Shortfall in minimum generation Sample Clauses

Shortfall in minimum generation. 7.2.1 During the Term, if for any Contract Year, it is found that: (i) the SPV has not been able to generate minimum energy corresponding to the value of annual CUF within the permissible lower limit of CUF as declared by the SPV, or (ii) if the CUF for any of the Units at any point during any Contract Year, is less than 15% (fifteen percent), or such lower limit as may be prescribed by MSEDCL in this regard, such shortfall in performance shall make the SPV liable to pay the compensation at 1.5 (one point five) times of the Tariff for such shortfall. Notwithstanding the above, the lower limit may, however, be relaxed by MSEDCL to the extent of grid non-availability for evacuation which is beyond the control of the SPV.
Sample 1Sample 2Sample 3See All (17)
AutoNDA by SimpleDocs
Shortfall in minimum generation. During PPA, if for any Contract year, it is found that the Solar Power Generator has not been able to generate minimum energy corresponding to the lower limit of CUF as declared by the Solar Power Generator; such shortfall in performance shall make Solar Power Generator liable to pay the compensation provided in the PPA as payable to MSEDCL. This will, however be relaxable by MSEDCL to the extent of grid non- availability for evacuation, which is beyond the control of the Solar Power Generator. The amount of such compensation will be 25% (twenty-five per cent) of the cost of this shortfall in energy terms, calculated at PPA tariff. This compensation shall be applied to the amount of shortfall in generation during the year. However, this compensation shall not be applicable in events of Force Majeure identified under PPA with successful bidder affecting supply of solar power by seller/Solar Power Generator.
Sample 1Sample 2Sample 3
Shortfall in minimum generation. During PPA, if for any year, it is found that the developer has not been able to generate minimum energy corresponding to the lower limit of CUF declared by the developer i.e. 1.278 MU/MW/year at the CUF of 16.21 % - (10%) on account of any reasons not attributable to APDCL or Force Xxxxxx events , such shortfall in performance shall make developer liable to pay the compensation provided in the PPA as payable to APDCL This will, however be relaxable by APDCL to the extent of grid non-availability for evacuation, which is beyond the control of the developer. The amount of such penalty will be 25% (twenty-five per cent) of the cost of this shortfall in energy terms, calculated at PPA tariff. This compensation shall be applied to the amount of shortfall in generation during the year. However, this compensation shall not be applicable in events of Force Majeure identified under PPA with trading company affecting supply of wind power by seller/power producer.
Sample 1Sample 2
Shortfall in minimum generation. During PPA period, if for any contract year, it is found that the Floating Solar Power Developer has not been able to generate minimum energy corresponding to the value of CUF within the permissible lower limit of CUF declared by the Floating Solar Power Developer, such shortfall in performance shall make Floating Solar Power Developer liable to pay the compensation @ 25% of the PPA tariff to MSEDCL. This will, however be relaxable by MSEDCL to the extent of grid non-availability for evacuation (beyond the Delivery Point), which is beyond the control of the Floating Solar Power Developer. This compensation shall be applied to the amount of shortfall in generation during the Contract Year. However, this compensation shall not be applicable in events of Force Majeure identified under this PPA affecting the supply of Floating Solar Power by Floating Solar Power Developer.
Sample 1
Shortfall in minimum generation. During PPA, if for any year, it is found that the developer has not been able to generate minimum energy corresponding to the lower limit of CUF declared by the developer, such shortfall in performance shall make developer liable to pay the compensation provided in the PPA as payable to P&ED. This will, however be relaxable by P&ED to the extent of grid non- availability for evacuation, which is beyond the control of the developer. The amount of such penalty will be 25% (twenty-five per cent) of the cost of this shortfall in energy terms, calculated at PPA tariff. This compensation shall be applied to the amount of shortfall in generation during the year.
Sample 1

Related to Shortfall in minimum generation

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.

  • Shortfall of Shifts There shall be no pay back for shortfall of annual working hours in the shift systems.

  • Minimum Customer Support Requirements for TIPS Sales Vendor shall provide timely and commercially reasonable support for TIPS Sales or as agreed to in the applicable Supplemental Agreement.

  • Unbundled Sub-Loop Distribution Intrabuilding Network Cable (USLD-INC) is the distribution facility owned or controlled by BellSouth inside a building or between buildings on the same property that is not separated by a public street or road. USLD-INC includes the facility from the cross connect device in the building equipment room up to and including the point of demarcation at the End User’s premises.

Time is Money Join Law Insider Premium to draft better contracts faster.