Bid Facility definition

Bid Facility. The electric generating station that has been identified and described in the Application for Qualification submitted by Seller through which the Bid Facility was found to be qualified for participation in RESRFP22-1. Bid Proposal: Documents submitted by Seller in response to RESRFP22-1 and received by NYSERDA. Bid Quantity: The amount of Tier-1 RECs the Bid Facility expects to proffer as performance under this Agreement during each Contract Year during the Contract Delivery Term. Subject to adjustments made pursuant to Article V, for all transactions contemplated and consummated under this Agreement the Bid Quantity shall be as stated in Schedule 1 of this Agreement.

Bid Facility. The electric generating station that has been identified and described in the Application for Qualification submitted by Seller through which the Bid Facility was found to be qualified for participation in RESRFP19-1.

Bid Facility means the credit facility for the requesting and making of Bid Advances described in Section 2.1(a)(ii).

Examples of Bid Facility in a sentence

• NYSERDA’s obligations to purchase Tier-1 RECs and to make payment under this Agreement are conditioned on the commencement by the Bid Facility of Commercial Operation with an Installed Capacity of not less than 80% of the Bid Capacity on or before the Commercial Operation Milestone Date.

• Seller shall provide NYSERDA with written notice prior to any Material Modification of the Bid Facility, which notice shall include a written description of the planned modification.

• Seller shall provide, at NYSERDA’s request, the NERC tag information from the OATI (Open Access Technology International) System or the NY JESS Contract ID from the Joint Energy Scheduling System (JESS) listing the External Bid Facility name as the Source for the scheduled and transmitted electricity from the External Bid Facility into the NYISO.

• Seller may be required to authorize the direct transfer to NYSERDA by an energy market administrator or the operator of the transmission and/or distribution system into which the energy from the Bid Facility is delivered of transactional and/or delivery information and data pertinent to the verification of attribute creation and electricity delivery, and thereby to waive confidentiality with respect to the disclosure of such information to NYSERDA.

• Seller hereby covenants and promises that the Bid Facility is or will be eligible under any applicable orders of the Public Service Commission issued under Case 15-E-0302, Proceeding on Motion of the Commission to Implement a Large-Scale Renewable Program and a Clean Energy Standard, as of the Effective Date of this Agreement, and that it will remain so throughout the Contract Delivery Term.

More Definitions of Bid Facility

Bid Facility. The electric generating station that has been identified and described in the Bid Proposal.

Bid Facility. The electric generating station that has been identified and described in the Application for Qualification submitted by Seller through which the Bid Facility was found to be qualified for participation in RESRFP20-1. Bid Proposal: Documents submitted by Seller in response to RESRFP20-1 and received by NYSERDA including the Step Two Application for Qualification, and the Step Three Bid Proposal. Bid Quantity: The amount, in MWh, of Tier-1 RECs the Bid Facility expects to proffer as performance under this Agreement during each Contract Year during the Contract Delivery Term. The Bid Quantity must be the same for each Contract Year throughout the Contract Delivery Term, subject to adjustments pursuant to Article IV (Payment) and Article V (Adjustments). This number will equal the Expected Annual Eligible Production multiplied by the Bid Quantity Percentage. Subject to adjustments made pursuant to Article V, for all transactions contemplated and consummated under this Agreement the Bid Quantity shall be as stated in Schedule 1 of this Agreement.

Bid Facility. The “Noble Chateaugay Windpark” electric generating station that has been identified and described in the Application Package and Bid Proposal submitted by Seller to RFP 1037, consisting of a specified Nameplate Capacity of 127.50 MW. The Noble Chateaugay Windpark is an Intermittent Bid Facility.

Bid Facility. The electric generating station that has been identified and described in the Application for Qualification submitted by Seller through which the Bid Facility was found to be qualified for participation in RESRFP21-1. Bid Proposal: Documents submitted by Seller in response to RESRFP21-1 and received by NYSERDA, including the Step Two Application for Qualification and the Step Three Bid Proposal. Bid Quantity: The amount, in MWh, of Tier-1 RECs the Bid Facility expects to proffer as performance under this Agreement during each Contract Year during the Contract Delivery Term. The Bid Quantity must be the same for each Contract Year throughout the Contract Delivery Term, subject to adjustments pursuant to Article IV (Pricing and Payment) and Article V (Adjustments). This number will equal the Expected Annual Production multiplied by the Bid Quantity Percentage. Subject to adjustments made pursuant to Article V, for all transactions contemplated and consummated under this Agreement the Bid Quantity shall be as stated in Schedule 1 of this Agreement. Bid Quantity Percentage: The percentage of the Bid Facility’s Actual Production that will be committed to performance under this Agreement. The Bid Quantity Percentage must be at least 30% and may not exceed 100%. The Bid Quantity Percentage will be applied to Actual Production in any period during the Contract Delivery Term to establish compliance with contract requirements. For all transactions contemplated and consummated under this Agreement the Bid Quantity Percentage shall be as stated in Schedule 1 of this Agreement. [Bid Storage Capacity: The maximum amount of energy that is capable of being stored in the Energy Storage Component, measured in Megawatt hours (MWh), as specified in the Bid Proposal. The Bid Storage Capacity under this Agreement shall be as stated in Schedule 1 of this agreement.]

Bid Facility. The “Xxxxx Xxxxxxx Windpark I” electric generating station that has been identified and described in the Application Package and Bid Proposal submitted by Seller to RFP 1037, consisting of a specified Nameplate Capacity of 100.5 MW. The Xxxxx Xxxxxxx Windpark I is an Intermittent Bid Facility.

Bid Facility. The “Noble Altona Windpark” electric generating station that has been identified and described in the Application Package and Bid Proposal submitted by Seller to RFP 1037, consisting of a specified Nameplate Capacity of 102 MW. The Noble Altona Windpark is an Intermittent Bid Facility.

Bid Facility. The right of the Borrower to borrow from time to time and at any time from any lending institution selected by the Borrower, the sum of up to an amount equal to fifty percent (50%) of the Revolving Credit Commitment pursuant to Article XIII of this Agreement.