Common use of Guaranteed Availability Clause in Contracts

Guaranteed Availability. Seller guarantees that the annual Availability of the Facility shall be at least ninety five percent (95%) of the calculated Availability (the “Guaranteed Availability”). In no event shall the required Guaranteed Availability for any period be subject to any adjustment in the event that Seller achieves Final Completion at less than one hundred percent (100%) of the Expected Nameplate Capacity Rating.

Appears in 3 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

AutoNDA by SimpleDocs

Guaranteed Availability. Seller guarantees that the annual Availability of the Facility shall be at least ninety five percent (9590%) of the calculated Availability (the “Guaranteed Availability”). In no event shall the required Guaranteed Availability for any period be subject to any adjustment in the event that Seller achieves Final Completion at less than one hundred 100 percent (100%) of the Expected Nameplate Capacity Rating.

Appears in 1 contract

Samples: Power Purchase Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.