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 shall have the meaning set forth in Section 8.06(b) hereof.
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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.

  • 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).

  • 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.

  • For purposes of determining the actual Energy delivered during a Contract Year, any Compensated Curtailment for the Contract Year shall be included as if it were actual Energy delivered by Seller.

  • If the master has sent the last nibble of a file to the MSP53C691 buffer, then it can send dummy commands (0x00) in response to INRDY low if it is not servicing an FM request or does not have any valid commands to send.

  • Each 250-kW unit shall be equipped with four (4) axial, outside air, electronically commutated fans.

  • Notwithstanding anything else in this PPA to the contrary, MP shall not be required to pay any amount for full or partial hours of Compensated Curtailment.

  • NIPPC requested that PacifiCorp clarify its expectations and assumptions for Compensated Curtailment, as well as clarifying how this will be incorporated into bid scoring metrics.PacifiCorp did not appear to reply to this request.

  • If Compensated Curtailment resulting from transmission outages or other reasons is consistent for more than 96 full or partial hours, MP shall be obligated to pay Seller as determined pursuant to Section 8.06(b).


More Definitions of Compensated Curtailment

Compensated Curtailment has the meaning set forth in Section 2(e) of this TC.
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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 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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Related to Compensated Curtailment

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

  • Highly Compensated Employee means an 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 1.26. 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 the period of time during which Seller reduces generation from the Project, pursuant to a Curtailment Order. The Curtailment Period shall be inclusive of the time required for the Project to ramp down and ramp up; provided that such time periods to ramp down and ramp up shall be consistent with the Ramp Rate designated in the Cover Sheet.

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

  • Excess Contribution means a contribution that exceeds the

  • 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 are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • 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.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

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