Common use of Guaranteed Minimum Annual Plant Electrical Generation Clause in Contracts

Guaranteed Minimum Annual Plant Electrical Generation. Vendor guarantees that the Plant’s XXX weighted electrical generation during any one of the periods described in Section 8.1.1 during the first [*] years of the Plant’s commercial operation following the Initial Energy Delivery Date under the PPA will be not less than [*] times the lesser of: (i) the proforma financial model projected XXX weighted electrical generation; or (ii) * Confidential Treatment Requested

Appears in 2 contracts

Samples: Solar Field Agreement (BrightSource Energy Inc), Solar Field Agreement (BrightSource Energy Inc)

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Guaranteed Minimum Annual Plant Electrical Generation. Vendor guarantees that the Plant’s XXX weighted electrical generation during any one of the periods described in Section 8.1.1 during the first [*] four years of the Plant’s commercial operation following the Initial Energy Delivery Date under the PPA will be not less than [*] 95% times the lesser of: (i) the proforma financial model projected XXX weighted electrical generation; or (ii) * Confidential Treatment Requested

Appears in 2 contracts

Samples: Solar Field Agreement (BrightSource Energy Inc), Solar Field Agreement (BrightSource Energy Inc)

Guaranteed Minimum Annual Plant Electrical Generation. Vendor guarantees that the Plant’s XXX weighted electrical generation during any one of the periods described in Section 8.1.1 during the first [*] years of the Plant’s commercial operation following the Initial Energy Delivery Operation Date under the PPA will be not less than [*] times the lesser of: (i) the proforma financial model projected XXX weighted electrical generation; or (ii) the * Confidential Treatment Requested

Appears in 1 contract

Samples: Solar Field Agreement (BrightSource Energy Inc)

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Guaranteed Minimum Annual Plant Electrical Generation. Vendor guarantees that the Plant’s XXX weighted electrical generation during any one of the periods described in Section 8.1.1 during the first [*] four years of the Plant’s commercial operation following the Initial Energy Delivery Operation Date under the PPA will be not less than [*] 95% times the lesser of: (i) the proforma financial model projected XXX weighted electrical generation; or (ii) the * Confidential Treatment Requested

Appears in 1 contract

Samples: Solar Field Agreement (BrightSource Energy Inc)

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