Actual Availability Percentage definition

Actual Availability Percentage means a percentage calculated as (a) one hundred (100), multiplied by (b) the result of (i) the sum of all Available Hours for all Wind Turbines that were part of the Project at the beginning of the relevant Commercial Operation Year, divided by (ii) the sum of all Period Hours in the relevant Commercial Operation Year for all Wind Turbines that were part of the Project on the Commercial Operation Date.
Sample 1Sample 2
Actual Availability Percentage means, with respect to any given Availability Period, a percentage calculated as (a) 100, multiplied by (b) the result of (i) the sum of all Available Hours for all Wind Turbines that were part of the Facility, divided by (ii) the sum of all Period Hours in such Availability Period for all Wind Turbines that were part of the Facility.
Sample 1
Actual Availability Percentage for a particular Contract Year is calculated as follows: Actual Availability Percentage = 100 x (Operational Hours in the Contract Year) / (Number of Hours in the Contract Year x Number of Generating Units in the Facility)
Sample 1

Examples of Actual Availability Percentage in a sentence

  • Commencing on the first day of the second Commercial Operation Year and for the reminder of the Term, Seller guarantees that the Facility shall have achieved an average annual Actual Availability Percentage during each Availability Period equal to or greater than ninety percent (90%) for the Term (a “Guaranteed Mechanical Availability Percentage”).

  • At the beginning of the second Availability Period and at the beginning of each Availability Period thereafter, no later than the 30th Business Day of such Availability Period, Seller shall deliver to Buyer a calculation showing Seller’s computation of the Actual Availability Percentage of the Facility for the previous Availability Period and the Availability Damages, if any, due to Buyer (the “Annual Report”).

  • Commencing on the first day of the second Commercial Operation Year and for the reminder of the Term, Seller guarantees that the Facility shall have achieved an Actual Availability Percentage during each Availability Period equal to or greater than ninety-five percent (95%) for the Term (a “Guaranteed Mechanical Availability Percentage”).

  • At the beginning of the second Availability Period and at the beginning of each Availability Period thereafter, no later than the 30th Business Day of such Availability Period, Seller shall deliver to Company a calculation showing Seller’s computation of the Actual Availability Percentage of the Facility for the previous Availability Period and the Availability Damages, if any, due to Company (the “Annual Report”).


More Definitions of Actual Availability Percentage

Actual Availability Percentage means, with respect to any given Availability Period, a percentage calculated as (a) 100, multiplied by (b) the result of (i) the sum of all Available Hours for all Solar Panels that were part of the Facility, divided by (ii) the sum of all Period Hours in such Availability Period for all Solar Panels that were part of the Facility.
Sample 1

Related to Actual Availability Percentage

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.