Annual Benchmark Energy definition

Annual Benchmark Energy. The net annual energy (in GWh) being the aggregate of the Monthly Benchmark Energy for a year, as stated in Part I of Annex 2 of Schedule 1.
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Annual Benchmark Energy. For a given Agreement Year, the net electrical output in kWh the Complex for the purposes of this Agreement is assumed capable of delivery at the Interconnection Point, as tabulated in Annex 2 to Schedule 1.
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Annual Benchmark Energy. For a given Agreement Year, the net electrical output of the Complex will be designed and constructed to deliver at the Interconnection Point, calculated as follows: ABEy = ABEs + ABEw Where: ABEy = Annual Benchmark Energy in kWh; ABEs = CFs * CCs * 8760 * 1000 ABEw = CFw * CCw * 8760 * 1000 CFw = the capacity utilization factor of [●] wind capacity; CFs = the capacity utilization factor of [●] solar capacity; CCw = wind capacity in MW. CCs = solar capacity in MWp.
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Examples of Annual Benchmark Energy in a sentence

  • The Seller shall use its reasonable efforts to maintain and repair the Complex and the components thereof and equipment therein so that the capability of the Complex to generate Net Delivered Energy during the Term does not fall below the Annual Benchmark Energy.

  • The Seller shall use its reasonable efforts to maintain and repair the Complex and the components thereof and equipment therein so that the reduction or degradation of the capability of the Complex to generate Net Delivered Energy during the Term does not fall below the Annual Benchmark Energy.

  • The Seller shall use its reasonable efforts to maintain and repair the Complex and the components thereof and equipment therein so that the reduction in or degradation of the capability of the Complex to generate Net Delivered Energy during the Term does not fall below the Degraded Annual Benchmark Energy.

  • If the Actual Annual Energy in an Agreement Year falls below ninety percent (90%) of the Annual Benchmark Energy for such Agreement Year, then, without prejudice to Section 9.3(c), the Purchaser shall be entitled to nominate and appoint at the Seller’s cost an engineering consulting firm of repute in solar PV operations and maintenance from amongst a panel of three (3) such firms agreed by the Seller and the Purchaser (and in case of disagreement, by the Expert) (“Inspection Engineer”).

  • If the Actual Annual Energy in an Agreement Year falls below eighty five percent (85%) of the Degraded Annual Benchmark Energy for such Agreement Year, then, without prejudice to Section 9.3(c), the Purchaser shall be entitled to nominate and appoint at the Seller’s cost an engineering consulting firm of repute in solar PV operations and maintenance from amongst a panel of three (3) such firms agreed by the Seller and the Purchaser (and in case of disagreement, by the Expert) (“Inspection Engineer”).

  • Legal technicalities have complicated and stalled prose- cution of military officers involved in the death of Imam Yapha.131 Police consider the case as “malfeasance by state officials”, which is in violation of the Criminal Code’s Section 157 and thus, the case was required to be transferred to the National Anti-Corruption Commission (NACC).132 After two years, the NACC has yet to decide whether to recommend the case for prosecution.


More Definitions of Annual Benchmark Energy

Annual Benchmark Energy. [CPPA to insert] kWh, being the net electrical output the Complex will be designed and constructed to deliver at the Interconnection Point, calculated as follows: ABE = CF * CC * 8760 * 1000 Where: ABE = Annual Benchmark Energy in kWh; CF = the capacity utilization factor of [17] / [18] % assumed in the Tariff Determination;
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Related to Annual Benchmark Energy

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

  • Benchmark Transition Start Date means, in the case of a Benchmark Transition Event, the earlier of (a) the applicable Benchmark Replacement Date and (b) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication).

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • System for Award Management (XXX) means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at xxxx://xxx.xxx.gov.

  • Benchmarks mean the performance milestones that are set forth in Appendix D.

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • Successor Benchmark Rate means a successor to or replacement of the Original Benchmark Rate which is formally recommended by any Relevant Nominating Body.

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • Pharmacy benefits management means the administration or management of prescription drug

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Contract Award Date means the date of the Contract award notice, which may take the form of a purchase order, signed Contract or Notice of Award, issued by the Authority.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Award Date means the date upon which the Committee took the action granting an Award or such later date as the Committee designates as the Award Date at the time of the Award.

  • District Level Anti-Ragging Committee means the Committee, headed by the District Magistrate, constituted by the State Government, for the control and elimination of ragging in institutions within the jurisdiction of the district.

  • Beginning Stock Price means the average of the closing prices of the Common Stock or the shares of the Peer Group, as applicable, for the 20 trading days ending on the trading date immediately preceding the first day of the Performance Period.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;