Common use of Availability Liquidated Damages Clause in Contracts

Availability Liquidated Damages. If the Actual Availability is less than the Guaranteed Availability, then Owner shall owe O&R liquidated damages equal to: (Guaranteed Availability - Actual Availability) x Contract Capacity x $[4,829]/MW For example: (98.0% - 96.5%) x 5.0 MW x $[4,829]/MW = $36,217.50

Appears in 1 contract

Samples: Energy Storage Services Agreement

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Availability Liquidated Damages. If the Actual Availability is less than the Guaranteed Availability, then Owner shall owe O&R RG&E liquidated damages equal to: (Guaranteed Availability - Actual Availability) x Contract Capacity x $[4,829]/MW XXXXXX]/MW For example: (98.0% - 96.5%) x 5.0 MW x $[4,829]/MW = $36,217.50XXXXX]/MW =

Appears in 1 contract

Samples: Energy Storage Services Agreement

Availability Liquidated Damages. If the Actual Availability is less than the Guaranteed Availability, then Owner shall owe O&R RG&E liquidated damages equal to: ((Guaranteed Availability Availability) - (Actual Availability)) x (Contract Capacity Capacity) x (U.S. $[4,829]/MW XXXXXX]/MW For example: (98.096.0% - 96.594.5%) x (5.0 MW MW) x (U.S. $[4,829]/MW ) = U.S. $36,217.5036,217.50 Capacity.

Appears in 1 contract

Samples: Energy Storage Services Agreement

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Availability Liquidated Damages. If the Actual Availability is less than the Guaranteed Availability, then Owner shall owe O&R RG&E liquidated damages equal to: ((Guaranteed Availability Availability) - (Actual Availability)) x (Contract Capacity Capacity) x (U.S. $[4,829]/MW XXXXXX]/MW For example: (98.096.0% - 96.594.5%) x (5.0 MW MW) x (U.S. $[4,829]/MW ) = U.S. $36,217.50

Appears in 1 contract

Samples: Energy Storage Services Agreement

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