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

Appears in 3 contracts

Samples: Storage Capacity Agreement, Storage Capacity Agreement, Storage Capacity Agreement

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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

Appears in 2 contracts

Samples: Storage Capacity Agreement, Storage Capacity Agreement

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