Curtailment Event definition

Curtailment Event means the temporary interruption or reduction of deliveries of electric energy from the PV System initiated by Company as a result of circumstances described in Section 11(a) (Continuity of Service) and/or Section 12 (Personnel and System Safety) of the Interconnection Agreement. A Curtailment Event shall commence at the time the PV System receives the curtailment control from the Company System Operator and shall end at the time the PV System receives the curtailment control from the Company System Operator to end the curtailment.
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Curtailment Event. The temporary curtailment, interruption or reduction of deliveries of electric energy from the Facility initiated by Company as a result of circumstances described in Article 8 (Continuity of Service) and Article 9 (Personnel and System Safety) of this Agreement.
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Curtailment Event has the meaning given in Section 6.3(b). “Day” has the meaning given in the Rules and Regulations.
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Examples of Curtailment Event in a sentence

  • Seller shall have no obligation to deliver the Product during an outage or Curtailment Event, and Seller shall have no obligation to make the Unit available during an Excused Outage.

  • Company will forward ISO-NE event notifications electronically to an e-mail address and/or an e-mail addressable device (i.e., text pager or cell phone), notifying Customer when a Curtailment Event, as defined in the Program, is called.

  • Baseline Load Baseline Load is an estimate of the participating Customer’s load if a Curtailment Event had not been called.

  • In the event that Company initiates a Curtailment Event pursuant to this Section 8.1 (General), Company shall not be obligated to accept or pay for any electric energy from Seller except for such electric energy that Company notifies Seller that it is able to take during the duration of a Curtailment Event.

  • The Performance Incentive is a bill credit based on a participant’s total Energy Reduction, in Kilowatt-Hour (kWh), during a Curtailment Event.

  • Energy Reduction during a Curtailment Event, as measured in Kilowatt-Hour (kWh), will be calculated by subtracting the Customer’s actual usage during the event period from the Customer’s usage under their Baseline Load for the same time period.

  • A Customer’s Load Reduction Obligation is the load a Customer under this schedule agrees to curtail during a Curtailment Event.

  • The load reduction is calculated by subtracting the Customer’s actual usage, in Kilowatt-Hour (kWh), during an event from the Customer’s baseline usage during the same time period, and dividing by the number of hours within the Curtailment Event.

  • An Incentive Payment to the Customer for participation in this program shall be calculated as follows: IP = MAXIMUM OF 0 or 90% * (CBLh - AQh) * IPLSE Where: IP is the Incentive Payment made to the Customer by the Company for participating in the Curtailment Event.

  • The load reduction obligation must be achievable by a Customer during non-Holiday weekdays between the hours of 2:00 p.m. and 6:00 p.m. During the portion of a Curtailment Event which falls between the hours of 2:00 p.m. and 6:00 p.m., a Customer’s Load Reduction must meet or exceed their nominated Load Reduction Obligation to be eligible to receive the Performance Incentive.


More Definitions of Curtailment Event

Curtailment Event means the failure by Powerex to schedule and deliver Firm Power at the Delivered Demand during an hour as required by this Agreement at the Point of Delivery, where such failure is not the result of Force Majeure, and
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Curtailment Event means where:
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Curtailment Event means an event or circumstance resulting from:
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Curtailment Event means the temporary curtailment, interruption or reduction of deliveries of electric energy from the Facility initiated by Company as a result of circumstances described in Sections 1.A and 1.C of Attachment B (Curtailment Block) of this Contract. A Curtailment Event shall commence at the time the Facility receives the curtailment signal from the Company System Operator and shall end at the time the Facility receives the curtailment control signal from the Company System Operator to end the curtailment.
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Curtailment Event means, with respect to any HECM Loan, either (i) the failure of Seller or any prior servicer (or other responsible party) in respect of such HECM Loan to meet any one of the applicable requirements set forth in (a) 24 C.F.R. 206.129(d)(2)(iii) and related FHA Regulations in compliance with the Curtailment Event Timeframes, or (b) any other FHA Regulation the violation of which results in a reduction of the amount of eligible mortgage insurance proceeds in respect a claim to FHA pertaining to such HECM Loan, or (ii) as of the Closing Date, the deadline to meet any one of the applicable requirements set forth in 24 C.F.R. 206.129(d)(2)(iii) and related FHA Regulations falls less than sixty (60) days after the MSR Transfer Date. (d) “Curtailment Event Timeframe” means any one of the applicable timeframes including any timeframe the failure of which to meet results in a change in the amount of the related FHA Insurance claim, set forth in 24 C.F.R. 206.125 or 24 C.F.R. 206.127. (e) “Curtailment Losses” means any Loan Losses caused by Curtailment Events, including, for the avoidance of doubt, any future Loan Losses that will be incurred upon any HECM Loan being moved to “due and payable” status following the Closing Date. (f) “DBI Losses” means any Loan Losses (including without limitation diminution in the interest allowance in respect of an FHA Insurance claim pursuant to 24 C.F.R. 206.129(d)(2)(iii)) incurred as a direct result of a DBI Timeframe Failure.
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Curtailment Event. With respect to any HECM Loan, the failure of Seller or any prior servicer in respect of such HECM Loan to meet any one of the applicable requirements set forth in 24 C.F.R. 206.129(d)(2) and related FHA Regulations in compliance with the timeframes set forth in 24 C.F.R. 206.125 or 24 C.F.R. 206.127 and related FHA Regulations to the extent that such failure to meet any such timeframe (i) occurs prior to the Closing Date and (ii) results in a change in the amount of any FHA Insurance claims related to such HECM Loan.
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Related to Curtailment Event

  • Payment Event means any of the following:

  • Replacement Event shall have the meaning specified in Section 11.16.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Prepayment Event means any Asset Sale Prepayment Event, Debt Incurrence Prepayment Event, Casualty Event or any Permitted Sale Leaseback.

  • Adjustment Event means each of the following events:

  • Amendment Event means that Counterparty amends, modifies, supplements, waives or obtains a waiver in respect of any term of the Indenture or the Convertible Securities governing the principal amount, coupon, maturity, repurchase obligation of Counterparty, redemption right of Counterparty, any term relating to conversion of the Convertible Securities (including changes to the conversion price, conversion settlement dates or conversion conditions), or any term that would require consent of the holders of not less than 100% of the principal amount of the Convertible Securities to amend, in each case without the consent of Dealer.

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Potential Adjustment Event means any of the following:

  • Disruption Event means either or both of:

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • Servicer Replacement Event means any one or more of the following that shall have occurred and be continuing:

  • Enforcement Event means an Event of Default.