Distribution Losses Sample Clauses

Distribution Losses. Microsoft shall financially compensate PSE for an amount of Energy sufficient to provide for distribution losses to Microsoft’s Distribution Point(s)
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Distribution Losses. All future increase in these charges will have to be borne by the Solar Power Procurer. However, all the charges including those above will have to be paid by Solar Power Developer initially. The Solar Power Procurer will reimburse the Solar Power Developer for the charges mentioned above on a monthly basis. 2.4 Any new charges/ levies introduced by changes in regulations and charged on energy at a stage after the injection of energy into the grid, will be borne by the Solar Power Procurer. 2.5 The Solar Power Developer, at any time during validity of this Agreement, shall not add any extra solar modules/equipment more than the Contracted Capacity without the written consent from the Solar Power Procurer to be provided solely for the purpose of providing additional units over and above the contracted units at a tariff mutually agreed by both the parties 2.6 For Delivered Energy less than or more than the Contracted Units in a tariff year, the tariff shall be calculated as follows – 1. At the end of a Tariff Year, the units generated by the SPD will be consolidated and there will be no additional charges/ penalties levied if the generated output is within a deviation of 0.5 MUs of the contracted requirement of 14.4 MUs per year, 2. If the generation is less than 13.9 MUs in a year, the SPD will pay for the entire cost of procuring the defaulted power units from the DISCOM 3. If the generation is between 13.9 MUs and 14.4 MUs, the SPD will pay for the additional cost only. For example, if 14 MUs are produced by the SPD in a Tariff Year, it will be liable to pay difference between its quoted tariff and the tariff charged by DISCOM for defaulted 0.4 MUs. However, if only 13.8 MUs are produced, the SPD will be liable to pay the entire tariff charged by DISCOM for 0.6 MUs 4. If the generation is more than the contracted requirement in any Tariff Year, then as per the current regulations, the additional units will be deemed to be sold to the DISCOM. In case this sale price is less than the tariff quoted by SPD, VMC will recover all the losses from the SPD. In case tariff paid by the DISCOM is higher than SPD‟s quoted tariff, then VMC shall keep the profits gained from such a sale. 2.7 The SPD shall be liable to pay deviation charges as per the APERC‟s Regulation 4 of 2017. Such charges are payable for an absolute error of more than 15% between the forecasted production and the actual output in every 15 minute time block. Kindly refer to the notification issued by...
Distribution LossesBuyer shall be responsible for the costs of additional Energy, Renewable Energy and Capacity provided by Seller necessary to cover Distribution Losses, which shall be determined as follows: for energy by using the distribution loss factors required for settlements with the CAISO during the billing period; for Renewable Energy by using the distribution loss factors required by the California Public Utilities Commission for Renewable Portfolio Standards compliance for the compliance year; and for capacity by using the distribution loss factors required by the California Energy Commission for Resource Adequacy compliance for the compliance year.
Distribution LossesService Provider shall deliver energy sourced from the Vogtle PPA minus distribution losses. Distribution losses for the Services under this Agreement shall be as determined by the ratemaking process in the Service Territory. Service Provider shall provide to JEA information related to distribution losses for ratemaking purposes.‌
Distribution Losses. 5.1 The Customer acknowledges that water loss will occur in the transfer of the seasonal water allocation entitlement to the Nominated Taking Point ("Distribution Losses"); 5.2 LBW will calculate the nominal Distribution Losses as follows: (a) meter reading closing balance; (b) less meter reading opening balance; (c) multiplied by 10%. 5.3 Distribution Losses will be deducted from the Water Entitlements in the following order. (i) from the seasonal water allocation entitlement; then (ii) from any open water licence entitlement. 5.4 The Customer shall promptly notify LBW of any malfunction of, or damage to, the pump flow meter. 5.5 The Customer will indemnify LBW for any costs incurred by LBW in repairing damage occasioned to the pump flow meter where such damage has been caused as a result of action or inaction by the Customer or any third parties permitted by the Customer to access the land. 5.6 In the event of any inconsistency between these terms and conditions and the terms and conditions of any open water licence approved by LBW to the Customer whereby the Customer is allowed to pump open water for irrigation purposes, then the terms and conditions of the Water Supply Agreement shall prevail.
Distribution Losses. (1) Energy loss in the distribution system shall be called Distribution Loss. (2) Distribution Loss above and up to a particular voltage level shall be calculated as the difference between the energy initially injected into the distribution system and the sum of energy sold up to that level and energy delivered to next voltage level. % Distribution Loss above and up to a particular voltage level shall be expressed in terms of Distribution Loss up to that level as a percentage of the energy initially injected into the distribution system. (3) The Commission may require information on Circle-wise/Division-wise and/or month-wise Distribution loss calculation. (4) To substantiate the Distribution Loss calculations, the Commission may require the Distribution Licensee to conduct proper and reliable energy audit. (5) The Distribution Licensee shall also propose voltage-wise losses for remaining years of the control period from FY 2017-18 onwards for the determination of voltage-wise cost of supply. The Commission shall examine the filings made by the licensee for the distribution loss trajectory for each year of the control period and approve the same with modification as it may consider necessary. (6) The Commission may ask Distribution Licensee to submit detailed information on voltage- wise Distribution Losses segregating them into Technical loss (i.e. Ohmic/Core loss in the lines, substations and equipment) and Commercial Loss (i.e. unaccounted energy due to metering inaccuracies/inadequacies, pilferage of energy, etc.). The Commission shall examine the filings made by the Distribution Licensee in respect of distribution loss (segregated into technical loss and commercial loss) and approve the same with modification, as it may consider necessary. (7) The Commission may fix targets, both long term and short term, for each year of control period for loss reduction to bring down the Distribution loss levels (both technical and commercial) gradually to acceptable norms of efficiency.

