Cover Costs definition

Cover Costs has the meaning set forth in Section 31.3.
Cover Costs shall have the meaning set forth in Section 16.1. 2.10 "Cover Standard" shall mean that if there is an unexcused failure to take or deliver any quantity of Gas pursuant to this Base Contract, then the non-defaulting Party shall use commercially reasonable efforts to obtain or sell Gas at a reasonable price for the delivery point. 2.11 "Delivery Point" for any Gas delivery to Buyer shall be the Primary Delivery Point, Alternate Delivery Point(s), or other point(s) as established by Section 6.1. 2.12 "Facility" means the Gas-fired electrical and steam generating plant located in Bellingham, Massachusetts and owned by the Buyer. 2.13 "Firm Performance Obligation" has the meaning given in Section 3.1. 2.14 "Forced Outage" means a partial or full interruption in the generating capability of the Facility due to an unplanned component failure (immediate, delayed, postponed, or startup failure) or other condition that requires the applicable unit to be removed from service, or prevents the unit from going back into service, immediately, within six hours, or before the end of the then next weekend. 2.15 "Fuel Manager" means the Buyer's fuel manager as designated from time to time in a written notice from Buyer to Seller. 2.16 "Gas" shall mean pipeline quality natural gas. 2.17 "Gas Day" shall mean a period of twenty-four (24) consecutive hours, coextensive with a "gas day" as defined in the tariff of the Transporter delivering Gas to the Delivery Point in a particular transaction. 2.18 "Imbalance Charges" shall mean any Scheduling penalties, imbalance penalties, overpull or unauthorized overrun penalties, operational flow order penalties, cash out charges, banking charges, or similar penalties, fees or charges assessed by a Transporter for failure to satisfy the Transporter's balancing and/or Scheduling requirements. 2.19 "Index Price" means the monthly posting (expressed in $/MMBtu) published in Platts Gas Daily Price Guide under "Monthly Contract", "Index", "Market Centers", "Northeast", "Niagara" (as such publication exists as of the date hereof). If such monthly index or such publication ceases to be published, the Parties shall in good faith determine a replacement monthly index to be utilized from the date the foregoing index or publication ceases to be published for the remainder of the term of this Base Contract (subject to further replacement as provided herein in the event that the replacement index ceases to be published), which replacement index shall r...
Cover Costs is defined in Section 15.1(b) below.

Examples of Cover Costs in a sentence

  • Promptly following Final Completion, the calculation of Cover Costs shall be determined by Owner, and Owner shall notify Contractor in writing of the amount, if any, that Contractor shall pay to Owner or Owner shall pay to Contractor, which amount shall be paid within thirty (30) Days of Notice from Owner.


More Definitions of Cover Costs

Cover Costs means the quantification of the loss, beginning at the time of breach, resulting from a Party’s failure to perform its Service Level obligation after the non-defaulting Party has exercised commercially reasonable efforts to mitigate such loss. Such loss is determined by the provisions of Article IV.
Cover Costs shall have the meaning set forth in Section 16.1. 2.9 "Cover Standard" shall mean that if there is an unexcused failure to take or deliver any quantity of Gas pursuant to this Contract, then the non-defaulting Party shall use commercially reasonable efforts to obtain or sell Gas at a reasonable price for the delivery point; provided that in addition the Seller recognizes that Buyer has obligations to provide Gas to PSE&G under the PSE&G Contract on PSE&G Peak-Demand Days and agrees that in order to fulfill such obligations Buyer may procure Gas that is very expensive due to the demand for Gas or transportation on such Gas Days and Seller agrees that Cover Costs shall include the cost of such replacement gas and Buyer's unitized cost of transportation for each day of non-delivery even though Buyer is not procuring such Gas to generate electricity.
Cover Costs shall have the meaning set forth in Section 3.2., if applicable.
Cover Costs consist of cost of [...* * *...], cost of [...* * *...] including without limitation providing [...* * *...], as well as [...* * *...] including but not limited to [...* * *...] Cover Costs will not include [...* * *...]
Cover Costs has the meaning set forth in Section 15.1(B) (Default by Seller for Failure to Deliver the Product; Remedies).
Cover Costs has the meaning set forth in Section 15.1(B) [...].
Cover Costs is defined in Section 17.1 below.