RES - RESPONSIBILITY RATIO Sample Clauses
The RES - RESPONSIBILITY RATIO clause defines how responsibility for certain obligations, liabilities, or costs is divided between the parties, typically expressed as a percentage or proportion. In practice, this clause might specify that each party is responsible for a set share of damages, maintenance costs, or other joint obligations, such as one party bearing 60% and the other 40%. Its core function is to allocate risk and financial responsibility clearly, preventing disputes by establishing in advance how burdens are shared if issues arise.
RES - RESPONSIBILITY RATIO. Based on the ratio of the company's load at time of system peak load. The peak load is the average of the twelve monthly highest clock-hour demands in kilowatts of the interconnected system occurring each month coincident with the system peak load. Used primarily for the allocation of costs incurred in fossil plant support and integrated planning.
RES - RESPONSIBILITY RATIO. Based on the ratio of the Client Company's load to the system peak load at time of system peak load, provided that the Client Company is a party to the Entergy System Agreement. Calculation is performed using a twelve month rolling average of those coincident peak loads. Used primarily for the allocation of costs incurred for system dispatch, fuel procurement and settlements, plant support, and planning services for those Client Companies that procure such services under this Service Agreement.