ECT Overage definition

ECT Overage means and refer to a situation in which the electricity consumption in the Premises exceeds the Electricity Consumption Threshold.
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ECT Overage means and refer to a situation in which the electricity consumption in any Suite exceeds the Electricity Consumption Threshold for such Suite.
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ECT Overage means any time when the electricity consumption in the Rack Accomodation exceeds the Electricity Consumption Threshold;
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Examples of ECT Overage in a sentence

  • The Customer’s failure to remedy an ECT Overage within 24 hours after its receipt of an ECT Default Notice shall be considered a breach of the Data Centre Rules and Regulations.

  • In the event of an ECT Overage, the Customer agrees to take immediate action upon receipt of notice of such ECT Overage from SAS to power down items of equipment in the Rack Accomodation in order to cause power consumption in the Rack Accomodation to be at or below the Electricity Consumption Threshold.

  • This includes the phase in which the study protocol interferes with the standard medical treatment given to a patient (e.g. treatment withdrawal during screening phase, change in treatment to a fixed dose of concomitant medication).

  • A primary objective for the Delta outflows was to provide enough Delta outflow to maintain X2 westward of 65 km (40 mi) from the Golden Gate Bridge, with variations to allow eastward excursion of X2 as far as 80 km (50 mi) in drier water year types to limit the proliferation of the overbite clam.

  • Additionally, in the event that the electricity consumption in the Colocation Premises does exceed the Electricity Consumption Threshold (each such event, an “ECT Overage”), Grantee agrees to take immediate action (regardless of whether Grantee has received notice of such ECT Overage from Grantor) to power down items of equipment in the Grantee Space in order to cause power consumption in the Colocation Premises to be at or below the Electricity Consumption Threshold.

  • Section 15.1.2, above, notwithstanding, it shall be an Event of Default by Tenant (i) if Tenant fails to remedy* an ECT Overage within one hundred twenty (120) hours after its receipt of an ECT Default Notice, and/or (ii) if three (3) separate and distinct ECT Overages occur in any rolling thirty (30) day period.

  • In the event that the electricity consumption in the Premises does exceed the Electricity Consumption Threshold (each such event, an “ECT Overage”), Tenant agrees to take immediate action (after Tenant has received notice of such ECT Overage from Landlord) to power down items of equipment in the Tenant Space in order to cause power consumption in the Premises to be at or below the Electricity Consumption Threshold.

  • Additionally, in the event that (i) Tenant receives a notice from Landlord related to any ECT Overage, and(ii) Tenant has not remedied such ECT Overage within seventy-two (72) hours after its receipt of such notice from Landlord, then Landlord may deliver to Tenant a notice (an “ECT Default Notice”) of such default.

  • Additionally, in the event that (i) Grantee receives a notice from Grantor related to any ECT Overage, and (ii) Grantee has not remedied such ECT Overage within seventy-two (72) hours after its receipt of such notice from Grantor (or, in the event that, despite Grantee’s attempt at remedying the ECT Overage, Grantee exceeds the Electricity Consumption Threshold three (3) times in any thirty (30) day period), then such occurrence shall be deemed to be an Event of Default hereunder.

Related to ECT Overage

  • Cost Overrun means an obligation exceeding the maxi- mum capital expenditure authorized by an approval.

  • Environmental Defect Value means, with respect to any Environmental Defect, the value, as of the Closing Date, of the estimated costs and expenses to correct such Environmental Defect in the most cost-effective manner reasonably available, consistent with Environmental Laws, taking into account that non-permanent remedies (such as mechanisms to contain or stabilize hazardous materials, including monitoring site conditions, natural attenuation, risk-based corrective action, institutional controls or other appropriate restrictions on the use of property, caps, dikes, encapsulation, leachate collection systems, etc.) may be the most cost-effective manner reasonably available.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.

