Actual Annual Production definition

Actual Annual Production. The amount, in MWh, of the total electric energy produced by the Bid Facility during any Contract Year, measured at the Injection Point.
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Actual Annual Production means the product of (a) the Insolation Adjustment Factor, and (b) the amount of Energy generated by the System and delivered to the Delivery Point as recorded by the Utility Meter during each Contract Year during the Term pursuant to Section 4.3.
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Actual Annual Production. The amount, in kWh, of the total electric energy actually produced by the CDG Project during any Contract Year, measured at the CDG host meter.
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Examples of Actual Annual Production in a sentence

  • Production Volume Incentive (PVI) shall be granted based on volume production and logistics efficiency computed as follows: PVI = SPS x Actual Annual Production Volume x LEI a.

  • To the extent that Actual Annual Production for the Contract Year is less than the Guaranteed Production for that same Contract Year (except to the extent caused by Force Majeure Events or Host Default), then Provider shall credit Host with a dollar amount equal to the product of (i) the Performance Guarantee Rate for the same Contract Year, and (ii) the difference in kWh between the Guaranteed Production and the Actual Annual Production for the same Contract Year.

  • Within sixty (60) days following each twelve (12) month period after the Commercial Operation Date (each a “Contract Year”), the Parties shall compare Actual Annual Production for such immediately preceding Contract Year with the Guaranteed Production for that same Contract Year.

  • Beginning with the second Contract Year, Contractor shall submit invoices to NYSERDA annually at such time that Contractor can demonstrate to NYSERDA through submittal of the utility CDG Host Summary and Satellite Allocation Breakdown, or equivalent utility documentation, the Actual Annual Production and the Annual CDG Credit allocation to Subscribers for the preceding Contract Year.

  • Actual Annual Production: The amount, in MWh, of the total electric energy produced by the Bid Facility during any Contract Year, measured at the Injection Point.

  • Otherwise it will not be the acknowledgement of the existence of debt.

  • Actual Annual Production: The amount, in Megawatt hours (MWh), of the total electric energy produced by the Bid Facility during any Contract Year, measured at the Injection Point.

  • The agency and ESCO may consider normalizing the Actual Annual Production from the PV ESC ECM based on solar insolation.

  • Should Seller fail to Transfer Tier-1 RECs to the NYSERDA NYGATS Account in a number equal to at least 80% of the Bid Quantity,,, less any Excused Production, for three (3) consecutive Contract Years, the Bid Quantity shall be adjusted for the remainder of the Contract Delivery Term to an amount equal to the highest Actual Annual Production during any Contract Year over that three- year period multiplied by the Bid Quantity Percentage.

Related to Actual Annual Production

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Net Sales means [***].

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Net Revenues means revenues less related expenses, including

  • Reference biological product means the single biological product licensed pursuant to 42 U.S.C.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Final Product means a reasonably homogenous cannabis product in its final packaged form created using the same standard operating procedures and the same formulation.

  • Approved Product means any water fitting, plumbing product, material or component which is the subject of an existing WRAS Approval;

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Manufacturing Costs means, with respect to a given AquaBounty Product, the full-time equivalent costs (under a reasonable accounting mechanism to be agreed upon by the Parties) and out-of-pocket costs that AquaBounty or any of its Affiliates incurred in manufacturing such products, including costs and expenses incurred in connection with (a) the development or validation of any manufacturing process, formulations or delivery systems, or improvements to the foregoing; (b) manufacturing scale-up; (c) in-process testing, stability testing and release testing; (d) quality assurance/quality control development; (e) internal and Third Party costs and expenses incurred in connection with qualification and validation of Third Party contract manufacturers, including scale up, process and equipment validation, and initial manufacturing licenses, approvals and inspections; (f) packaging development and final packaging and labeling; (g) shipping configurations and shipping studies; and (h) overseeing the conduct of any of the foregoing. “Manufacturing Costs” shall further include: (i) to the extent that any such AquaBounty Product is manufactured by a Third Party manufacturer, the out-of-pocket costs incurred by AquaBounty or any of its Affiliates to the Third Party for the manufacture and supply (including packaging and labeling) thereof, and any reasonable out-of-pocket costs and direct labor costs incurred by AquaBounty or any of its Affiliates in managing or overseeing the Third Party relationship determined in accordance with the books and records of such Party or its Affiliates maintained in accordance with US GAAP; and (ii) to the extent that any such AquaBounty Product is manufactured by AquaBounty or any of its Affiliates, direct material and direct labor costs attributable to such product, as well as reasonably allocable overhead expenses, determined in accordance with the books and records of AquaBounty or its Affiliates maintained in accordance with US GAAP.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Commencement of Commercial Production means: (i) if a mill is located on the Property, the last day of a period of 40 consecutive days in which, for not less than 30 days, the mill processed ore from the Property at 60% of its rated concentrating capacity; or (ii) if a mill is not located on the Property, the last day of a period of 30 consecutive days during which ore has been shipped from the Property on a reasonably regular basis for the purpose of earning revenues, but any period of time during which ore or concentrate is shipped from the Property for testing purposes, or during which milling operations are undertaken as initial tune-up, shall not be taken into account in determining the date of Commencement of Commercial Production;

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Supply Period means the period commencing on the Supply Period Start Date and terminating on the Termination Date.