TOR1 Available Volume Sample Clauses
The 'TOR1 Available Volume' clause defines the specific quantity of product or resource that is available for use, delivery, or allocation under the terms of the agreement. In practice, this clause sets a clear limit on the maximum volume that can be drawn or utilized, often referencing a schedule or a set of operational parameters to determine the exact amount. By establishing these boundaries, the clause ensures that both parties have a mutual understanding of supply limits, thereby preventing disputes over overuse or shortfall and facilitating effective planning and resource management.
TOR1 Available Volume. The Available Volume of the Providing Unit to provide TOR1 in a Trading Period will be determined from the lesser of:
(a) the value of the reserve obtained from the TOR1 Reserve Characteristic for the Time Weighted Average MW Output or MW Reduction, where the TOR1 Reserve Characteristic has been adjusted to reflect the Time Weighted Average Availability of the Providing Unit (expressed in MW) in the manner described in the example set out in Part 2 of Schedule 9. The relevant value on the TOR1 Reserve Characteristic will be determined from the average MW Output or the average MW Reduction (expressed in MW) over the Trading Period; and
(b) the Declared TOR1 of the Providing Unit.
TOR1 Available Volume. The Available Volume of the Providing Unit to provide TOR1 in a Trading Period will be determined from the lesser of: