Annual Availability definition

Annual Availability total time in Proper Status over the given calendar year. Monthly Availability: total time in Proper Status over the given calendar month.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Annual Availability means, the availability of the HVAC Plant & ACs only for smooth operation during the Year and to be calculated as specified in the CC.’’

Annual Availability. For a particular Contract Year, “Annual Availability” shall be the average availability of the Contracted ▇▇▇▇ capacity during that particular Contract Year, calculated as per the RfS ;

Examples of Annual Availability in a sentence

• The Feed-in Approval Holder shall provide the Distribution Licensee with details of the Declared Annual Availability upon the execution of this Agreement.

• SCE’s sole and exclusive remedy for Seller’s breach of Seller’s Annual Energy Obligation, Seller’s Annual Availability Obligation and/or Seller’s Long Term Availability Obligation shall be the receipt of Seller’s Annual Shortfall Payment and/or Seller’s Long Term Availability Shortfall Payment.

• Within thirty (30) days after the end of each of the first ten (10) Term Years, Seller shall provide SCE Notice of the Generating Facility Annual Availability for the prior Term Year.

• If there is an Annual Availability Cost Shortfall Payment (as defined below) owing as a result of this reconciliation, such Settlement Amount will be owing by the ASP to the IESO.

• The Annual Availability Cost shall be split into twelve equal payments and paid to the ASP on a monthly basis as described in Section 1.1 of this Schedule 6 (the “Fixed Monthly Payment”).

• Annual Availability Warranty: 99.9% availability percentage • If Customer has been using the Service for less than 365 days, the preceding 365 days will be used, but any days prior to Customer’s use of the Service will be deemed to have had 100% availability.

• If a Developer/s achieves an Annual Availability of 83% during a Contract Year and the AFC quoted by the Developer/s is INR 10 Lakhs/MW/annum for a Contracted Capacity of 1000 MW, then Penalty for achieving Annual Availability below Target Annual Availability, computed as per above formula is INR 18.0 Crores for the Year.

• The Annual Availability will be invoiced and payable for any individual device supplied under this agreement 12 calendar months following the Commencement Date, and annually thereafter, for the making available of these Services by Ctrack to the Customer but will be waived for any individual device that has been used in the previous 12 months period.

• Within ten (10) days of the end of each Contract Year, PECO shall provide an Annual Availability Adjustment Statement to Tenaska, determined pursuant to Sections 8.08 and 8.09.

• Buyer will not owe for Energy not delivered due to a reliability curtailment order; however, the Energy shall be considered Excused Energy for the purposes of the Annual Availability Calculation.

More Definitions of Annual Availability

Annual Availability means, in respect of any calendar year, a fraction the numerator of which shall be the number of hours which the Facility is Available during such calendar year, and the denominator of which is the total number of hours in such calendar year; provided that in the first calendar year of the Term, the denominator shall be the number of hours between Phase 1A COD and 2400 hours on December 31, and provided further that the Conversion Period shall be excluded from any calculation of Annual Availability.

Annual Availability means, the availability of the Self Power Generation Plant including Gas Generators only for smooth operation during the Year and to be calculated as specified in the CC.

Annual Availability. For a particular Contract Year, “Annual Availability” shall be the average availability of the Contracted ▇▇▇▇ capacity during that particular Contract Year, calculated as per the Article-4.4.2 and Schedule-A; “Battery Energy Storage Project” or “Project” or “▇▇▇▇ PROJECT”, “Battery Energy Storage systems” or “▇▇▇▇” shall mean the system(s)/projects of ……….. [Insert capacity] MW/ MWh, located at [Insert name of the place] in …. [Insert name of the District and State] having a separate control system, metering and single point of injection into the grid at Delivery/Interconnection/Metering point at MSEDCL substation and utilizing methods and technologies such as electrochemical batteries (Lead Acid, Li-ion, solid state batteries, flow batteries etc.), providing a facility that can store energy and deliver the stored energy in the form of electricity. It also includes all units and auxiliaries, Battery Energy Management System including associated applications / software; bay/s for transmission system in the switchyard, dedicated transmission line up to the Delivery Point, if any, and all the other assets, buildings/structures, equipment, plant and machinery, facilities and related assets required for the efficient and economic operation of the Energy Storage; whether completed or at any stage of development and construction or intended to be developed and constructed for the purpose of supply of above mentioned Battery Energy Storage Capacity as per this Agreement;

Annual Availability shall have the meaning set forth in Section 8.05 hereof.