Baseload Difference Amount definition

Baseload Difference Amount has the meaning given to that term in Condition 9 (as amended pursuant to Clause 4.5);
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Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: Baseload Difference Amount = Difference x MAX(MIN(Qt x ht x RQMt x CHPQMt x TLMt x ACTEMt,Mt ),0) where: Qt is the Maximum Contract Capacity applicable to Settlement Unit (t); ht is the number of hours in Settlement Unit (t); RQMt is the Renewable Qualifying Multiplier in Settlement Unit (t) if the Renewable Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); CHPQMt is the CHP Qualifying Multiplier in Settlement Unit (t) if the CHP Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); TLMt is the transmission loss multiplier allocated in accordance with the BSC, or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); ACTEMt is the ACT Efficiency Multiplier in the Settlement Unit (t) if the ACT Efficiency Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); and Mt is the Metered Output during Settlement Unit (t), provided that in respect of any and all Settlement Units which form part of a Baseload Negative Price Period, the Baseload Difference Amount shall be zero (0);
Sample 1Sample 2
Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: Baseload Difference Amount = Difference × MAX (MIN (Qt × ht × RQM × CHPQM × TLMt , Mt ),0) where: Qt is the Maximum Contract Capacity applicable to Settlement Unit (t); ht is the number of hours in Settlement Unit (t); is the transmission loss multiplier allocated in accordance with the BSC, or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); and Mt is the Metered Output during Settlement Unit (t), provided that in respect of any and all Settlement Units which form part of a Baseload Rolling Negative Price Period, the Baseload Difference Amount shall be zero (0);
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More Definitions of Baseload Difference Amount

Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: BaseloadDifferenceAmount Difference MAXMIN Qt  ht  RQM  CHPQM  TLMt ,Mt ,0 where: Qt ht TLMt Mt is the Maximum Contract Capacity applicable to Settlement Unit (t); is the number of hours in Settlement Unit (t); is the Renewable Qualifying Multiplier in Settlement Unit (t) if the Renewable Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); is the CHP Qualifying Multiplier in Settlement Unit (t) if the CHP Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); is the transmission loss multiplier allocated in accordance with the BSC, or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); and is the Metered Output during Settlement Unit (t) , provided that in respect of any and all Settlement Units which form part of a Baseload Rolling Negative Price Period, the Baseload Difference Amount shall be zero (0);
Sample 1Sample 2
Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: Baseload Difference Amount  Difference  MAX MIN Qt  ht  RQM  CHPQM  TLMt , Mt ,0 where: Qt ht is the Maximum Contract Capacity applicable to Settlement Unit (t); is the number of hours in Settlement Unit (t); Mt is the transmission loss multiplier allocated in accordance with the BSC, or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); and is the Metered Output during Settlement Unit (t), provided that in respect of any and all Settlement Units which form part of a Baseload Rolling Negative Price Period, the Baseload Difference Amount shall be zero (0);
Sample 1
Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: Baseload Difference Amount = Difference x MAX(MIN(Qt x ht x RQMt x CHPQMt x TLMt x ACTEMt,Mt ),0) where: is the Maximum Contract Capacity applicable to Settlement Unit (t); RQMt is the number of hours in Settlement Unit (t); is the Renewable Qualifying Multiplier in Settlement Unit (t) if the Renewable Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); CHPQMt is the CHP Qualifying Multiplier in Settlement Unit (t) if the CHP Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); is the transmission loss multiplier allocated in accordance with the BSC, or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); ACTEMt is the ACT Efficiency Multiplier in the Settlement Unit (t) if the ACT Efficiency Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); and is the Metered Output during Settlement Unit (t), provided that in respect of any and all Settlement Units which form part of a Baseload Negative Price Period, the Baseload Difference Amount shall be zero (0);
Sample 1
Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: Baseload Difference Amount = Difference × MAX (MIN (Qt × ht × RQM × CHPQM × TLMt , Mt ),0) where: Qt is the Maximum Contract Capacity applicable to Settlement Unit (t); ht is the number of hours in Settlement Unit (t); RQM is the Renewable Qualifying Multiplier in Settlement Unit (t) (but only if the Renewable Qualifying Multiplier is expressed to apply to the Contract for Difference pursuant to the CfD Agreement) or, otherwise, CHPQM is the CHP Qualifying Multiplier in Settlement Unit (t) (but only if the CHP Qualifying Multiplier is expressed to apply to the Contract for Difference pursuant to the CfD Agreement) or, otherwise, one (1); is the transmission loss multiplier allocated in accordance with the BSC, or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); and Mt is the Metered Output during Settlement Unit (t);
Sample 1
Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: Baseload Difference Amount = Difference × MAX (MIN (Qt × ht × RQM × CHPQM × TLMt , Mt ),0) where: Qt is the Maximum Contract Capacity applicable to Settlement Unit (t); ht is the number of hours in Settlement Unit (t); RQM is the Renewable Qualifying Multiplier in Settlement Unit (t) if the Renewable Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); CHPQM is the CHP Qualifying Multiplier in Settlement Unit (t) if the CHP Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); is the transmission loss multiplier allocated in accordance with the BSC, or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); and Mt is the Metered Output during Settlement Unit (t);
Sample 1
Baseload Difference Amount means, in respect of a Settlement Unit, an amount (expressed in pounds) calculated in accordance with the following formula: Baseload Difference Amount = Difference x MAX(MIN(Qt x ht x RQMt x CHPQMt x TLMt x ACTEMt,Mt ),0) where: Qt is the Maximum Contract Capacity applicable to Settlement Unit (t); ht is the number of hours in Settlement Unit (t); RQMt is the Renewable Qualifying Multiplier in Settlement Unit (t) if the Renewable Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); CHPQMt is the CHP Qualifying Multiplier in Settlement Unit (t) if the CHP Qualifying Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); TLMtis the transmission loss multiplier allocated in accordance with the BSC,or any new or substituted multiplier or factor which is in the nature of, or similar to, a transmission loss multiplier, in Settlement Unit (t); ACTEMt is the ACT Efficiency Multiplier in the Settlement Unit (t) if the ACT Efficiency Multiplier is expressed to apply to the Contract for Difference in the CfD Agreement or, otherwise, one (1); and Mt is the Metered Output during Settlement Unit (t), [provided that in respect of any and all Settlement Units which form part of a Baseload Negative Price Period, the Baseload Difference Amount shall be zero (0);]
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Related to Baseload Difference Amount

