Delivery Year definition

Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.1.

Delivery Year means the Planning Period for which a Capacity Resource is committed pursuant to the auction procedures specified in Tariff, Attachment DD, or pursuant to an FRR Capacity Plan under Reliability Assurance Agreement, Schedule 8.1. Demand Bid:

Delivery Year means the twelve (12) calendar months beginning with June of one calendar year through and including May of the following calendar year.

Examples of Delivery Year in a sentence

• The Delivery Year Requirement for Delivery Year 0 is not applicable if the Earliest Vintage Month is June.

• The Delivery Year Requirement for the second Delivery Year will be an amount between the minimum 3,345 RECs and the maximum 3,650 RECs. Buyer will pay Seller for actual RECs delivered up to the maximum Delivery Year Requirement amount, or 3,650 RECs. If Seller fails to deliver the minimum Delivery Year Requirement of 3,345 RECs, the second Delivery Year will be designated a Shortfall Year.

• During the second Delivery Year starting on June 1, 2021 through May 31, 2022, Seller must Deliver at least 3,345 RECs, but no more than 3,650 RECs. The minimum of 3,345 RECs is the result of adding (i) 305 RECs, which is 5 RECs multiplied by 61 days (i.e., the number of days from June 1, 2021 through July 31, 2021), and (ii) 3,040 RECs, which is 10 RECs multiplied by 304 days (i.e., the number of days from August 1, 2021 through May 31, 2022).

• For example and based on the hypothetical above: During the first Delivery Year ending on May 31, 2021, Seller must Deliver at least 1,520 RECs, but no more than 3,040 RECs. The minimum of 1,520 RECs is the result of multiplying 5 RECs by 304 days (i.e., the number of days from August 1, 2020 through May 31, 2021), and the maximum of 3,040 RECs is the result of multiplying 10 RECs by 304 days.

• The Delivery Year Requirement for the first Delivery Year will be an amount between the minimum 1,520 RECs and the maximum 3,040 RECs. Buyer will pay Seller for actual RECs delivered up to the maximum Delivery Year Requirement amount, or 3,040 RECs. If Seller fails to deliver the minimum Delivery Year Requirement of 1,520 RECs, the Delivery Year will be designated a Shortfall Year.

More Definitions of Delivery Year

Delivery Year or "DY" means the 12-month period from June

Delivery Year means the consecutive 12-month period

Delivery Year or "DY" means the 12-month period from June 1st through May 31st, numbered according to the calendar year in which it ends.

Delivery Year means the twelve (12) calendar months beginning with June of one calendar year through and including May of the following calendar year; provided that if the Earliest Vintage Month is not June, (i) the period commencing on the first day of Earliest Vintage Month and ending on the immediately following May 31st and (ii) the period commencing on the June 1st immediately prior to the end of the Acceptable Vintage Period and through the last day of the Latest Vintage Month shall, in each case, be deemed to be a Delivery Year.

Delivery Year means each 12-month period from June 1st through May 31st numbered according to the calendar year in which it ends beginning on the Commencement Date and concluding on the Conclusion Date.

Delivery Year means each consecutive twelve (12) calendar month period during the Acceptable Vintage Period beginning with June 1 of each calendar year through and including May 31 of the following calendar year; provided that if the Earliest Vintage Month is not June, (i) the period commencing on the first day of the Earliest Vintage Month through and including the immediately following May 31st and (ii) the period commencing on June 1 immediately prior to the end of the Acceptable Vintage Period through and including the last day of the Latest Vintage Month shall, in each case, be a Delivery Year. For avoidance of doubt, unless the term “Delivery Year” is used, the uncapitalized term “delivery year” shall refer generally to each consecutive twelve (12) calendar month period beginning with June 1 of each calendar year through and including May 31 of the following calendar year, regardless of whether or not such period is in the Acceptable Vintage Period.

Delivery Year means the time comprising the four consecutive Delivery Seasons, from the beginning of the Summer Season of one year through the end of the Spring Season of the following year and corresponding to the period beginning with June of one calendar year through and including May of the following calendar year, that are included within the contract term specified in the Confirmation.