  • Debt Service Coverage means that for every $1.00 of debt service required to be paid there must be $1.15 of Net Operating Income available. A worksheet for the calculation of Debt Service Coverage is found in the Report of Operations attached hereto as Exhibit "H" and incorporated herein by this reference.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Default Costs means reasonable attorney's fees and remarketing costs resulting from a Lessee default or Lessor's enforcement of its remedies. DELIVERY DATE - means date of delivery of Inventory Equipment to Lessee's address.

  • Environmental Defect Notice shall have the meaning set forth in Section 12.1(a).

  • Approved Operating Expenses means Operating Expenses incurred by Borrower or by any Manager on Borrower’s behalf (excluding any Restricted Payments) which (i) are included in the Approved Annual Budget for the current calendar month, (ii) are for real estate taxes, insurance premiums, electric, gas, oil, water, sewer or other utility service to the Properties, (iii) are for Management Fees, or (iv) have been approved in writing by Lender as Approved Operating Expenses; provided, however, that Approved Operating Expenses shall also include, for any calendar month in which Operating Expenses exceed the Monthly Operating Expense Budgeted Amount, the amount of such excess Operating Expenses up to and not to exceed ten percent (10%) of the Monthly Operating Expense Budgeted Amount for such calendar month as to which Borrower provides to Lender a reasonably detailed explanation of the reasons for and expenditures resulting in Operating Expenses exceeding the Monthly Operating Expense Amount.

  • Total Project Costs means the total amount of money required to complete the Project.

  • Environmental Defect means, with respect to any given Asset, a material violation of Environmental Laws in effect as of the Effective Time in the jurisdiction in which such Asset is located.

  • Net operating loss means a loss incurred by a person in the operation of a trade or business. "Net operating loss" does not include unutilized losses resulting from basis limitations, at-risk limitations, or passive activity loss limitations.

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Substantial Completion Date means the date on which Substantial Completion occurs.

  • Minimum Essential Coverage has the meaning given in the Affordable Care Act, 26 U.S.C. §5000A(f).

  • Public improvement costs means the costs of:

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Independent expenditure means an expenditure by a person:

  • Qualified Project Costs shall have the meaning given to it in the Regulatory Agreement.

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • Net Insurance/Condemnation Proceeds means an amount equal to: (a) any Cash payment or proceeds (including Cash Equivalents) received by the Borrower or any of its Restricted Subsidiaries (i) under any casualty insurance policy in respect of a covered loss thereunder of any assets of the Borrower or any of its Restricted Subsidiaries or (ii) as a result of the taking of any assets of the Borrower or any of its Restricted Subsidiaries by any Person pursuant to the power of eminent domain, condemnation, expropriation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (b) (i) any actual out-of-pocket costs incurred by the Borrower or any of its Restricted Subsidiaries in connection with the adjustment, settlement or collection of any claims of the Borrower or the relevant Restricted Subsidiary in respect thereof, (ii) payment of the outstanding principal amount of, premium or penalty, if any, and interest and other amounts on any Indebtedness (other than the Loans, Indebtedness outstanding with respect to the Second Lien Term Loans and any Indebtedness secured by a Lien on the Collateral that is pari passu with or expressly subordinated to the Lien on the Collateral securing any Secured Obligation) that is secured by a Lien on the assets in question and that is required to be repaid or otherwise comes due under the terms thereof as a result of such loss, taking or sale, (iii) in the case of a taking, the reasonable out-of-pocket costs of putting any affected property in a safe and secure position, (iv) any selling costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, transfer and similar Taxes and the Borrower’s good faith estimate of income or other Taxes paid or payable (including pursuant to Tax sharing arrangements or any Tax distribution)) in connection with any sale or taking of such assets as described in clause (a) of this definition, (v) any amounts provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustments associated with any sale or taking of such assets as referred to in clause (a) of this definition (provided that to the extent and at the time any such amounts are released from such reserve (other than in connection with a payment in respect of such liability), such amounts shall constitute Net Insurance/Condemnation Proceeds) and (vi) the pro rata portion of such Net Insurance/Condemnation Proceeds (calculated without regard to this clause vi) attributable to minority interests and not available for distribution to or for the account of the Borrower and the Restricted Subsidiaries as a result thereof.