Estimated Annual Production. The annual estimate of electricity generated by the system for each year of the initial term is set as forth in Schedule 4 of the Special Conditions (“Estimated Annual Production”). Within sixty (60) days of each annual anniversary of the Commercial Operation Date, Provider will provide a statement to Purchaser that shows the actual annual kWh production from the System for the Term Year, the Estimated Annual Production, and the Minimum Guaranteed Output (defined below).
Estimated Annual Production. The annual estimate of Solar Power with respect to the System for any given year as determined pursuant to this Section shall be the "Estimated Annual Production". The Estimated Annual Production for each year of the Initial Term is set forth in Schedule IV hereof.
Estimated Annual Production. The annual estimate of Energy generation with respect to the System for any given year as determined pursuant to this Section shall be the “Estimated Annual Production.” The Estimated Annual Production for each year of the Term is set as forth in Schedule 4.
Estimated Annual Production. Estimated Annual Production commencing on the Commercial Operation Date with respect to System under the Agreement shall be as follows:
Estimated Annual Production. The annual estimate of electricity generated by the system for each year of the initial term is set as forth in Schedule 4 of the Special Conditions ("Estimated
Estimated Annual Production. Set forth on Exhibit B is the expected annual output of the Solar Facility during each year of the Term. The Buyer acknowledges that the Estimated Annual Production amounts shown on Exhibit B are estimates for planning purposes only and do not represent guaranteed levels of the delivery of Energy.
Estimated Annual Production. The Estimated Annual Production for each year of the Initial Term is set as forth in Exhibit C. Buyer acknowledges and understands that solar power is an intermittent resource and that the output of the System, which is dependent on the sun and other factors, will constantly vary and that no particular amount of output from the System is guaranteed in amount or time of delivery except as that provided for herein. Beginning on the Commercial Operation Date, the System shall produce not less than seventy percent (70%) of the applicable Estimated Annual Production (the “Minimum Output Requirement”) under Standard Insolation Conditions at the Premises as of the Effective Date during the Initial Term, measured on a rolling, three-year, cumulative basis, unless, and then only to the extent that, the failure to satisfy the Minimum Output Requirement is due to (a) System failure, damage or downtime attributable to third parties, (b) inverter failure or delayed repair of an inverter due to manufacturing defects affecting either at least ten percent (10%) of the inverters shipped to Seller or its Affiliates or at least ten percent (10%) of the inverters shipped by the manufacturer or its distributors at any time during the three hundred sixty-five (365) day period preceding the discovery of the defect, (c) general utility outage or any failure of any electrical grid, (d) unauthorized or unexpected usage of the Premises, or buildings at or near the Premises, which may affect building permits, site permits and related requirements for the operation of the System, or that impact insolation striking the System; (e) a Force Majeure Event or (f) acts or omissions of Buyer or the LEU.
Estimated Annual Production. The annual estimate of Solar Services with respect to the System for any given year as determined pursuant to this
Estimated Annual Production. The annual estimate of electricity generated by the System for any given year as determined pursuant to this Section shall be the “Estimated Annual Production.” The Estimated Annual Production for each year of the Initial Term is set forth in Schedule 4 hereto. Purchaser acknowledges and agrees that the actual energy production could exceed the Estimated Annual Production in any given year and if the Parties are participating in the Standard VNM Program (as defined in Section 5.5 below), Purchaser shall still be responsible for purchasing any energy delivered by Provider to Purchaser above the Estimated Annual Production.
Estimated Annual Production. The total annual estimate of System Production for any given year shall be the “Estimated Annual Production.” The Estimated Annual Production and the estimated System Production to be allocated to Purchaser for each year of the Term commencing on the Commercial Operation Date (or such other date as may be specified in the Special Conditions) is set forth Schedule 4 of the Special Conditions. For the purposes of clarification, the estimated System Production allocated to Purchaser shall be Purchaser’s Allocated Percentage of the Estimated Annual Production.
