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.
Production Shortfall has the meaning set forth in Section 6.4.
Production Shortfall means the difference between the GEP minus the actual energy production measured by the utility grade meter located at the POCC.
Examples of Production Shortfall in a sentence
If there is a Production Shortfall in any two rolling consecutive Contract Years, then Seller shall owe Buyer liquidated damages in an amount equal to (i) the Production Shortfall that occurred in the later of the two relevant Contract Years, multiplied by (ii) the Damages Rate (the “Production Guarantee Damages”).
More Definitions of Production Shortfall
Production Shortfall shall have the meaning set forth in Section 5.3(a)(i).
Production Shortfall means the amount, expressed in kWh, by which the actual amount of Electricity generated by the Facility in any Contract Year is less that the Guaranteed Annual Electric Output for such Contract Year.
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 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 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).
Production Shortfall means, for any Contract Year, the positive difference (if any) between the Annual Energy Output Guarantee and the Actual Energy Production for that Contract Year.