Off Peak Availability Target and Off Peak Availability Payments Sample Clauses

Off Peak Availability Target and Off Peak Availability Payments. (a) For the First Contract Year, the Off Peak Availability Factor will be calculated per Exhibit 8.8 for the 12-Month period inclusive of both the Pre-Term Period and the First Contract Year (the “First Contract Year Off Peak Availability Factor”). If the First Contract Year Off Peak Availability Factor is less than the Off Peak Availability Target, the Off Peak Availability Payment will be calculated according to Section 2 of Exhibit 8.8, using the First Contract Year information and the First Contract Year Off Peak Availability Factor, Shell shall pay to Gulf Power such Off Peak Availability Payment. If in any subsequent Off Peak Availability Measurement Period the Off Peak Availability Factor is less than the Off Peak Availability Target, Shell shall pay to Gulf Power an Off Peak Availability Payment for such Off Peak Availability Measurement Period calculated according to Section 2 of Exhibit 8.8. (1) Except as otherwise provided in Section 8.8(b)(2), at the end of each Month, the Off Peak Availability Payment shall be calculated according to Exhibit 8.8, except that (i) such Off Peak Availability Payment will not be calculated for the entire Off Peak Availability Measurement Period of the applicable Contract Year but will be calculated on a cumulative basis from the beginning of the Off Peak Availability Measurement Period of such Contract Year through the end of that Month, and (ii) the variable CPm in Section 2 of Exhibit 8.8 shall be the total of the Capacity Payments payable by Gulf Power in respect of such Contract Year from the beginning of such Contract Year through the end of the applicable Month (which Capacity Payments shall be determined taking into account any adjustment under Section 4.1(b) but without regard to any adjustments under Section 4.1(c) or 4.1(d)) (the “Cumulative Provisional Off Peak Availability Amount”). For each Contract Year4, in calculating the Cumulative Provisional Off Peak Availability Amount at the end of any Month, if the total Base Requested Energy during the Off Peak Availability Measurement Period from the beginning of the applicable Contract Year through the end of such Month is less than the Interim Off Peak Target Request Quantity as of the end of such Month (such difference, the “Interim Off Peak Request Shortfall”), the denominator of the fraction set forth in Section 1 of Exhibit 8.8 shall be increased by an amount equal to the Interim Off Peak Request Shortfall as of the end of such Month and the numerator...
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Related to Off Peak Availability Target and Off Peak Availability Payments

  • RDDS availability Refers to the ability of all the RDDS services for the TLD, to respond to queries from an Internet user with appropriate data from the relevant Registry System. If 51% or more of the RDDS testing probes see any of the RDDS services as unavailable during a given time, the RDDS will be considered unavailable.

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Closing Availability After giving effect to all Borrowings to be made on the Effective Date and the issuance of any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Indebtedness, the Borrowers’ Availability shall not be less than $500,000.

  • General Availability The commitment to availability specified in the letter of appointment shall be subject to mutually acceptable revision. Such revision will occur once per year, or, if mutually agreed between the Employer and the employee, on a more frequent basis. The Employer will issue a revised letter of appointment to reflect approved changes to employee’s general availability.

  • EPP service availability Refers to the ability of the TLD EPP servers as a group, to respond to commands from the Registry accredited Registrars, who already have credentials to the servers. The response shall include appropriate data from the Registry System. An EPP command with “EPP command RTT” 5 times higher than the corresponding SLR will be considered as unanswered. If 51% or more of the EPP testing probes see the EPP service as unavailable during a given time, the EPP service will be considered unavailable.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from the April 29, 2016 through and including May 29, 2016, $10,000,000, (ii) as of any date of determination during the period from the May 30, 2016 through and including July 15, 2016, $15,000,000, (iii) as of any date of determination during the period from the July 16, 2016 through and including September 29, 2016, $17,500,000, and (iv) as of any date of during the period from September 30, 2016 through and including December 31, 2016, $20,000,000.”

  • High Availability Registry Operator will conduct its operations using network and geographically diverse, redundant servers (including network-­‐level redundancy, end-­‐node level redundancy and the implementation of a load balancing scheme where applicable) to ensure continued operation in the case of technical failure (widespread or local), or an extraordinary occurrence or circumstance beyond the control of the Registry Operator. Registry Operator’s emergency operations department shall be available at all times to respond to extraordinary occurrences.

  • Funds Availability Policy Our policy is to make funds from your cash and check deposits available to you on the first (1st) business day after the day we receive your deposit. Electronic direct deposits will be available on the day we receive the deposit. Once deposited funds are available, you can withdraw the funds in cash and we will use the funds to pay checks that you have written. Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the fifth (5th) business day after the day of your deposit. This rule does not apply at ATMs that we own or operate (proprietary ATMs). All ATMs that we own or operate are identified as our machines. Funds from any deposits (cash or checks) made at proprietary ATMs may not be available until the second (2nd) business day after the day of your deposit. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and federal holidays. If you make a deposit before 6:00 p.m. Pacific Standard Time on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after 6:00 p.m. Pacific Standard Time, or on a day we are not open, we will consider that the deposit was made on the next business day we are open. In some cases, we will not make all of the funds that you deposit by check available to you on the first (1st) business day after the day of your deposit. Depending on the type of check that you deposit, funds may not be available until the fifth (5th) business day after the day of your deposit. However, the first $225 of your deposits will be available on the first (1st) business day after the day of your deposit. If we are not going to make all of the funds from your deposit available on the first (1st) business day after the day of your deposit, we will notify you at the time you make your deposit. We will also tell you when the funds will be available. If your deposit is not made directly to one of our employees, or if we decide to take this action after you have left the premises, we will mail you the notice or electronically deliver the notice, if you have agreed to receive notices from us in an electronic format, by the business day after we receive your deposit. If you will need the funds from a deposit immediately, you should ask us when the funds will be available. In addition, funds you deposit by check may be delayed for a longer period under the following circumstances: 1. We believe a check you deposit will not be paid. 2. You deposit checks totaling more than $5,000 on any one day. 3. You redeposit a check that has been returned unpaid. 4. You have overdrawn your account repeatedly in the last six (6) months. 5. There is an emergency, such as failure of communications or computer equipment. We will notify you if we delay your ability to withdraw funds for any of these reasons, and we will tell you when the funds will be available. They will generally be available no later than the seventh (7th) business day after the day of your deposit.

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

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