Adjustments Based on Actual Annual Availability Sample Clauses

Adjustments Based on Actual Annual Availability. Within fifteen (15) days following the end of each calendar year during the Term, Seller shall provide the Department with a statement setting forth the Annual Availability achieved by the Facility during the immediately preceding calendar year. In the event that the Annual Availability for such calendar year exceeds the applicable Contract Availability, then within thirty (30) days following the Department’s receipt of the statement described above, the Department shall pay Seller an amount equal to the sum of the Capacity Payments paid to Seller during such calendar year multiplied by the lesser of (i) the amount by which the Annual Availability for such calendar year exceeds the applicable Contract Availability, and (ii) ten percent (10%). In the event that the Annual Availability for such calendar year is less than the applicable Contract Availability, then within thirty (30) days following the Department’s receipt of the statement described above, Seller shall pay the Department an amount equal to the sum of the Capacity Payments paid to Seller during such calendar year multiplied by the lesser of (i) the amount by which the Annual Availability for such calendar year is less than the applicable Contract Availability, and (ii) ten percent (10%). METERING Metering. The terms of that certain Meter Service Agreement for ISO Metered Entities, dated May 3, 2001, by and between Seller and the CAISO, a copy of which is attached hereto as Exhibit B, is hereby incorporated by reference. TEST ENERGY Test Energy. Seller shall coordinate the production and delivery of Test Energy with the Department. Test Energy for Phase 1 Term may commence on or after June 15, 2001. Test Energy for Xxxxx 0 Xxxx may commence on or after February 1, 2003. The Department shall cooperate with Seller to facilitate Seller’s testing of the Facility and shall purchase all Test Energy delivered to CAISO for the Department’s account during the Term of this Agreement at a price of ten dollars ($10) per MWh plus the VO&M payment and fuel payment delineated in Sections 7.02 and 7.03 respectively. HEAT RATE AND HEAT RATE TESTING Heat Rate. The heat rate for the Facility at Standard Site Conditions, Full Load, and “new & clean” condition expressed in Btu/kWh HHV (the “Contract Heat Rate”) shall be as follows: Xxxxxx Xxxxx 0, the Contract Heat Rate shall be the result of the heat rate test of the Facility conducted in connection with Seller’s acceptance of the Facility in its Phase 1 configurat...
Sample 1
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Adjustments Based on Actual Annual Availability. Within fifteen (15) days following the end of each calendar year during the Term, Seller shall provide the Department with a statement setting forth the Annual Availability achieved by the Facility during the immediately preceding calendar year, calculated according to the formula set forth in Section 8.05 below.
Sample 1

Related to Adjustments Based on Actual Annual Availability

  • Change in pension value This is the change in present value of defined benefit and actuarial pension plans.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Adjustment for Volume Deficit If Sale Area Map indicates that there are incompletely Marked subdivisions and if Contracting Officer determines that a deficit in the estimated volume will cause the volume cut to be less than 90 percent of the total estimate shown in A2, Forest Service, upon request by Purchaser, shall des- ignate additional timber within Sale Area. Such additional timber shall be limited to that estimated to be necessary to reach approximately the estimated volumes by species listed in A2. Any such additional designation shall be con- sistent with land and resource management plans.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

  • Lower Salary Level An employee who accepts another position with a lower salary range will be paid an amount equal to his or her current salary, provided it is within the salary range of the new position. In those cases where the employee’s current salary exceeds the maximum amount of the salary range for the new position, the employee will be compensated at the maximum salary of the new salary range.

  • Overtime Pay Calculation Overtime shall not be claimed or received for less than fifteen (15) minutes. If overtime amounts to fifteen (15) minutes, or more, it shall be paid for the total period.

  • Shift Differential Compensation Any employee in the bargaining unit whose assigned work shift commences (for unit-1) prior to 5:30 a.m. or whose work shift ends after 5:30 p.m., or (for unit-2 members) commences after 2:00 p.m. shall be paid a shift differential premium of five (5%) percent above the regular rate of pay for all hours worked.

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