  • Reference Amount In relation to (a) any Term Obligation, the Outstanding Principal Amount thereof and (b) any Committed Obligation, the Commitment Amount thereof. Utilization Amount: In relation to any Calculation Period, the daily average of the Portfolio Notional Funded Amount during such Calculation Period. Maximum Portfolio Notional Amount: USD750,000,000, or such greater amount as the parties may agree to in writing. Minimum Portfolio Notional Amount: 80% of the Maximum Portfolio Notional Amount. Business Day: New York Business Day Convention: Following (which shall apply to any date specified herein for the making of any payment or determination or the taking of any action which falls on a day that is not a Business Day). If any anniversary date specified herein would fall on a day on which there is no corresponding day in the relevant calendar month, then such anniversary date shall be the last day of such calendar month. Floating Rate Index: Whenever in this Confirmation reference is made to any Floating Rate Option (including any floating rate index specified in any Reference Obligation Credit Agreement) or to USD-LIBOR-BBA (each, a "Floating Rate Index"), in no event may such Floating Rate Index be less than zero. In addition, with respect to any Counterparty First Floating Amount, if payment of interest on a Reference Obligation (or any portion thereof) is subject to the payment of a specified minimum rate regardless of the level of the relevant Floating Rate Index, then, without limiting the effect of the preceding sentence, such Floating Rate Index will be determined without regard to such specified minimum rate. Monthly Period: Each period from and including the 12th day of any calendar month to but excluding the same day of the immediately succeeding calendar month. Calculation Agent: Citibank; provided that, if an Event of Default described in Section 5(a)(vii) occurs with respect to Citibank as Defaulting Party and no Event of Default has occurred with respect to Counterparty as Defaulting Party, then Counterparty may designate any of Bank of America, NA, The Bank of Montreal, Barclays Bank plc, Canadian Imperial Bank of Commerce, Credit Suisse, Deutsche Bank AG, JPMorgan Chase Bank, N.A., UBS AG and Xxxxx Fargo Bank, National Association as Calculation Agent, which designation shall be effective only (a) if such designated entity accepts such appointment and agrees to perform the duties of the Calculation Agent hereunder and (b) so long as such Event of Default with respect to Citibank as Defaulting Party continues. Unless otherwise specified, the Calculation Agent shall make all determinations, calculation s and adjustments required pursuant to this Confirmation in good faith and on a commercially reasonable basis. Calculation Agent City: New York Initial Price: In relation to any Reference Obligation (and the related Transaction), the Initial Price specified in Annex I. The Initial Price will be determined as of the related Obligation Trade Date exclusive of accrued interest and will be expressed as a percentage of the Reference Amount. The Initial Price will be determined exclusive of Costs of Assignment that would be incurred by a buyer in connection with any purchase of the Reference Obligation and exclusive of any Delay Compensation.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Unadjusted Principal Distribution Amount As defined in the definition of “Principal Distribution Amount.”

