Availability Adjustment or “AA” has the meaning set forth in Section 4.1(c).
Availability Adjustment. If the Monthly Storage Availability (as defined in the PPA) during any month is less than the Guaranteed Storage Availability, Buyer’s payment for the Storage Product shall be calculated by the Availability Adjustment (“Availability Adjustment” or “AA”), which is calculated as follows: If the monthly storage availability is greater than or equal to the Guaranteed Storage Availability, then: AA = 100% If the monthly storage availability is less than the Guaranteed Storage Availability, but greater than or equal to 70%, then: AA = 100% - [(98% - monthly storage availability) × 2] If the monthly storage availability is less than 70%, then: AA = 0 Deliverability: The Facility will have Full Capacity Deliverability Status by the Commercial Operation Date.
Availability Adjustment or “AA”), which is calculated as follows: If the monthly storage availability is greater than or equal to the Guaranteed Storage Availability, then: AA = 100% If the monthly storage availability is less than the Guaranteed Storage Availability, but greater than or equal to 70%, then: AA = 100% - [(98% - monthly storage availability) × 2] If the monthly storage availability is less than 70%, then: AA = 0 Deliverability: The Facility will have Full Capacity Deliverability Status by the Commercial Operation Date.
Examples of Availability Adjustment in a sentence
If the Monthly Storage Availability during any month is less than the Guaranteed Storage Availability, the Buyer’s payment for the Storage Product shall be calculated by reference to the Availability Adjustment (as determined in accordance with Exhibit L).
More Definitions of Availability Adjustment
Availability Adjustment has the meaning set forth in Section 7.1.3.
Availability Adjustment or “AA”), which is calculated as follows: If the monthly storage availability is greater than or equal to the Guaranteed Storage Availability, then: AA = 100% If the monthly storage availability is less than the Guaranteed Storage Availability, but greater than or equal to 70%, then: AA = 100% - [(98% - monthly storage availability) × 2] If the monthly storage availability is less than 70%, then: AA = 0 Expected Construction Start Date: Seller reasonably expects to achieve Construction Start by the following date [_______] (the “Expected Construction Start Date”).
Availability Adjustment means such amounts as Buyer should pay or be credited for pursuant to Part 11.5.
Availability Adjustment or “AA” has the meaning set forth in Section D.3 of the Gates Transaction.
Availability Adjustment or “AA” has the meaning set forth in Section D.3 of the Panoche Transaction.
Availability Adjustment or “AA” is calculated as follows:
Availability Adjustment or “AA” has the meaning set forth in Exhibit C.