Planned Outage Definition Sample Clauses

Planned Outage Definition. A Planned Outage shall be in force per the following: 2.1 Seller submits a Planned Outage request in a proper manner and to an identified Buyer point of contact at least ten (10) Business Days before the requested Planned Outage. 2.2 Buyer has five (5) Businesses Day to respond either in the affirmative or negative to the request, permitting Seller to maintain the Facility in accordance with Good Utility Practice. 2.3 If Buyer does not timely respond, Buyer will be deemed to have approved of the Planned Outage request. 2.4 Buyer may override a previously approved Planned Outage with three (3) full Business Days’ notice to Seller. 2.5 No Planned Outages shall be scheduled from June 1 through September 30 (“Peak Season”) in any year during the term or subsequent extensions. 1. THE BENEFICIARY IS A PARTY TO THAT CERTAIN FLEXIBILITY SERVICES STANDARD AGREEMENT, EFFECTIVE [ ], AMONG THE BENEFICIARY, . AND [CUSTOMER/COUNTERPARTY NAME] (THE “AGREEMENT”). 2. BENEFICIARY IS MAKING A DRAWING UNDER THE LETTER OF CREDIT IN THE AMOUNT OF $[ ] BECAUSE [CHECK APPLICABLE PROVISION]: [ ] (A) THERE CURRENTLY EXIST ONE OR MORE UNPAID AMOUNTS WHICH [CUSTOMER/COUNTERPARTY NAME] IS OBLIGATED TO PAY PURSUANT TO THE TERMS OF THE AGREEMENT. [ ] (B) AN EVENT HAS OCCURRED (WHICH MAY INCLUDE, WITHOUT LIMITATION, FAILURE TO SATISFY OR MEET AN OBLIGATION, CONDITION, REQUIREMENT, COVENANT OR OTHER COMMITMENT) THAT, UNDER THE TERMS OF THE AGREEMENT, HAS GIVEN RISE TO A RIGHT FOR BENEFICIARY TO MAKE A DRAWING UNDER THE LETTER OF CREDIT AS REQUESTED HEREIN. [ ] (C) [BANK NAME]’S CORPORATE CREDIT RATING FROM STANDARD & POOR’S HAS FALLEN BELOW A AND/OR [BANK NAME]’S CORPORATE CREDIT RATING FROM XXXXX’X INVESTORS SERVICE HAS FALLEN BELOW A2, BENEFICIARY HAS MADE WRITTEN DEMAND ON [CUSTOMER/COUNTERPARTY NAME] TO DELIVER A REPLACEMENT LETTER OF CREDIT ISSUED BY A THIRD PARTY BANK SATISFYING THE REQUIREMENTS OF THE BENEFICIARY, AND [CUSTOMER/COUNTERPARTY NAME] HAS FAILED TO DELIVER SUCH REPLACEMENT LETTER OF CREDIT TO BENEFICIARY PRIOR TO THE CLOSE OF BUSINESS ON THE TENTH (10TH) DAY FOLLOWING SUCH WRITTEN DEMAND. [ ] (D) THE BENEFICIARY HAS RECEIVED NOTICE FROM THE BANK OF ITS INTENTION NOT TO EXTEND THE LETTER OF CREDIT BEYOND THE CURRENT EXPIRATION DATE AND [CUSTOMER/COUNTERPARTY NAME] HAS FAILED, PRIOR TO THE CLOSE OF BUSINESS ON [ ] [INSERT DATE WHICH IS NOT MORE THAN THIRTY (30) DAYS BEFORE THE PRESENT EXPIRATION DATE], TO DELIVER TO BENEFICIARY A REPLACEMENT LETTER OF CREDIT SATISFYING TH...
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Related to Planned Outage Definition

  • Service Definition For purposes of this Agreement and Executive’s Compensatory Equity, “Service” shall mean service by the Executive as an employee and/or consultant of the Company (or any subsidiary or parent or affiliated entity of the Company) and/or service by the Executive as a member of the Board.

  • Overtime Definition Overtime shall be defined as being all hours worked in excess of the normal or standard work day, or in excess of the normal or standard work week. The overtime rate shall be one and one-half (1½) times the regular straight time hourly rate of pay. NOTE: Article 16.04 is applicable to full-time employees only.

