Availability Bonus definition

Availability Bonus is defined in Schedule 2, Part 2 (Availability Bonus).
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Availability Bonus means,________________________________.
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Availability Bonus is described in Section 1.10 of Schedule I to the Restated Power Sales Agreement.
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Examples of Availability Bonus in a sentence

  • The Availability Bonus will be calculated as shown in the formula below (in this Section 3.1(f)5).

  • If the Facility’s Actual Availability is greater than its Target Availability for a relevant period, as set forth in Section 3.4(c), the next Monthly Payment Amount will be adjusted by the Availability Bonus described in Section 3.4(c).

  • If the Supplier’s Actual Availability on average over the previous Contract Year is more than 5 % above the Target Availability for that Contract Year and warranted by the Supplier in the annual Target Availability schedule listed in Exhibit C, the Buyer will pay the Supplier an Availability Bonus, according to 3.1(f)(5) below.

  • No later than ten (10) Business Days following notification from the Project Company that an Availability Bonus is payable, the Project Company shall pay the same to the O&M Contractor, subject to the right of the Project Company to set off under Clause 17.12 (Setoff).

  • Dukes, 131 S.Ct. 2541 (U.S. June 20, 2011), which did not qualify under Rule 23(b)(2) because it predominantly sought individualized monetary relief, id.

  • The total aggregate liability of the Project Company to pay the Availability Bonus in respect of any Availability Test Period shall not exceed the amount of the Availability Bonus Cap.

  • If identified as applicable in the Key Information Table, for any Availability Test Period in which the average Measured Availability is more than the Minimum Guaranteed Availability, the Project Company shall pay to the O&M Contractor the Availability Bonus.

  • At the end of each Availability Test Period, the O&M Contractor shall calculate the amount of Availability Liquidated Damages or Availability Bonus payable in respect of that Availability Test Period and must notify the same to the Project Company as soon as reasonably practicable but no later than ten (10) Business Days following the end of that Availability Test Period.

  • If the Supplier’s Actual Availability on average over the previous Contract Year is more than 5 % above the Target Availability for that Contract Year and warranted by the Supplier in the annual Target Availability schedule listed in Exhibit C, the Buyer will pay the Buyer an Availability Bonus, according to 3.1(f)(5) below.

  • If the Peak Time Unit Availability is less than 86%for a Designated Unit, then the Availability Bonus for such Designated Unit for such Designated Month shall be zero.


More Definitions of Availability Bonus

Availability Bonus shall have the meaning set forth in Section 3.5(a).
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Related to Availability Bonus

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Availability Block means $15,000,000.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Maximum Availability has the meaning set forth in Section 2.1.1.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Service credit month means a full service credit month or an

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.

  • System Availability means, with respect to any particular calendar month, the ratio obtained by subtracting Unscheduled Downtime during such month from the Total Monthly Time, and thereafter dividing the difference so obtained by the Total Monthly Time. Represented algebraically, System Availability for any particular calendar month is determined as follows:

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Continuous period of creditable coverage means the period during which an individual was covered by creditable coverage, if during the period of the coverage the individual had no breaks in coverage greater than sixty-three (63) days.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.