Guaranteed Heat Rate Sample Clauses

Guaranteed Heat Rate. (i)Seller shall guarantee each Unit’s Heat Rate over the following range of dispatchable operational levels at the mean Site elevation at standard ISO Conditions (59º F, 60% relative humidity) and Peak July Conditions: at Peak Load; at 100% of Base Load on the combustion turbine(s); at 75% of Base Load on the combustion turbine(s); at 50% of Base Load on the combustion turbine(s); and if applicable at minimum load on the combustion turbine(s), if less than 50%. [Note: The concept of Single Unit Operation and Dual Unit Operation, and the curve shape below that takes into consideration duct-fire operations as well as operations without duct firing, is particular to combined cycle technology. Modifications will be made for other technologies.] For purposes of scheduling the output of the plant, Seller shall provide the Guaranteed Heat Rate Curve from minimum load to Peak Load based on the Guaranteed Heat Rate Points found in Appendix II and the best fit mathematical curve fit equations for each curve or curve segment, at the ISO Conditions for Single Unit Operation and Dual Unit Operation and shall provide no later than 12 months prior to the Initial Delivery Date (i) the correction curves to correct for changes in ambient dry bulb temperature from the ISO Condition, (ii) the correction curves to correct for ambient relative humidity from the ISO Condition, and (iii) the correction curves to correct for ambient barometric pressure from the Site ISO Condition (collectively with the Guaranteed Heat Rate Curve, the “Guaranteed Heat Rate Curves”), which will be deemed incorporated into Appendix II when provided. The Guaranteed Heat Rate Curves shall consist of two curve segments, (a) the Unfired Guaranteed Heat Rate curves for operations between minimum load and Base Load, and (b) the Duct-Fired Guaranteed Heat Rate curves from Base Load to Peak Load. The curve fit equations will be used for determination of all Guaranteed Heat Rates, with graphical format provided for information purposes only.
Sample 1Sample 2Sample 3See All (8)
Guaranteed Heat Rate. The Guaranteed Heat Rate of the Project at Contract Capacity is [__________] Btu per kWh (HHV) at the Contract Conditions, when tested in accordance with the procedures set forth in Appendix 7. The results of the most recent test shall determine the Heat Rate until the next test is performed in accordance herewith. The “Heat Rate Percentage” for the Project shall be the Heat Rate of the Project divided by the Guaranteed Heat Rate, expressed as a percentage. The Heat Rate Percentage will remain in effect until another Heat Rate for the Project is established through a Heat Rate test described above. If the Heat Rate Percentage of the Project during a month of the Delivery Period is lower than 98% or higher than102%, the Monthly Capacity Payment payable in respect of such month shall be adjusted as set forth in Appendix 9.2 by the resultant Heat Rate Payment for such month, which shall be calculated as follows: HRP = (GHR ‑ THR) x DE x ICF Where: HRP is the Heat Rate Payment for such month in respect of the Project. GHR is the Guaranteed Heat Rate of the Project. THR is Test Heat Rate during such month for the Project at the Contract Capacity determined in accordance with Appendix 7. DE is Delivered Energy during such month. ICF is Indexed Cost of Fuel per Btu during such month which shall be (a) if GHR is greater than THR, the Gas Index, or (b) if THR is greater than GHR, the sum of the Gas Index and the Transport Cost. A positive value for the Heat Rate Payment represents a payment to be made from Buyer to Seller, and a negative value represents a payment to be made from Seller to Buyer. If, for any reason, the Gas Index ceases to be published, or either Party reasonably believes that the Gas Index is substantially changed so that it does not adequately reflect the aggregate market price of gas at various receipt points on the Buyer system, then either Party may provide the other with Notice to such effect and the Parties shall negotiate in good faith to determine an alternative method or methods for determining the Gas Index in order to maintain the balance of economic benefits and burdens that the Parties agreed to with respect to the Gas Index as of the “Effective Date”. Any substitute index or indices must be recognized in the industry as a measure of aggregate daily prices for gas delivered to the various receipt points on the Buyer system. If the Parties are unable to agree on a successor market, index or methodology within thirty (30) days of the da...
Sample 1Sample 2Sample 3
Guaranteed Heat Rate. The Guaranteed Heat Rate for each Dedicated Unit during each hour of the Month shall be determined according to this Appendix H based upon the energy requested pursuant to a Dispatch order and not the actual output of such Dedicated Unit.
Sample 1
Guaranteed Heat Rate. The fuel consumed for each Dedicated Unit shall be measured against the Guaranteed Heat Rate pursuant to Appendix H.
Sample 1

Related to Guaranteed Heat Rate

  • Guaranteed Obligations For purposes of this Agreement, the term “Guaranteed Obligations” shall mean the payment and performance of each and every obligation of the Tenant to the Landlord under the Lease or relating thereto, whether now existing or hereafter arising, and including, without limitation, the payment of the full amount of the Rent payable under the Lease.

  • Insured or Guaranteed Loans If any Loans being transferred pursuant to this Agreement, including the Shared-Loss Agreements, are insured or guaranteed by any department or agency of any governmental unit, federal, state or local, Assuming Institution represents that Assuming Institution has been approved by such agency and is an approved lender or mortgagee, as appropriate, if such approval is required. Assuming Institution further assumes full responsibility for determining whether or not such insurance or guarantees are in full force and effect on the date of this Agreement and with respect to those Loans whose insurance or guaranty is in full force and effect on the date of this Agreement, Assuming Institution assumes full responsibility for doing all things necessary to insure such insurance or guarantees remain in full force and effect. Assuming Institution agrees to assume all of the obligations under the contract(s) of insurance or guaranty, agrees to cooperate with the Receiver where necessary to complete forms required by the insuring or guaranteeing department or agency to effect or complete the transfer to Assuming Institution.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!