Common use of ANNUAL AVAILABILITY Clause in Contracts

ANNUAL AVAILABILITY. The Feed-in Approval Holder shall provide the Distribution Licensee with details of the Declared Annual Availability upon the execution of this Agreement. The Feed-in Approval Holder shall use its best endeavours to generate sufficient renewable energy so that the Metered Renewable Energy from the Renewable Energy Installation for every hour of each day of a Contract Year, after taking into account scheduled outages, maintenance outages and unplanned outages (but excluding interruptions due to a Force Majeure Event, emergency condition or other condition caused by the Distribution Licensee or its electricity distribution network), results in at least 70% of the Declared Annual Availability of such Contract Year (prorated in the case of the first and last Contract Years of the Term).

Appears in 7 contracts

Samples: ppp.worldbank.org, ppp.worldbank.org:443, efit.seda.gov.my

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ANNUAL AVAILABILITY. The Feed-in Approval Holder shall provide the Distribution Licensee with details of the Declared Annual Availability upon the execution of this Agreement. The Feed-in Approval Holder shall use its best endeavours to generate sufficient renewable energy so that the Metered Renewable Energy from the Renewable Energy Installation for every hour of each day of a Contract Yearyear, after taking into account scheduled outages, maintenance outages and unplanned outages (but excluding interruptions due to a Force Majeure Event, emergency condition or other condition caused by the Distribution Licensee or its electricity distribution network), results in at least 70% of the Declared Annual Availability of such Contract Year (prorated in the case of the first and last Contract Years years of the Term).

Appears in 2 contracts

Samples: ppp.worldbank.org:443, efit.seda.gov.my

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