Availability Adjustment definition

Availability Adjustment or “AA” has the meaning set forth in Section 4.1(c).

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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. 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.

Examples of Availability Adjustment in a sentence

Notwithstanding clause (ii) of the prior sentence, to the extent the Units are unavailable as the result of an Instructed Operation or Excused Event, the Units shall be deemed to have been available for purposes of determining Availability and the Availability Adjustment.
The period of Forced Outage shall be reflected in the Availability Adjustment for Monthly Capacity Payment (Appendix 6).
MCCm is the Monthly Contract Capacity for such month; AA is the Availability Adjustment for such month, determined pursuant to Section 4.1. An example of the calculation of the Monthly Fixed Payment is provided in Appendix XVII.
Such Availability Report shall include the total amount of the Guaranteed Availability Adjustment.
Notwithstanding the foregoing, (i) a failure to make payments accrued prior to the Force Majeure Event when due shall not be excused; and (ii) the unavailability of the Capacity of the Units due to Force Majeure will be deemed to be unavailability for purposes of determining Availability and the Availability Adjustment if the cumulative number of Outage hours due to Force Majeure exceeds the number of Excused Hours available to Seller.

More Definitions of Availability Adjustment

Availability Adjustment has the meaning set forth in Exhibit P.

Availability Adjustment has the meaning set forth in Section 7.1.3.

Availability Adjustment or “AA” has the meaning set forth in Exhibit C.

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 or “AA” has the meaning set forth in Exhibit P. “Available Energy” has the meaning set forth in Exhibit P.

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 Panoche Transaction.