Compensated Curtailment definition

Compensated Curtailment. Means a curtailment of energy from Seller’s Plant for which Seller is entitled to payment for Lost Production, and which excludes Uncompensated Curtailments.
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Compensated Curtailment means a NorthWestern-ordered curtailment of Energy (excluding Uncompensated Curtailments) that entitles Seller to payment for Lost Production.
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Compensated Curtailment has the meaning set forth in Section 2(e) of this TC.
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Examples of Compensated Curtailment in a sentence

  • Notwithstanding the above, should Buyer fail to receive verification of its determination of an Exempt Operational Period from the MPSC as described in 18 CFR § 292.304(f)(4), if applicable, then such determination shall be deemed to be a Compensated Curtailment and Buyer shall be obligated to make such payments for all electric energy which Seller had available at the Plant, whether or not delivery of such electric energy was suspended due to Buyer’s notification to Seller under 18 CFR § 292.304(f)(4).

  • In the event the delivery of energy is curtailed due to a reason that qualifies as a Compensated Curtailment, and such curtailment results in Lost Production, Seller shall be entitled to Lost Production Damages on a monthly basis as its sole and exclusive remedy and Buyer’s sole and exclusive liability.

  • The Energy Purchase Price, as selected by the Seller and described in Exhibit A, will be applicable for the term of the contract.In the event the delivery of energy is curtailed due to a reason that qualifies as a Compensated Curtailment, and such curtailment results in Lost Production, Seller shall be entitled to Lost Production Damages on a monthly basis as its sole and exclusive remedy and Buyer’s sole and exclusive liability.

  • Moreover, before the Annual Non-compensated Curtailment Cap has been reached, Supplier may nominate any specific curtailment interval as Compensated Curtailment and make Customer whole under the Compensated Curtailment provisions, in which case such curtailment will not count against the Annual Non-compensated Curtailment Cap.

  • Any curtailment in excess of the Annual Non-compensated Curtailment Cap shall be considered Compensated Curtailment and governed by the provisions concerning Compensated Curtailment set forth in this Section 2 of this TC.

  • Notwithstanding the above, should Buyer fail to receive verification of its determination of an Exempt Operational Period from the MPSC as described in18 CFR § 292.304(f)(4), if applicable, then such determination shall be deemed to be a Compensated Curtailment and Buyer shall be obligated to make such payments for all electric energy which Seller had available at the Plant, whether or not delivery of such electric energy was suspended due to Buyer’s notification to Seller under 18 CFR § 292.304(f)(4).

  • NIPPC commented that the curtailment provisions in the pro forma PPA required clarification, particularly related to the Compensated Curtailment.

  • For the avoidance of doubt, the Parties agree that an Excused Curtailment shall mean all curtailments other than a Compensated Curtailment.

  • Seller is entitled to compensation and MP shall compensate Seller for the Contract Energy that would have been produced and delivered but for a Compensated Curtailment by paying the Contract Energy price in Section 4.03 and Exhibit B plus applicable tax or investment benefits, for all such Contract Energy.

  • Seller shall calculate the amount of Contract Energy the Facility would have produced and delivered to the Point of Delivery but for a Compensated Curtailment using actual availability of the Facility during the applicable period.


More Definitions of Compensated Curtailment

Compensated Curtailment shall have the meaning set forth in Section 8.06(b) hereof.
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Compensated Curtailment means a curtailment (1) caused by the action or inaction of Buyer, including in Buyer’s capacity as Scheduling Coordinator or (2) arising out of or resulting from (i) a Buyer-ordered curtailment of Energy; (ii) a Buyer Event of Default; (iii) a Forced Outage of Seller’s Project, or any part thereof, if such Forced Outage is caused by the default or negligence of Buyer; (iv) an Emergency Condition or Force Majeure Event on the Buyer System, Seller’s Project or the Transmission Provider’s System if (a) such Emergency Condition is caused by the default or negligence of Buyer or (b) such curtailment arising from such Emergency Condition or Force Majeure Event is not applied on a nondiscriminatory basis to Seller; (v) an order of a Governmental Agency if such order is the result of any negligence on the part of Buyer; (vi) a Buyer Dispatch Failure; or (vii) a Buyer economic bid. A “Compensated Curtailment” does not include any event that was caused by the default or negligence of the Seller.
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Compensated Curtailment means a NorthWestern-ordered curtailment of Energy that is not an Uncompensated Curtailment, entitling Seller to payment for Lost Production.
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Compensated Curtailment has the meaning set forth in Section 7.6.3.
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Compensated Curtailment means a NorthWestern‐ordered curtailment of Energy that is not an Uncompensated Curtailment, entitling Seller to payment for Lost Production.
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Related to Compensated Curtailment

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • Highly Compensated Employee means any Employee who:

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Nonhighly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Highly Compensated Former Employee means a former Employee who had a separation year prior to the "determination year" and was a Highly Compensated Employee in the year of separation from service or in any "determination year" after attaining age 55. Notwithstanding the foregoing, an Employee who separated from service prior to 1987 will be treated as a Highly Compensated Former Employee only if during the separation year (or year preceding the separation year) or any year after the Employee attains age 55 (or the last year ending before the Employee's 55th birthday), the Employee either received "415 Compensation" in excess of $50,000 or was a "five percent owner." For purposes of this Section, "determination year," "415 Compensation" and "five percent owner" shall be determined in accordance with Section 1.28. Highly Compensated Former Employees shall be treated as Highly Compensated Employees. The method set forth in this Section for determining who is a "Highly Compensated Former Employee" shall be applied on a uniform and consistent basis for all purposes for which the Code Section 414(q) definition is applicable.

  • Compensated time means, with respect to an employee, any time worked by or credited to the employee that counts toward any minimum work time requirement imposed as a condition of his or her employment, but for purposes of this Ordinance, does not include any designated holidays, vacation periods, personal time, compensatory time off or any period when the employee is on a leave of absence. With respect to officers or employees whose hours are not fixed, "compensated time" includes any period of time when the officer is on premises under the control of the employer and any other time when the officer or employee is executing his or her official duties, regardless of location.

  • Curtailment Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full.

  • Curtailment Period means a time period for which Seller is requested by CAISO or a Transmission Provider to curtail its Power Product for Force Majeure or otherwise.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).

  • Highly Compensated Individual means an individual defined under Code Section 125(e), as amended, as a "highly compensated individual" or a "highly compensated employee."

  • Limitation Year means the Plan Year.

  • Elective Deferrals mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Excess Deferrals means, with respect to any taxable year of a Participant, either (a) those elective deferrals within the meaning of Code §§402(g) or 402A that are made during the Participant's taxable year and exceed the dollar limitation under Code §402(g) (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for such year; or (b) are made during a calendar year and exceed the dollar limitation under Code §§402(g) and 402A (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for the Participant's taxable year beginning in such calendar year, counting only Elective Deferrals made under this Plan and any other plan, contract or arrangement maintained by the Employer.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • 415 Compensation means:

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Average final compensation means the average annual creditable compensation of a member during

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.