Deficiency Agreement

Deficiency Agreement

An agreement that calls on the sponsor or another party to provide the shortfall when cash flow, working capital, or revenues are below agreed levels or are insufficient to meet debt service.
References in periodicals archive ?
Under the second open season, new shippers may sign a throughput and deficiency agreement (T&D) for firm committed transportation rights on NuStar's South Texas Crude Oil Pipeline system at any of the four origin points, including the new Highway 99 origin point.
In connection with the transaction, Gary-Williams has entered into a 20-year Throughput and Deficiency Agreement.
Bona fide potential shippers that would like to receive copies of the open season documents, including the throughput and deficiency agreement, are required to execute a confidentiality agreement (the "CA") in the form available at www.
Alon USA has also agreed to ship a minimum of 15,000 barrels per day under a 10-year, throughput and deficiency agreement on the pipelines, with an option by Alon USA to extend the agreement by four additional thirty-month periods.
Alon and Sunoco Logistics will enter into a 10-year pipeline throughput and deficiency agreement which will allow Alon to maintain its physically integrated system by retaining crude oil transportation rights on the pipelines from the Gulf Coast for an initial term of 10 years.
8 million Union County Utilities Authority, solid waste bonds, county deficiency agreement, series 1998;
Alon USA has also agreed to ship a minimum of 15,000 barrels per day under a 10-year throughput and deficiency agreement on the pipelines, with an option by Alon USA to extend the agreement by four additional thirty-month periods.
By submitting a binding proposal, bidders are offering to enter into a long-term throughput and deficiency agreement for pipeline capacity.
The rating reflects the security provided by the county's deficiency agreement.
4 million Union County Utilities Authority 1998 County Deficiency Agreement guaranteed bonds;
Support for outstanding debt is provided by Throughput & Deficiency Agreement with the four major oil companies that own LOCAP.
By terms of a deficiency agreement, Prince George's County covenants to restore deficiencies in this fund, subject to annual appropriation.