Common use of Storage Availability Clause in Contracts

Storage Availability. (a) During each Contract Year of the Delivery Term, Seller shall maintain an Annual Storage Availability of not less than ninety-five percent (95%) (“Guaranteed Storage Availability”). In the event that, at the end of any such Contract Year, the Annual Storage Availability is less than the Guaranteed Storage Availability, Seller shall pay to Buyer the Storage Availability Liquidated Damages, as calculated pursuant to Schedule 6.3. (b) Except as otherwise expressly provided for in Section 15.1(l) and Section

Appears in 10 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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