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.
Sample 1Sample 2Sample 3
Compensated Curtailment means a NorthWestern-ordered curtailment of Energy (excluding Uncompensated Curtailments) that entitles Seller to payment for Lost Production.
Sample 1Sample 2Sample 3
Compensated Curtailment has the meaning set forth in Section 2(e) of this TC.
Sample 1Sample 2

Examples of Compensated Curtailment in a sentence

  • 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 IV.04 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.

  • Seller shall include an invoice for payment for such Contract Energy with its regular monthly invoice to MP, along with the information showing its calculation of amounts due for Contract Energy curtailed by any Compensated Curtailment.

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


More Definitions of Compensated Curtailment

Compensated Curtailment shall have the meaning set forth in Section 8.06(b) hereof.
Sample 1Sample 2
Compensated Curtailment is defined in Section VIII.06(b).
Sample 1
Compensated Curtailment means a NorthWestern‐ordered curtailment of Energy that is not an Uncompensated Curtailment, entitling Seller to payment for Lost Production.
Sample 1
Compensated Curtailment has the meaning set forth in Section 7.6.3.
Sample 1
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.
Sample 1
Compensated Curtailment means a NorthWestern-ordered curtailment of Energy that is not an Uncompensated Curtailment, entitling Seller to payment for Lost Production.
Sample 1

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:

  • 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, as measured using current Settlement Intervals, during which generation from the Facility is reduced pursuant to a Curtailment Order; provided that the Curtailment Period shall be inclusive of the time required for the Facility to ramp down and ramp up.

  • 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."]

  • 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 an Employee Contribution made by such Participant, or on account of a Participant's Elective Deferral, under a plan maintained by the Employer.