  • FTE Definition Effective September 1, 2017, part-time teacher FTE will be determined by the ratio of the teacher’s actual annual instructional time to the teacher instructional time of a full-time assignment in the teacher’s school. This FTE will be used to calculate the prorated portion of a teacher’s assignable time.

  • Grievance Definition A grievance is an allegation by an employee or a group of employees that there has been a violation, misapplication, or misinterpretation of this Agreement, which occurred during the term of this Agreement. The term “grievant” as used in this Article includes the term “grievants.”

  • – SCOPE & DEFINITIONS 2.01 The Employer recognizes the Union as the bargaining agent of all Registered and Graduate Nurses employed by Revera Long Term Care Inc. operating as Columbia Forest Long Term Care Centre, Waterloo, Ontario, in a nursing capacity save and except the Assistant Director of Care and persons above the rank of Assistant Director of Care. (a) A full-time employee shall mean an employee covered by this Agreement who is committed to and regularly works the full work period of seventy- five (75) bi-weekly hours, exclusive of overtime. (b) A regular part-time employee is one who is committed to and regularly works less than the full prescribed bi-weekly hours of work. (c) A casual part-time employee means an employee who is called to work on a call in basis, but who does not work a regular schedule, or does so only for a specified period. Such employee has the option of refusing work when it is made available to her, however, it is also understood that a casual part-time employee cannot unreasonably or consistently refuse to work shifts. 2.03 Whenever the feminine pronoun is used in this agreement, it includes the masculine pronoun, where the context so requires and vice-versa. Where the singular is used, it may also be deemed to mean the plural and vice-versa.

  • Grievance Definitions A grievance shall be defined as any difference arising out of an interpretation, application, administration or alleged violation of this Collective Agreement. A grievance shall be categorized as follows: (a) an individual grievance is a dispute affecting one (1) Employee. Such grievance shall be initiated at Step 1 of the grievance procedure as outlined in Clause 8.05 except in cases of suspension which will commence at Step 2 or dismissal which will commence at Step 3; or (b) a group grievance is a dispute affecting two (2) or more Employees. Such grievance shall be initiated at Step 2 and processed there from in the same manner as an individual grievance as outlined in Clause 8.05. A group grievance shall list all Employees affected by the grievance and the results of such grievance shall apply, proportionately if applicable, to all Employees listed on the original grievance; or (c) a policy grievance is a dispute between the Parties which, due to its nature, is not properly the subject of an individual or group grievance. Such grievance shall be initiated, in writing, within twenty (20) days of the date the aggrieved Party first became aware of or reasonably should have become aware of the event leading to the grievance. If the policy grievance is a Union grievance, it shall commence at Step 2. If the policy grievance is an Employer grievance, it shall be directed to the Union President and the President shall render a written reply within five (5) days of receipt. Upon receipt of response or failure to reply, the Employer may advance the grievance to arbitration. Notwithstanding Clause 8.01(a), (b) and (c) and Clause 8.05 the Parties may mutually agree to advance the grievance to a subsequent step in the grievance process. In the event any management officers as named in the grievance steps are one and the same, the subsequent steps will be deemed to have been complied with.

  • Common Areas - Definition The term "Common Areas" is defined as all areas and facilities outside the Premises and within the exterior boundary line of the Industrial Center and interior utility raceways within the Premises that are provided and designated by the Lessor from time to time for the general non-exclusive use of Lessor, Lessee and other lessees of the Industrial Center and their respective employees, suppliers, shippers, customers, contractors and invitees, including parking areas, loading and unloading areas, trash areas, roadways, sidewalks, walkways, parkways, driveways and landscaped areas.

  • Seniority Definition Seniority is the Layoff Service Date which is the date the employee began state service (except as a temporary appointee) as adjusted for break(s)-in-service. (See Letter of Agreement 70.00-09-179 in Appendix A).

  • Employee Definitions A Regular Full-Time Employee is an employee who is employed on a full-time basis of 35, 37½, 40 or such other number of weekly hours as is recognized in the Collective Agreement as normal for a particular class of positions, for an indefinite period of time.

  • Overtime Defined All time worked before or after the regular work day, the regular work week or on a holiday, as specified herein, shall be considered overtime.

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