Adjusted Energy Production definition

Adjusted Energy Production has the meaning set forth in Exhibit G.

Adjusted Energy Production means the sum of the following: Facility Energy + Deemed Delivered Energy + Lost Output + Replacement Energy.

Adjusted Energy Production means the sum of the following: Facility Energy + Deemed Delivered Energy + Lost Output.

Examples of Adjusted Energy Production in a sentence

• The occurrence of any of the following shall constitute an Event of Default: if, beginning in the second Contract Year, the Adjusted Energy Production amount is not at least fifty percent (50%) of the Expected Energy amount in any Contract Year; and if, in any two (2) consecutive Contract Years during the Delivery Term, the Adjusted Energy Production amount is not at least sixty-five percent (65%) of the Expected Energy amount in each Contract Year.

• During the Guarantee Term, Seller guarantees that the Adjusted Energy Production Amount for each Guarantee Period shall be no less than the Minimum Production Threshold for such Guarantee Period set forth in Table 1 of this Exhibit B.

• If the Adjusted Energy Production Amount is less than the Minimum Production Threshold (any such shortfall, measured in kWh, a “Shortfall”), then Seller may cure such Shortfall by paying or crediting Customer liquidated damages in the amount of the Shortfall Payment.

• If Seller fails to achieve the Guaranteed Energy Production amount in any Performance Measurement Period, Seller shall pay Buyer liquidated damages equal to (a) the difference of the Guaranteed Energy Production less the Adjusted Energy Production, multiplied by (b) the replacement price for the energy and RECs less the Contract Price.

• If the Adjusted Energy Production Amount is less than the Minimum Production Threshold (any such shortfall, measured in kWh, a “Shortfall”), then Provider may cure such Shortfall by paying or crediting District liquidated damages in the amount of the Shortfall Payment.

More Definitions of Adjusted Energy Production

Adjusted Energy Production means the sum of the following: Metered Energy + Deemed Delivered Energy + Lost Output + Replacement Product – Excess MWh.

Adjusted Energy Production means the sum of the following: Delivered Energy + Deemed Delivered Energy + Lost Output.

Adjusted Energy Production means Expected Energy less the amount of Energy that would have been delivered by the Facility but was not due to (i) a Force Majeure Event, (ii) a Curtailment Order, or (iii) an Event of Default with respect to Buyer.

Adjusted Energy Production means the sum of the following: Delivered Energy + Deemed Delivered Energy + Lost Output. This certification (“Certification”) of Commercial Operation is delivered by [LICENSED PROFESSIONAL ENGINEER] (“Engineer”) to California Community Power, a California joint powers authority (“Buyer”) in accordance with the terms of that certain Renewable Power Purchase Agreement dated [DATE] (“Agreement”) by and between [SELLER] and Buyer. All capitalized terms used in this Certification but not otherwise defined herein shall have the respective meanings assigned to such terms in the Agreement. As of [DATE], Engineer hereby certifies and represents to Buyer the following:

Adjusted Energy Production means the sum of the following: Generating Facility Energy + Deemed Delivered Energy + Lost Output. No payment shall be due if the calculation of (A - B) or (C - D) yields a negative number. Within sixty (60) days after a Contract Year which ends each Performance Measurement Period, Buyer will send Seller Notice of the amount of damages owing, if any, which shall be payable to Buyer within thirty (30) days of such Notice. This certification (“Certification”) of Commercial Operation is delivered by [Licensed Professional Engineer] (“Engineer”) to [East Bay Community Energy Authority, a California joint powers authority][City of San Xxxx, a California municipality] (“Buyer”) in accordance with the terms of that certain Renewable Power Purchase Agreement dated [date] (“Agreement”) by and between [Name of Seller], and Buyer. All capitalized terms used in this Certification but not otherwise defined herein shall have the respective meanings assigned to such terms in the Agreement. As of [DATE], Engineer hereby certifies and represents to Buyer the following:

Adjusted Energy Production means the sum of the following: PV Energy + Deemed Delivered Energy + Lost Output – Excess MWh.

Adjusted Energy Production equals the Delivered Energy for the applicable Performance Measurement Period, plus (a) any Deemed Delivered Energy and (b) Energy in the amount it could reasonably have delivered to Buyer but was prevented from delivering to Buyer by reason of Force Majeure Events and Curtailment Periods. If Seller fails to achieve the Guaranteed Energy Production amount in any Performance Measurement Period, Seller shall pay Buyer liquidated damages equal to (i) the difference between the Guaranteed Energy Production and the Adjusted Energy Production, multiplied by (ii) difference between (A) the replacement price for Portfolio Content Category 1 renewable energy and RECs of the same vintage, delivery profile, and resource and (B) the Contract Price. No payment shall be due if the calculation yields a negative number.