Delivery Year REC Performance definition

Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the number of RECs that is associated with a historical 3-year rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred in the preceding three
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Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the number of RECs that is associated with a historical 3-year rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred in the preceding three (3) Delivery Years. For avoidance of doubt, the Delivery Year REC Performance will only be calculated after the occurrence of three (3) full Delivery Years after the start of the Delivery Term of such Designated System. Further, if the last Delivery Year contained in the Delivery Term is less than 12 full months, then for purposes of calculating the Delivery Year REC Performance, only RECs delivered during the last 36 months of the Delivery Term shall be used for calculating the 3-year rolling average for that last Delivery Year. For example, if the Delivery Term with respect to a Designated System terminates on February 28, 2035, then the Deliveries occurring from March 1, 2032 through February 28, 2035 will be used for purposes of calculating the 3-year rolling average for the 2034-2035 Delivery Year. Further, if such Designated System is a Community Renewable Energy Generation Project, then the initial Delivery Year REC Performance calculated after the occurrence of three
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Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the REC quantity that is associated with a historical rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred, pro-rated by the number of days for partial Delivery Years and leap years, and rounded up to the nearest whole REC. For the first Delivery Year performance, only the REC Deliveries that occurred in the first Delivery Year will be used, and for second Delivery Year performance, only the REC Deliveries that occurred through second Delivery Year will be used.” The following is added as Section 1.22.5:
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Examples of Delivery Year REC Performance in a sentence

  • Signs attached to a roof and v-shaped signs attached to buildings are not permitted.

  • The remaining portion shall be paid ratably over the subsequent 4-year period.” 46 As such, the REC Deliveries in each of the Delivery Years accounted for in the Delivery Year REC Performance (i.e., the 3-year rolling average) will be deemed to have the same REC Deliveries in each such Delivery Year (i.e., thereby netting out any specific year underperformance or overperformance) for purposes of calculating the Delivery Year REC Performance in future Delivery Years.

  • Further, if the last Delivery Year contained in the Delivery Term is less than 12 full months, then for purposes of calculating the Delivery Year REC Performance, only RECs Delivered during the last 36 months of the Delivery Term shall be used for calculating the 3-year rolling average for that last Delivery Year.