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Adjustment Percentage means, with respect to any Loan, the quotient (expressed as a decimal) of the Loan Value for such Loan divided by the Cut-Off Date Unpaid Principal Balance of such Loan.

  • Adjusted Actual/360 Accrued Interest Amount with respect to any REMIC I Regular Interest referred to in clause (B) of the second sentence of the prior paragraph, for any Interest Accrual Period, is an amount of interest equal to the product of (a) the Net Mortgage Rate then in effect (including as a result of any step-up provision) for the related Mortgage Loan under the original terms of such Mortgage Loan in effect as of the Closing Date (without regard to any modifications, extensions, waivers or amendments of such Mortgage Loan subsequent to the Closing Date, whether entered into by the Master Servicer or the Special Servicer or in connection with any bankruptcy, insolvency or other similar proceeding involving the related Borrower), multiplied by (b) a fraction, the numerator of which is the number of days in such Interest Accrual Period, and the denominator of which is 360, multiplied by (c) the Uncertificated Principal Balance of such REMIC I Regular Interest immediately prior to the Distribution Date that corresponds to such Interest Accrual Period; provided that, if the subject Interest Accrual Period occurs during (x) December of any year that does not immediately precede a leap year or (y) January of any year, then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be decreased by the Interest Reserve Amount, if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.04(c), from the Distribution Account to the Interest Reserve Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period; and provided, further, that, if the subject Interest Accrual Period occurs during February of any year (or during any December or January preceding the month of the Final Distribution Date), then the amount of interest calculated with respect to the subject REMIC I Regular Interest pursuant to this definition for such Interest Accrual Period without regard to this proviso shall be increased by the Interest Reserve Amount(s), if any (and the fraction described in clause (B) of the second sentence of the preceding paragraph shall be adjusted accordingly), with respect to the related Mortgage Loan (or any successor REO Mortgage Loan with respect thereto) transferred, in accordance with Section 3.05(c), from the Interest Reserve Account to the Distribution Account on the Master Servicer Remittance Date that occurs immediately following the end of such Interest Accrual Period.

  • Adjusted Pool Amount (PO Portion) With respect to any Distribution Date, the sum of the amounts, calculated as follows, with respect to all Outstanding Mortgage Loans: the product of (i) the PO Fraction for each such Mortgage Loan and (ii) the remainder of (A) the Cut-Off Date Principal Balance of such Mortgage Loan minus (B) the sum of (x) all amounts in respect of principal received in respect of such Mortgage Loan (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Unscheduled Principal Receipts and Substitution Principal Amounts) and distributed to Holders of the Certificates on such Distribution Date and all prior Distribution Dates and (y) the principal portion of any Realized Loss (other than a Debt Service Reduction) incurred on such Mortgage Loan from the Cut-Off Date through the end of the month preceding such Distribution Date.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Valuation Amount means, in respect of each Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Price in respect of such day.

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Allocation Amount means, as of the Closing Date, the Series 2023-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2023-1 Stated Principal Amount resulting from the issuance of additional Series 2023-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2023-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding DollarPrincipal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.