Capacity Commitments definition
Examples of Capacity Commitments in a sentence
The purpose of this Schedule is to establish the basis for Capacity Commitments between the Companies and the rates for the Capacity Commitment Charge and associated Energy.
Listed below are the Generating Units from which each of the Companies shall commit Capacity to other Companies pursuant to Section 6.3. Capacity Commitments shall be made from the first listed unit of the committing Company unless or to the extent that such unit is not expected to be available during the commitment period.
In such event, Capacity Commitments shall be made from the second listed unit of the committing Company.
The Customer also understands that the Consultant may have economic risk when the Consultant obtains such Capacity Commitments.
The purpose of this Schedule is to identify the Generating Units of the Companies from which Capacity Commitments shall be made pursuant to Section 6.3 and with reference to which the Capacity Commitment Charge shall be determined in accordance with Schedule C.
Accordingly, from time-to-time under any relevant SOW, Consultant may request, and Customer may agree to make advance payments to Consultant for such Capacity Commitments.
All Project Costs and other costs set forth in the Project Budget scheduled to have been paid from the proceeds of amounts to be funded under this Agreement and the Sponsor Pre-Sale Capacity Commitments shall have been paid in full, or other support arrangements which are satisfactory to the Administrative Agent shall have been made for the payment thereof.
The Construction Loan Commitments shall automatically be reduced by an amount equal to the amount of Project Costs being paid with such funds, other than the portion thereof attributable to Sponsor Pre-Sale Capacity Commitments.
The Customer agrees that it is obligated to pay (or reimburse Consultant) for such Capacity Commitments, notwithstanding any other provision of this MBSA, or any SOW, or any event, including suspension or termination of this MBSA, or any SOW.
The Company shall notify the Administrative Agent of any election to pay Project Costs with any funds other than those available under the Loans, the Sponsor Pre-Sale Capacity Commitments and the Equity Contribution Agreements.