More Definitions of Delivery Year REC Performance

Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the number of RECs that is associated with a historical 3-year rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred in the preceding three (3) Delivery Years. For avoidance of doubt, the Delivery Year REC Performance will only be calculated after the occurrence of three (3) full Delivery Years after the start of the Delivery Term of such Designated System. Further, if the last Delivery Year contained in the Delivery Term is less than 12 full months, then for purposes of calculating the Delivery Year REC Performance, only RECs delivered during the last 36 months of the Delivery Term shall be used for calculating the 3-year rolling average for that last Delivery Year. For example, if the Delivery Term with respect to a Designated System terminates on February 28, 2035, then the Deliveries occurring from March 1, 2032 through February 28, 2035 will be used for purposes of calculating the 3-year rolling average for the 2034-2035 Delivery Year.” The following is added as Section 1.22.5:
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Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the number of RECs that is associated with a historical 3-year rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred in the preceding three (3) Delivery Years (subject to any adjustments of deemed REC Deliveries pursuant to Section 5.2(c)(v)(a)(B)). For avoidance of doubt, the Delivery Year REC Performance will only be calculated after the occurrence of three (3) full Delivery Years after the start of the Delivery Term of such Designated System. Further, if the last Delivery Year contained in the Delivery Term is less than twelve (12) full months, then for purposes of calculating the Delivery Year REC Performance, only RECs Delivered during the last thirty-six (36) months of the Delivery Term shall be used for calculating the 3-year rolling average for that last Delivery Year. For example, if the Delivery Term with respect to a Designated System terminates on February 28, 2035, then the Deliveries occurring from March 1, 2032 through February 28, 2035 will be used for purposes of calculating the 3-year rolling average for the 2034-2035 Delivery Year. Further, if such Designated System is a Community Renewable Energy Generation Project, then the initial Delivery Year REC Performance calculated after the occurrence of three (3) full Delivery Years after the start of the Delivery Term of such Designated System shall be equal to the greater of: (a) the 3-year rolling average based on actual REC Deliveries that occurred in the preceding three (3) Delivery Years and (b) the 2-year rolling average based on actual REC Deliveries that occurred in the preceding two (2) Delivery Years.
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Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the number of RECs that is associated with a historical 3-year rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred in the preceding three (3) Delivery Years. For avoidance of doubt, the Delivery Year REC Performance will only be calculated after the occurrence of three (3) full Delivery Years after the start of the Delivery Term of such Designated System. Further, if the last Delivery Year contained in the Delivery Term is less than 12 full months, then for purposes of calculating the Delivery Year REC Performance, only RECs Delivered during the last 36 months of the Delivery Term shall be used for calculating the 3-year rolling average for that last Delivery Year. For example, if the Delivery Term with respect to a Designated System terminates on February 28, 2035, then the Deliveries occurring from March 1, 2032 through February 28, 2035 will be used for purposes of calculating the 3-year rolling average for the 2034-2035 Delivery Year. Further, if such Designated System is a Community Renewable Energy Generation Project, then the initial Delivery Year REC Performance calculated after the occurrence of three (3) full Delivery Years after the start of the Delivery Term of such Designated System shall be equal to the greater of: (a) the 3-year rolling average based on actual REC Deliveries that occurred in the preceding three (3) Delivery Years or (b) the 2-year rolling average based on actual REC Deliveries that occurred in the preceding two (2) Delivery Years.
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Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the number of RECs that is associated with a historical 3-year rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the 2 NTD: IPA Act Section 1-75(c)(1)(L)(iv): “Subscription of 90% of nameplate capacity or greater shall be deemed to be fully subscribed for the purposes of this item (iv).” Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred in the preceding three
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Delivery Year REC Performance means, with respect to a Designated System and a Delivery Year, the REC quantity that is associated with a historical rolling average of REC Deliveries from such Designated System that has occurred and that will be used to compare against the Delivery Year Expected REC Quantity for such Delivery Year. The Delivery Year REC Performance is calculated as a 3-year rolling average based on actual REC Deliveries that occurred, pro-rated by the number of days for partial Delivery Years and leap years, and rounded up to the nearest whole REC. For the first Delivery Year performance, only the REC Deliveries that occurred in the first Delivery Year will be used, and for second Delivery Year performance, only the REC Deliveries that occurred through second Delivery Year will be used.” [Commenter 7 Note: The first year “Delivery Year REC Performance” should be evaluated starting in Delivery Year 3 and be consistent with section 6.16.2 of the Final Approved LTRRPP, which states that REC delivery performance will be evaluated on a three-year rolling average basis.] The following is added as Section 1.22.5:
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Related to Delivery Year REC Performance

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • energy performance certificate means a certificate which complies with regulation 6 of the Energy Performance of Buildings (Scotland) Regulations 2008,

  • Basket Performance means a decimal number calculated by applying the following formula: BP = ∑ W ×iX ⎛⎜⎜i=1 ⎝ Underlyingi,FINAL ⎞⎟⎠Underlyingi,INITIAL ⎟ where: BP = Basket Performance X = 4 Wi = Weighting of the relevant Underlying Underlying i,FINAL Underlying i,INITIAL= Reference Price of the relevant Underlying with respect to the Valuation Date = Initial Price of the relevant Underlying

  • energy performance contracting means a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings;

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Extreme performance coating means coatings designed for harsh exposure or extreme environmental conditions.

  • Financial Performance Covenant means the covenant set forth in Section 6.11.

  • Total Performance means that the entire Work, except those items arising from the provisions of any warranty, have been performed in accordance with the Contract;

  • proof of B-BBEE status level of contributor means:B-BBEE Status level certificate issued by an authorized body or person;A sworn affidavit as prescribed by the B-BBEE Codes of Good Practice;Any other requirement prescribed in terms of the B-BBEE Act;

  • Worst Performance (final means the Performance of the Basket Componentj (final) specified as follows:Performance of the Basket Componentj (final) = mini= 1, ..., N [Ki (final) / Ki (initial)]

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Index Performance means, in relation to an Index and an Auto-Call Valuation Date or the Valuation Date, as the case may be, a percentage calculated by the Calculation Agent in respect of such date in accordance with the following formula: Index Performance =Final Index Level × 100% Initial Index Level

  • Energy Performance Score means the numeric rating generated by Portfolio Manager that compares the Energy usage of the building to that of similar buildings.

