfall will not be covered by Affiliate Supplied Coke.
Provider will promptly notify Off-Taker in Writing in the event it reasonably believes that a Production Shortfall will occur whereby it will be unable to supply Affiliate Supplied Coke to meet Off-Taker’s delivery schedule to cover such Production Shortfall.

More Definitions of Production Shortfall

Production Shortfall means the difference between the GEP minus the actual energy production measured by the utility grade meter located at the POCC.

Production Shortfall shall have the meaning set forth in Section 5.3(a)(i).

Production Shortfall means, for each Guaranteed Period, the amount expressed in kWh by which (a) the average of the Net Energy delivered to Buyer in the then current Contract Year and in each of the immediately preceding two (2) Contract Years is less than (b) the Guaranteed Electric Output for such Guaranteed Period.

Production Shortfall has the meaning given in Section 5.25.2 of the Credit Agreement.

Production Shortfall means the lesser of (a) the Support Threshold minus Actual Production or (b) the Shortfall Cap; provided, however, that the Production Shortfall cannot be less than zero.

Production Shortfall means, for any Measurement Period, the amount, if any, measured in kWh, by which the Actual Annual kWh is less than the Minimum Guaranteed Annual kWh for such Measurement Period.

Production Shortfall has the meaning set forth in Exhibit D. “Project” has the meaning set forth in the Recitals to this Agreement. “Project Cure Period” has the meaning set forth in Section 4.3(a).