Related to Distribution Losses

  • Distributions and Allocations (i) Subject to Section 8.6(c), the Redeeming Partner shall have no right to receive any distributions that are paid after the Specified Redemption Date with respect to any Partnership Units redeemed pursuant to this Section 8.6. (ii) If any Partnership Interest is redeemed (other than pursuant to Section 8.6(c)) on any day other than the first day of a Fiscal Year, then Profit, Losses, each item thereof and all other items attributable to such Partnership Interest for such Fiscal Year shall be divided and allocated to the Redeeming Partner by taking into account the Redeeming Partner’s ownership of such Partnership Interest during the Fiscal Year in accordance with Section 706(d) of the Code, using the interim closing of the books method (unless the General Partner, in its sole and absolute discretion, elects to adopt a daily, weekly or monthly proration period, in which event Profits, Losses, each item thereof and all other items attributable to such redeemed Partnership Interest for such Fiscal Year shall be prorated based upon the applicable method selected by the General Partner).

  • Allocation of Realized Losses Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Servicing Modification, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period or, in the case of a Servicing Modification that constitutes a reduction of the interest rate on a Mortgage Loan, the amount of the reduction in the interest portion of the Monthly Payment due during the related Due Period. The amount of each Realized Loss shall be evidenced by an Officers' Certificate. All Realized Losses, other than Excess Special Hazard Losses, Extraordinary Losses, Excess Bankruptcy Losses or Excess Fraud Losses, shall be allocated as follows: first, to the Class B-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Discount Mortgage Loan, to the Class A-P Certificates in an amount equal to the Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non-Discount Mortgage Loans will be allocated among all the Senior Certificates (other than the Class A-V Certificates and Class A-P Certificates) in the case of the principal portion of such loss on a pro rata basis and among all of the Senior Certificates (other than the Class A-P Certificates) in the case of the interest portion of such loss on a pro rata basis, as described below. Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses, Extraordinary Losses on Non-Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. The principal portion of such Realized Losses on the Discount Mortgage Loans will be allocated to the Class A-P Certificates in an amount equal to the Discount Fraction thereof and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non- Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date; provided that no such reduction shall reduce the aggregate Certificate Principal Balance of the Certificates below the aggregate Stated Principal Balance of the Mortgage Loans. Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a). Allocations of the interest portions of Realized Losses (other than any interest rate reduction resulting from a Servicing Modification) shall be made in proportion to the amount of Accrued Certificate Interest and by operation of the definition of "Accrued Certificate Interest" and by operation of the provisions of Section 4.02(a). Allocations of the interest portion of a Realized Loss resulting from an interest rate reduction in connection with a Servicing Modification shall be made by operation of the provisions of Section 4.02(a). Allocations of the principal portion of Debt Service Reductions shall be made by operation of the provisions of Section 4.02(a). All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby; provided that if any Subclasses of the Class A-V Certificates have been issued pursuant to Section 5.01(c), such Realized Losses and other losses allocated to the Class A-V Certificates shall be allocated among such Subclasses in proportion to the respective amounts of Accrued Certificate Interest payable on such Distribution Date that would have resulted absent such reductions.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows: (i) First, 2% to the General Partner, and 98% to the Unitholders, Pro Rata, until the aggregate Net Losses allocated pursuant to this Section 6.1(b)(i) for the current taxable year and all previous taxable years is equal to the aggregate Net Income allocated to such Partners pursuant to Section 6.1(a)(iii) for all previous taxable years, provided that the Net Losses shall not be allocated pursuant to this Section 6.1(b)(i) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (ii) Second, 2% to the General Partner, and 98% to the Unitholders, Pro Rata; provided, that Net Losses shall not be allocated pursuant to this Section 6.1(b)(ii) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable year (or increase any existing deficit balance in its Adjusted Capital Account); (iii) Third, the balance, if any, 100% to the General Partner.

  • Profits/Losses For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Profits Losses and Distributions A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's Interest in the Company. A Member's Interest shall be defined as a Member's pro rata share of ownership in the Company. B. Any distribution of cash or any other property of the company shall be distributed in the following order: (1) payment of taxes; (2) payment of any indebtedness including debts owing to any Member and any other expenses; and (3) to the Members in accordance with each Member's Interest in the Company.

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

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