Common use of Round Trip Efficiency Clause in Contracts

Round Trip Efficiency. During the Delivery Term, Seller shall maintain the Storage Facility with a Round-Trip Efficiency not less than the applicable guaranteed Round-Trip Efficiency amount set forth on Appendix D (the “Guaranteed Round-Trip Efficiency”). If the Round-Trip Efficiency of the Storage Facility in any month, as determined by the most recent Storage Contract Capacity Test, is less than the Guaranteed Round-Trip Efficiency, then the Contract Price shall be reduced by the product of (i) the total Charging Energy for such month, multiplied by (ii) the difference between the Guaranteed Round-Trip Efficiency and the Actual Round-Trip Efficiency, multiplied by (iii) [average day-ahead Intercontinental Exchange Mid-C Physical Peak (bilateral) or Mid-C Physical On-Peak (bilateral) indices](the “Guaranteed Round-Trip Efficiency Adjustment”).

Round Trip Efficiency. During the Delivery Term, Seller shall maintain the Storage Facility with a Round-Trip Efficiency not less than the applicable guaranteed Round-Trip Efficiency amount set forth on Appendix D (the “Guaranteed Round-Trip Efficiency”). If the Round-Trip Efficiency of the Storage Facility in any month, as determined by the most recent Storage Contract Capacity Test, is less than the Guaranteed Round-Trip Efficiency, then the Contract Price shall be reduced by the product ofof‌ (i) the total Charging Energy for such month, multiplied by (ii) the difference between the Guaranteed Round-Trip Efficiency and the Actual Round-Trip Efficiency, multiplied by (iii) [average day-ahead Intercontinental Exchange Mid-C Physical Peak (bilateral) or Mid-C Physical On-Peak (bilateral) indices](the “Guaranteed Round-Trip Efficiency Adjustment”).

Round Trip Efficiency. During the Delivery Term, Seller shall maintain the Storage Facility with a Round-Trip Efficiency not less than the applicable guaranteed Round-Trip Efficiency amount set forth on Appendix D (the “Guaranteed Round-Trip Efficiency”). If the Round-Trip Efficiency of the Storage Facility in any month, as determined by the most recent Storage Contract Capacity Test, is less than the Guaranteed Round-Trip Efficiency, then the Contract Price shall be reduced by the product of of (i) the total Charging Energy for such month, multiplied by (ii) the difference between the Guaranteed Round-Trip Efficiency and the Actual Round-Trip Efficiency, multiplied by (iii) [average day-ahead Intercontinental Exchange Mid-C Physical Peak (bilateral) or Mid-C Physical On-Peak (bilateral) indices](the “Guaranteed Round-Trip Efficiency Adjustment”).