Net Capacity Sample Clauses

Net Capacity. The term “Net Capacity” shall mean the Nameplate Capacity of the Interconnection Customer’s generating facilities, less the portion of that capacity needed to serve the Generating Facility’s Auxiliary Load.
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Net Capacity. Gross generating capacity of the Project less the capacity requirements of the Auxiliary Components, expressed in megawatts (MW). Net Capacity available to Edison will vary with ambient temperature, as set forth in Exhibit F, with one and two generting units in operation.
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Net Capacity. There shall be attributed to the person the whole of the declared net capacity represented by any Own Generating Unit.
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Net Capacity. The Net Capacity values, required under Section 4.21 and to be used in the administration of the Availability Factor in Section 15.5.2.1, shall be: NET CAPACITY IN KILOWATTS FOR TWO UNITS AT VARIOUS AMBIENT TEMPERATURES TEMP These values shall be reduced by fifty percent (50%) during scheduled maintenance on one unit and shall be reduced to zero (0) during scheduled maintenance on both units of the Project. These values may be revised periodically upon mutual agreement of the operating representatives. -------------------------------------------------------------------------------- EXHIBIT G GUARANTY AGREEMENT -------------------------------------------------------------------------------- GUARANTY AGREEMENT IN ORDER to induce Southern California Edison, a California corporation ("Edison"), to accept and purchase energy and capacity from Mammoth-Pacific ("Seller"), a California general partnership of which Pacific Geothermal Company ("Pacific") is a general partner, and which is a subsidiary of Pacific Lighting Energy Systems ("Guarantor"), Guarantor hereby unconditionally guarantees to Edison the performance of Seller in the event that Seller fails or refuses to make payments required by Sections 6.6, 15.1.5, or 15.3 (the "Obligations") of that certain Amended and Restated Power Purchase and Sales Agreement by and between Edison and Seller of even date herewith (the "Agreement"); specifically, Guarantor hereby agrees to guarantee and insure payment to Edison of unearned capacity payments pursuant to Seller's exercise of its option in accordance with the provisions of Section 6.6 of the Agreement; to insure payment to Edison of any excess monthly energy and capacity payments in accordance with the provisions of Section 15.1.5 of the Agreement; and to insure payment to Edison of any energy payment refunds and megawatt hour credits in accordance with Section 15.3 of the Agreement. This Guaranty Agreement shall be governed by the following conditions: 1. This Guaranty Agreement insures payment by Guarantor of Seller's Obligations under each of Sections 6.6, 15.1.5, and 15 3 of the Agreement. In the event that Seller fails or refuses, upon demand by Edison, to perform such Obligations, or each of them, Guarantor shall pay to Edison the amount of such Obligations, and each of them, provided however that the total sum guaranteed hereunder shall not exceed $1.3
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Related to Net Capacity

  • Contract Capacity The electric power producing capability of the Generating Facility which is committed to Edison.

  • Maximum Capacity The Sick Leave Bank shall accumulate unused Bank days from year to year to a maximum capacity which shall not exceed double the number of eligible employees as defined in the above Section C, Eligibility for Membership.

  • INDEPENDENT CAPACITY The employees or agents of each party who are engaged in the performance of this Agreement shall continue to be employees or agents of that party and shall not be considered for any purpose to be employees or agents of the other party.

  • Individual Capacity The Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrower and its Affiliates as though the Administrative Agent were not an Agent. With respect to the Loans made by it and all obligations owing to it, the Administrative Agent shall have the same rights and powers under this Agreement as any Lender and may exercise the same as though it were not an Agent, and the terms “Required Lenders”, “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity.

  • Legal Capacity All parties to the Mortgage Note and the Mortgage had legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage, and the Mortgage Note and the Mortgage have been duly and properly executed by such parties. The Mortgagor is a natural person;

  • Power and Capacity The Shareholder has the power, authority and capacity to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement constitutes the Shareholder’s valid, legal and binding obligation and is enforceable against the Shareholder in accordance with its terms, subject, however, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, moratorium and similar laws of general applicability relating to or affecting creditors’ rights;

  • FREQUENCY AND CAPACITY LEVELS No restriction on frequency, capacity or aircraft type.

  • Shareholder Capacity No Person executing this Agreement who, during the term hereof, is or becomes a director or officer of the Company makes any agreement or understanding herein in his or her capacity as a director or officer of the Company. Each Principal Shareholder signs solely in his, her or its capacity as the record holder and beneficial owner of, or the trustee of a trust whose beneficiaries are the beneficial owners of, Principal Shareholder Shares.

  • Financial Capacity (a) Taking into account the Financing Commitment, such Purchaser has, and at the Closing will have, sufficient resources to pay, in cash any and all amounts necessary for it to consummate the transactions contemplated hereby at the Closing, including payment of its Pro Rata Share of the Seller Purchase Price and the Company Purchase Price, and in the case of Purchaser A only, the Additional Company Purchase Price and the Election Purchase Price (to the extent payable hereunder) and all the fees and expenses expressly required to be paid by such Purchaser hereunder without any restrictions to transfer such funds at Closing to the Seller and the Company, as and to the extent required to be paid pursuant to, and subject to the terms of, this Agreement. The Sponsor affiliated with such Purchaser has, and at the Closing will have, sufficient resources to meet its obligations under its Commitment Letter as they become due. (b) As of the date of this Agreement, such Purchaser has delivered to the Seller a true, correct and complete copy of the Commitment Letter provided by its affiliated Sponsor, dated as of the date hereof. Such Commitment Letter has not been amended or modified, and the respective commitments contained in such Commitment Letter have not been withdrawn, terminated or rescinded. Such Commitment Letter (i) is in full force and effect, (ii) constitutes the legal, valid and binding obligation of such Purchaser and the Sponsor party thereto, and (iii) is enforceable by the Seller and the Company against such Purchaser and the Sponsor party thereto, in accordance with its terms, subject to bankruptcy, insolvency, reorganization and other Legal Requirements of general applicability relating to or affecting creditors’ rights and to general equity principles. There are no side letters or other Contracts related to the funding or investing, as applicable, of the applicable Financing Commitment other than such Commitment Letter. There are no conditions precedent to the consummation of such Financing Commitment other than those set forth in such Commitment Letter. As of the date of this Agreement, the Sponsor affiliated with such Purchaser is not subject to bankruptcy proceedings. (c) Notwithstanding anything to the contrary contained herein, in no event shall this Section 4.4 be deemed breached (and no condition set forth in Section 6.3 shall be deemed to have failed as a result of any actual or alleged breach of this Section 4.4), if (notwithstanding any actual or alleged breach), such Purchaser is willing and able to consummate its obligations at the Closing if and when it is otherwise required to do so under the terms and conditions of this Agreement.

  • Stockholder Capacity No Person executing this Agreement who is or becomes during the term hereof a director or officer of the Company shall be deemed to make any agreement or understanding herein in his or her capacity as such director or officer. Stockholder signs solely in his, her or its capacity as the beneficial owner of the Subject Shares and nothing herein shall limit or prohibit Stockholder or any of its Representatives, in his or her capacity as an officer or director of the Company, from taking any action or failing to take any action in such capacity.

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