Common use of Underdelivery Clause in Contracts

Underdelivery. If in respect of an hour and an Austrian VTP Transaction, the Contract Quantity exceeds the Delivered Quantity by reason of Seller’s Default, the Seller shall pay to the Buyer as compensation an amount equal to: (a) the product of: (i) the amount, if positive, by which the Buy Price calculated for the hour exceeds the Contract Price; and (ii) the Default Quantity; plus (b) subject to § 8.4A(a), the Balancing Incentive Markup for the hour multiplied by the Default Quantity multiplied by 2.

Underdelivery. If in respect of an hour and an Austrian VTP Transaction, the Contract Quantity exceeds the Delivered Quantity by reason of Seller’s Default, the Seller shall pay to the Buyer as compensation an amount equal to: (a) the product of: (i) the amount, if positive, by which the Marginal Buy Price calculated for the hour Day exceeds the Contract Price; and (ii) the Default Quantity; plus (b) subject to § 8.4A(a)if applicable for the Day in which the hour falls, the Balancing Incentive Markup WDO Fee for the hour Day multiplied by the Default Quantity multiplied by 2Quantity.