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
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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;
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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;
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Examples of Shortfall Quantity in a sentence

  • In respect of each Nomination Period, the Service Provider shall notify the Customer in writing of the Actual Utilisation Quantity (and where applicable any Shortfall Quantity) by no later than the start of the seventh (7th) Business Day following the Day in respect of which the Nomination was made.

  • Any Gas that fails to meet the Specifications that was rejected by Buyer in accordance with Clause 13 shall, for the purposes of determining the Shortfall Quantity, be considered as not having been made available by Sellers.

  • Notwithstanding any other provision of this Agreement, Sellers shall not be liable for any Shortfall Quantity, shortfall in Gas delivery or reduction in DCQ that arises from, is related to, or is caused by the GoI taking Gas in kind under the PSC.

  • The Customer shall notify the Service Provider in accordance with Clause 18 (substantially in the form set out in Schedule 3) of the Actual Utilisation Quantity and any Shortfall Quantity where applicable by no later than the start of the seventh (7th) Business Day following the relevant Nomination.

  • For the avoidance of doubt, in the event the Transporter Shortfall Quantity is less than the DES SCQ, such cargo shall be deemed a “Delivered Cargo” and Project Co shall pay the Transport Fee calculated in accordance with Clause 11.1.2 in respect of such Delivered Cargo.


More Definitions of Shortfall Quantity

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;
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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;
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Shortfall Quantity shall have the meaning assigned to the term in Clause 7.1.
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Shortfall Quantity has the meaning as in Article 6.3.
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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.
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Shortfall Quantity has the meaning specified in Section 4.1(a).
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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).
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