Common use of Reduction in Unit NQC Clause in Contracts

Reduction in Unit NQC. Seller’s obligation to deliver the Contract Quantity for any Showing Month shall be reduced in the event the Unit NQC of a Unit is reduced from the Unit NQC as specified in Appendix A. In such an event, the Unit Contract Quantity for such Unit shall be reduced by the product of (i) the difference in the Unit NQC as specified in Appendix A and the then current Unit NQC and (ii) the applicable Prorated Percentage of Unit Factor for such Unit. The “Delivery Period” shall be __________, unless terminated earlier in accordance with the terms of this Agreement.

Appears in 2 contracts

Samples: Confirmation for Resource Adequacy Capacity Product, Confirmation for Resource Adequacy Capacity Product

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Reduction in Unit NQC. Seller’s obligation to deliver the Contract Quantity for any Showing Month shall be reduced in the event the Unit NQC of a Unit is reduced from the Unit NQC as specified in Appendix A. In such an event, the Unit Contract Quantity for such Unit shall be reduced by the product of (i) the difference in the Unit NQC as specified in Appendix A and the then current Unit NQC and (ii) the applicable Prorated Percentage of Unit Factor for such Unit. The “Delivery Period” shall be __________, unless terminated earlier in accordance with the terms of this Agreement.

Appears in 2 contracts

Samples: Resource Adequacy Capacity Product Confirmation, Confirmation for Resource Adequacy Capacity Product

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Reduction in Unit NQC. Seller’s obligation to deliver the Contract Quantity for any Showing Month shall be reduced in the event the Unit NQC of a Unit is reduced from the Unit NQC as specified in Appendix A. In such an event, the Unit Contract Quantity for such Unit shall be reduced by the product of (i) the difference in the Unit NQC as specified in Appendix A and the then current Unit NQC and (ii) the applicable Prorated Percentage of Unit Factor for such Unit. The “Delivery Period” shall be __________, unless terminated earlier in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Confirmation for Resource Adequacy Capacity Product

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