  • Certificate of Total Performance means a certificate issued indicating that the Work has been achieved;

  • Limited Demand Resource Reliability Target for the PJM Region or an LDA, shall mean the maximum amount of Limited Demand Resources determined by PJM to be consistent with the maintenance of reliability, stated in Unforced Capacity that shall be used to calculate the Minimum Extended Summer Demand Resource Requirement for Delivery Years through May 31, 2017 and the Limited Resource Constraint for the 2017/2018 and 2018/2019 Delivery Years for the PJM Region or such LDA. As more fully set forth in the PJM Manuals, PJM calculates the Limited Demand Resource Reliability Target by first: i) testing the effects of the ten- interruption requirement by comparing possible loads on peak days under a range of weather conditions (from the daily load forecast distributions for the Delivery Year in question) against possible generation capacity on such days under a range of conditions (using the cumulative capacity distributions employed in the Installed Reserve Margin study for the PJM Region and in the Capacity Emergency Transfer Objective study for the relevant LDAs for such Delivery Year) and, by varying the assumed amounts of DR that is committed and displaces committed generation, determines the DR penetration level at which there is a ninety percent probability that DR will not be called (based on the applicable operating reserve margin for the PJM Region and for the relevant LDAs) more than ten times over those peak days; ii) testing the six-hour duration requirement by calculating the MW difference between the highest hourly unrestricted peak load and seventh highest hourly unrestricted peak load on certain high peak load days (e.g., the annual peak, loads above the weather normalized peak, or days where load management was called) in recent years, then dividing those loads by the forecast peak for those years and averaging the result; and (iii) (for the 2016/2017 and 2017/2018 Delivery Years) testing the effects of the six-hour duration requirement by comparing possible hourly loads on peak days under a range of weather conditions (from the daily load forecast distributions for the Delivery Year in question) against possible generation capacity on such days under a range of conditions (using a Monte Carlo model of hourly capacity levels that is consistent with the capacity model employed in the Installed Reserve Margin study for the PJM Region and in the Capacity Emergency Transfer Objective study for the relevant LDAs for such Delivery Year) and, by varying the assumed amounts of DR that is committed and displaces committed generation, determines the DR penetration level at which there is a ninety percent probability that DR will not be called (based on the applicable operating reserve margin for the PJM Region and for the relevant LDAs) for more than six hours over any one or more of the tested peak days. Second, PJM adopts the lowest result from these three tests as the Limited Demand Resource Reliability Target. The Limited Demand Resource Reliability Target shall be expressed as a percentage of the forecasted peak load of the PJM Region or such LDA and is converted to Unforced Capacity by multiplying [the reliability target percentage] times [the Forecast Pool Requirement] times [the DR Factor] times [the forecasted peak load of the PJM Region or such LDA, reduced by the amount of load served under the FRR Alternative].

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Net metering period means the 12-month period following the date of final interconnection of the

  • the specified year means the school year beginning at or about the beginning of September 2023;

  • Control Performance Standard or “CPS” shall mean the reliability standard that sets the limits of a Balancing Authority’s Area Control Error over a specified time period.

  • Qualified Performance-Based Award means an Award intended to qualify for the Section 162(m) Exemption, as provided in Section 11.

  • human performance means human capabilities and limitations which have an impact on the safety and efficiency of aeronautical operations;

  • Schedule of Performance means that schedule of performance, attached hereto as Exhibit G and incorporated herein, setting forth the timelines for Milestones in the design, development, construction, and completion of the Project (including a construction timeline in customary form) together with the dates for submission of documentation required under this Agreement, which schedule shall be attached to the Development Plan and to the Declaration.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Time of Performance means the specific time or times indicated in the Contract at which or within which delivery or other performance is to be completed.