Shortfall Quantity definition

Shortfall Quantity means, for each Contract Quarter, the difference, if positive, between: (a) the Adjusted Quarterly Supply Quantity for such Contract Quarter; and

Shortfall Quantity means, where pursuant to a Nomination, the Actual Utilisation Quantity is less than the Nominated Quantity, the difference between the Nominated Quantity and the Actual Utilisation Quantity;

Shortfall Quantity means, except as specified in Clause 13.5, where, pursuant to a Nomination, the Actual Utilisation Quantity is less than ninety-eight per cent (98%) of the Nominated Quantity in respect of any Hour in the relevant Nomination Period, the amount of Natural Gas in kWh equal to the difference between ninety-eight per cent (98%) of the Nominated Quantity and the Actual Utilisation Quantity for such Hour;

Examples of Shortfall Quantity in a sentence

• Shortfall Quantity = Lifted quantity (X) less delivered quantity adjusted for TM% (Y).

• The Shipper shall be liable for payment of Transmission Charges and Transporter shall not be liable for any Shortfall Quantity for such period of suspension.

• Disposal of any part rake quantity that is left with the contractor at the end of the contract will be decided mutually and in case, it is not possible to return the same to NPL, recovery at the rate 2 x (Notified Base Price of coal including applicable taxes, royalties, cess on ROM Coal x Shortfall Quantity will be made.

• Buyer shall pay Seller an amount equal to the Cargo Shortfall Quantity, multiplied by the CSP (the “Cargo Shortfall Payment”).

• Recovery of Coal value for the Coal shortfall quantity for the entire quantity of the issued DO(s) shall be computed at the time of final settlement of the Contract as per the following table: Shortfall Quantity = Total Lifted quantity (X) less Total Payable Quantity (as per S No. 14.2) at NPL (Y) If X-Y is positive, then a recovery shall be computed as follows: Shortfall Qty (MT)* 4000 MT will be considered as one Rake quantityThis shall not come under capping and recoverable at actual.

More Definitions of Shortfall Quantity

Shortfall Quantity means, where pursuant to an Instruction in respect of a Facility the Actual Utilisation Quantity is less than the Instructed Gas Quantity, the difference between the Instructed Gas Quantity and the Actual Utilisation Quantity;

Shortfall Quantity shall have the meaning assigned to the term in Clause 7.1.

Shortfall Quantity has the meaning as in Article 6.3.

Shortfall Quantity shall be the quantity of ECO Points equal to the portion of the Contract Quantity that is not acceptable for the Intended Purpose as a result of a Reporting Failure, Revocation, or a Measure Failure.

Shortfall Quantity means, for each year during the Term, an amount equal to the difference between (i) ninety percent (90%) of the applicable Target Annual Contract Quantity less (ii) the sum of (A) the actual quantity of Renewable ATJ and/or Replacement Fuel purchased by Buyer plus (B) the actual quantity of Renewable ATJ scheduled for delivery in accordance with Article 6 but not tendered for delivery by Seller for any reason. For sake of clarity, Renewable ATJ tendered by Seller but not taken by Buyer for any reason shall be included in and count towards the determination of any Shortfall Quantity.

Shortfall Quantity means, except as specified in Clause 14.5, where pursuant to a Nomination, the Actual Utilisation Quantity is less than ninety-eight per cent (98%) of the Nominated Quantity in respect of any Hour in the relevant Nomination Period, the difference between ninety-eight per cent (98%) of the Nominated Quantity and the Actual Utilisation Quantity for such Hour;

Shortfall Quantity means the difference between the Quarterly Quantity and the amount of Oil actually delivered by the Delivering Party during the applicable fiscal quarter (beginning on January 1, April 1, July 1 and October 1).