Examples of Actual Nameplate Capacity in a sentence
Such Community Solar Quarterly Report shall be submitted concurrent with its invoice, indicating the percent of Actual Nameplate Capacity that has been subscribed and the Community Solar Subscription Mix.
For purposes of re-calculating the delivery schedule, the Delivery Year in which the date of Energization occurred shall be the first Delivery Year for which a Delivery Year Expected REC Quantity is calculated and the Delivery Year Expected REC Quantity for such first Delivery Year shall be calculated using the updated Contract Nameplate Capacity based on the updated percent of the Actual Nameplate Capacity that is being Subscribed as established pursuant to Section 2.6(b) and Section 2.6(c).
For all Designated Systems where the difference between the Actual Nameplate Capacity and the Proposed Nameplate Capacity is not within the greater of: +/-5kW or +/- 25% of the Proposed Nameplate Capacity, as communicated by the IPA in writing to Buyer and Seller, then such Designated System shall be removed from this Agreement, and Seller shall have the option for such Designated System to be submitted under a new ABP application.
In the event that Seller has posted Seller’s Performance Assurance in the form of a Letter of Credit, Seller may request for Buyer to withhold a portion of the last two REC payments of a Designated System (or withhold a portion of the only REC payment if the Designated System has an Actual Nameplate Capacity equal to or less than 25 kW) as Seller’s Performance Assurance in exchange for a Letter of Credit amount reduction.
Designated Systems with total subscription levels (including only subscription shares of the Anchor Tenant and End Use Customers) above 90% of Actual Nameplate Capacity on a kW capacity basis for a Delivery Year will not be subject to a draw on Seller’s Performance Assurance for that Delivery Year on the basis of subscription percentage.
The draw on Seller’s Performance Assurance will be calculated as the difference between (a) the contracted payment for that Delivery Year and (b) the amount that would have been paid given the realized Community Solar Subscription Mix and the percent of Actual Nameplate Capacity that has been subscribed, if (a) exceeds (b).
Designated Systems with subscription levels above 90% of Actual Nameplate Capacity on a kW capacity basis for a Delivery Year will not be subject to a draw on Seller’s Performance Assurance for that Delivery Year on the basis of subscription percentage.
The Buyer, solely as a result of its purchase of the Business from MD Industries pursuant hereto and the assumption of the Assumed Liabilities, will not become restricted in carrying on any business anywhere in the world due to any restrictions described in Schedule 3.1.13.
Failure to maintain the Community Solar Subscription Mix and the percent of Actual Nameplate Capacity that has been subscribed as provided in the last Community Solar Quarterly Report submitted pursuant to Section 10(b) of the Cover Sheet in a Delivery Year shall result in payment to Buyer from Seller of a monetary amount, determined by the IPA or its designee, and Buyer may draw on Seller’s Performance Assurance for this purpose.
REC from such Designated System to Buyer’s PJM-EIS GATS account or M-RETS account, as applicable, is expected to occur within ninety (90) days of when such Designated System was Energized if the Actual Nameplate Capacity of such Designated System is greater than 5kW or within one hundred eighty (180) days of when the Designated System was Energized if the Actual Nameplate Capacity of such Designated System is equal to or less than 5kW.