Volume Shortfall definition

Volume Shortfall has the meaning set forth in Section 2.2(b).
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Volume Shortfall has the meaning specified in Section 8.2(c) hereof.
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Volume Shortfall has the meaning ascribed to it in clause 9.14; [***] Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
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Examples of Volume Shortfall in a sentence

  • Shipper shall remit the Expansion Capacity Volume Shortfall Payment or first Expansion Capacity Volume Shortfall Payment monthly installment, if any, within thirty (30) days of receipt of the invoice containing the Expansion Capacity Volume Shortfall Payment calculation.

  • Subsequent Expansion Capacity Volume Shortfall and Expansion Capacity Volume Shortfall Payment calculations and payments shall be made in the same manner upon expiration of each successive Contract Year.

  • Shipper shall remit the Volume Shortfall Payment or first Volume Shortfall Payment monthly installment, if any, within thirty (30) days of receipt of the invoice containing the Volume Shortfall Payment calculation.

  • Subsequent Volume Shortfall and Volume Shortfall Payment calculations and payments shall be made in the same manner upon expiration of each successive Contract Year.

  • Gatherer shall calculate the Expansion Capacity Volume Shortfall and Expansion Capacity Volume Shortfall Payment, if any, within sixty (60) days after the expiration of the Contract Year in which the shortfall occurred, and the results shall be promptly provided in writing to Shipper.

  • Gatherer shall calculate the Volume Shortfall and Volume Shortfall Payment, if any, within sixty (60) days after the expiration of Contract Year in which the shortfall occurred, and the results shall be promptly provided in writing to Shipper.

  • Any amount by which the volume of actual Gas delivered by Shipper in a Contract Year exceeds the Annual Volume Commitment for the corresponding year (“Excess Delivered Volumes”) shall be deemed part of the volume of actual Gas delivered for the next annual Volume Shortfall calculation.

  • If the Parties are unable to agree on such amended commercial and other terms, however, this Agreement shall nevertheless remain in force and effect as provided in Article 5.1(a) on the same terms as in effect at the expiration of the Initial Term; provided, that, there shall be no Volume Shortfall Payments owed by Shipper to Gatherer for any period after the Initial Term.

  • For example: if in the first Contract Year under this Agreement, Shipper has CA Excess of ▇▇▇▇ ▇▇▇▇▇’s, and a Volume Shortfall under this Agreement, Shipper could elect to have a credit applied to the Volume Shortfall under this Agreement of [***] MMBtu’s ([***] equals [***] times [***], or [***] MMBtu’s).

  • The excess of the Actual Volume in any Measurement Period over the Adjusted Target Volume for such Measurement Period shall first be applied as a Carry Back Volume Credit to any Volume Shortfall that occurred in the immediately preceding Measurement Period.

Related to Volume Shortfall

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Available Funds Shortfall means, for any Payment Date and the related Collection Period, the positive difference, if any, of (i) the amount necessary to make all distributions required to be made pursuant to clauses (i) through (iii) of Section 2.08 over (ii) Collections on deposit in the Collection Account, to the extent received during or in respect of such Collection Period.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.