Shortfall Value definition

Shortfall Value has the meaning specified in Section 31.5(a).

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Shortfall Value means a dollar amount equal to the product of (A) the positive difference, if any, in dollars per kWh between the average Net Metering Credit value during the Contract Year then ended and the Electricity Price and (B) the positive difference in kWh between the Minimum Output for such Contract Year and the Average Annual Output. For purposes of calculating Shortfall Value, the Minimum Output for such Contract Year shall be reduced by the number of kWhs of reduced output reasonably identified by Seller (but subject to Section 14.2, Dispute Resolution) as caused by: a LDC System outage or failure; acts or omissions of third parties causing suspension or reduction of generation by the Facilities, delays in repairs to the Project beyond the reasonable control of Seller; or Force Majeure.

Shortfall Value has the meaning given to such term in Section 4.8.

Examples of Shortfall Value in a sentence

• Publisher may buy out the Target Shortfall at the end of the third Year by paying Quigo an amount equal to the lesser of: (a) Target Shortfall Value; and (b) the amount necessary to meet the Cumulative Revenue Threshold.

• The Publisher may fulfill the Core Publisher Page View Commitment by providing additional Core Publisher Page Views whose collective value is equivalent to or greater than the Target Shortfall Value (as defined below and as more fully described herein).

• Each Page-Type-specific VPM shall be multiplied by the corresponding amount of Target Shortfall for each Page Type where such Target Shortfall exists to arrive at a Target Shortfall Value by Page Type.

• Publisher may offset the Target Shortfall by delivering a Page View Surplus whose overall value (calculated by multiplying the VPM for each Page Type by the Page View Surplus for each Page Type where such surplus exists during the Year or Term) is at least equal to the overall Target Shortfall Value.

More Definitions of Shortfall Value

Shortfall Value has the meaning given to that term in, as the context requires, paragraphs 13(A)(i), 13(A)(ii) or 13(A)(iii) of Part A (Determination of Completion Net Debt) of Schedule 6 (Completion Net Debt);

Shortfall Value means the greater of zero or the amount resulting from the difference of [***] less the Yearly Actual Value.

Shortfall Value means a dollar amount equal to the product of (A) the positive difference, if any, in dollars per kWh between the average Net Metering Credit value during the Contract Year then ended and the Electricity Price and (B) the positive difference in kWh between the Minimum Output for such Contract Year and the Average Annual Output. For purposes of calculating Shortfall Value, the Minimum Output for such Contract Year shall be reduced by the number of kWhs of reduced output reasonably identified by Seller (but subject to Section 13.2, Dispute Resolution) as caused by: a LDC System outage or failure; acts or omissions of third parties causing suspension or reduction of generation by the Facility, delays in repairs to the Project beyond the reasonable control of Seller, such that Seller has complied with the provisions of Section 3.6 herein regarding Operation and Maintenance of the Facility; or Force Majeure.

Shortfall Value has the meaning specified in Section 31.2.

Shortfall Value means monetary value of the Shortfall based upon the Utility unit price stated in the Call-Off Contract Phase 2 (or if not stated, it will be based upon the actual Utility rate in the Shortfall period);