Unforced Curtailment Sample Clauses

Unforced Curtailment. 5.6.2.1. Buyer shall have the right to curtail Energy production from the Facility at any time and for any reason not considered a Forced Curtailment (an “Unforced Curtailment”) by issuing to Seller a Notice of Unforced Curtailment, which shall be issued with reasonable time for Seller to respond. In instances of Unforced Curtailment, Buyer shall pay Seller the Contract Price for the Product that Seller would have been able to deliver but for the fact that Buyer issued a Notice of Unforced Curtailment.
AutoNDA by SimpleDocs
Unforced Curtailment. Buyer shall have the right to curtail Energy production from the Facility at any time and for any reason not considered a Forced Curtailment (an “Unforced Curtailment”) by issuing to Seller a Notice of Unforced Curtailment, which shall be issued with reasonable time for Seller to respond. In instances of Unforced Curtailment, Buyer shall pay Seller the Contract Price for the Product that Seller would have been able to deliver but for the Unforced Curtailment Order. Buyer shall estimate the amount of Product the Facility would have been able to deliver but for the Unforced Curtailment Order. Buyer’s estimate shall be based on accepted industry standards for determining the price of Product, past performance of the Facility, meteorological data, solar irradiance data, and any other information relevant to establishing a Paid Curtailment Product purchase price. Seller shall cooperate with Buyer’s requests for information reasonably necessary to calculate an estimate. The total amount of unforced curtailed Product shall not exceed 5% of the overall annual production amount.

Related to Unforced Curtailment

  • Curtailment Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Scheduled Payment, a prepaid Scheduled Payment or a Payoff, which is applied to reduce the outstanding Stated Principal Balance of the Mortgage Loan.

  • CURTAILMENT OF SERVICE 1. In the event of a Gas Supply Deficiency on the Seller's system, the Seller shall require curtailment of service to Buyer in accordance with the following procedure:

  • Forced Outages During any forced outage, the NYISO or Connecting Transmission Owner may suspend interconnection service to the Interconnection Customer to effect immediate repairs on the New York State Transmission System or the Distribution System. The NYISO shall use Reasonable Efforts to provide the Interconnection Customer with prior notice. If prior notice is not given, the NYISO shall, upon request, provide the Interconnection Customer written documentation after the fact explaining the circumstances of the disconnection.

  • Differential Pay Section 1(A). Geographic Area Pay. Classifications C4115, C4116, C4207, C4209, C4211, C4213, C4215, C4221, C4223, C4225: Prevailing basic rates in specific geographical areas for employment of limited duration less than one hundred twenty (120) days will be approved. Employees paid at such rates will not be eligible for vacation, sick leave or holiday benefits. Such rates will be paid only for construction work.

  • WORKFORCE REDUCTION In the event that funding reductions or shortfalls in funding occur in a department or are expected, which may result in layoffs, the department will notify the union and take the following actions:

  • RECONNECTION AFTER DISCONNECTION (a) We must request your distributor to reconnect your premises if, within 10 business days of your premises being disconnected:

  • Shift Differential Pay A. An employee shall receive additional compensation at the rate of seventy five cents (75¢) per hour for all hours worked on a shift when the majority of hours worked on the shift are between 5:30 p.m. and 7:30 a.m. and in locations where these classes are regularly assigned shift work.

  • Unscheduled Maintenance Unscheduled maintenance may be required to resolve issues that are critical for Customer and/or performance of the Cloud Services. Druva will use its commercially reasonable efforts to notify Customer at least six (6) hours prior to the unscheduled maintenance.

  • Avoiding Foreclosure; Mitigating Losses If Borrower is in Default, Lender may work with Borrower to avoid foreclosure and/or mitigate Lender’s potential losses, but is not obligated to do so unless required by Applicable Law. Lender may take reasonable actions to evaluate Borrower for available alternatives to foreclosure, including, but not limited to, obtaining credit reports, title reports, title insurance, property valuations, subordination agreements, and third-party approvals. Xxxxxxxx authorizes and consents to these actions. Any costs associated with such loss mitigation activities may be paid by Xxxxxx and recovered from Borrower as described below in Section 9(c), unless prohibited by Applicable Law.

  • Payment in the Event Losses Fail to Reach Expected Level On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the Final Shared Loss Month, or upon the final disposition of all Shared Loss Assets under this Single Family Shared-Loss Agreement at any time after the termination of the Commercial Shared-Loss Agreement, the Assuming Institution shall pay to the Receiver fifty percent (50%) of the excess, if any, of (i) twenty percent (20%) of the Intrinsic Loss Estimate less (ii) the sum of (A) twenty-five percent (25%) of the asset premium (discount) plus (B) twenty-five percent (25%) of the Cumulative Shared-Loss Payments plus (C) the Cumulative Servicing Amount. The Assuming Institution shall deliver to the Receiver not later than 30 days following the True-Up Measurement Date, a schedule, signed by an officer of the Assuming Institution, setting forth in reasonable detail the calculation of the Cumulative Shared-Loss Payments and the Cumulative Servicing Amount.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!