Peak Availability Target and Peak Availability Payments Sample Clauses

Peak Availability Target and Peak Availability Payments. (a) For the First Contract Year, the Peak Availability Factor will be calculated per Exhibit 8.7 for the 12-Month period inclusive of both the Pre-Term Period and the First Contract Year (the “First Contract Year Peak Availability Factor”). If the First Contract Year Peak Availability Factor is less than the Peak Availability Target, the Peak Availability Payment will be calculated according to Section 2 of Exhibit 8.7, using the First Contract Year information and the First Contract Year Peak Availability Factor, Shell shall pay to Gulf Power such Peak Availability Payment. If in any subsequent Peak Availability Measurement Period the Peak Availability Factor is less than the Peak Availability Target, Shell shall pay to Gulf Power a Peak Availability Payment for such Peak Availability Measurement Period calculated according to Section 2 of Exhibit 8.7 at the times set forth in Sections 8.7(b) and 8.7(c). (1) Except as otherwise set forth in Section 8.7(b)(2), at the end of each Month, the Peak Availability Payment shall be calculated according to Exhibit 8.7, except that such Peak Availability Payment will not be calculated for the entire Peak Availability Measurement Period of the applicable Contract Year but will be calculated on a cumulative basis from the beginning of the Peak Availability Measurement Period of such Contract Year through the end of that Month (the “Cumulative Provisional Peak Availability Amount”). For each Contract Year3, in calculating the Cumulative Provisional Peak Availability Amount at the end of any Month, if the total Base Requested Energy during the Peak Availability Measurement Period from the beginning of the applicable Contract Year through the end of such Month is less than the Interim Peak Target Request Quantity as of the end of such Month (such difference, the “Interim Peak Request Shortfall”), the denominator of the fraction set forth in Section 1 of Exhibit 8.7 shall be increased by an amount equal to the Interim Peak Request Shortfall as of the end of such Month and the numerator of such fraction shall be increased by an amount equal to the Interim Peak Request Shortfall multiplied by the Peak Availability Target for the applicable Peak Availability Measurement Period. The Cumulative Provisional Peak Availability Amount as of the end of any Month shall not exceed the product of (i) the Peak Availability Target for such Contract Year minus the Peak Availability Factor for such Contract Year calculated on a cumulative...
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Related to Peak Availability Target and Peak Availability Payments

  • 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.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 17, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1, 2016 through and including December 31, 2016, $20,000,000.

  • 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.

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

  • Availability of Earnings Statements The Company shall make generally available to holders of its securities as soon as may be practicable but in no event later than the last day of the fifteenth (15th) full calendar month following the calendar quarter in which the most recent effective date occurs in accordance with Rule 158 of the Rules and Regulations, an earnings statement (which need not be audited but shall be in reasonable detail) for a period of twelve (12) months ended commencing after the effective date, and satisfying the provisions of Section 11(a) of the Act (including Rule 158 of the Rules and Regulations).

  • 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.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Service Availability You understand that Service availability is at all times conditioned upon the corresponding operation and availability of the communication systems used in communicating your instructions and requests to the Credit Union. We will not be liable or have any responsibility of any kind for any loss or damage thereby incurred by you in the event of any failure or interruption of such communication systems or services resulting from the act or omission of any third party, or from any other cause not reasonably within the control of the Credit Union.

  • 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.

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