Excess ZRCs definition

Excess ZRCs has the meaning specified in Section 3.11(a).
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Excess ZRCs in Section 1.1 would become “Replacement Equivalent ZRCs” and “Excess Equivalent ZRCs,” respectively. this Section 3.11(a) by providing ZRCs sourced from resource(s) other than the Facility (“Replacement ZRCs”), Seller may retain any ZRCs awarded for such Planning Year with respect to the Facility up to the amount of Replacement ZRCs so provided to Buyer; provided, further, that, for the avoidance of doubt, if Seller receives any ZRCs so awarded with respect to the Facility in an amount greater than the amount of Replacement ZRCs transferred to Buyer pursuant to this Section 3.11(a) (such excess ZRCs, “Excess ZRCs”), Seller shall immediately notify Buyer and, at Buyer’s option, either (I) transfer to Buyer custody of and title to (or, if not possible, the benefit of, as directed by Buyer) such quantity of Excess ZRCs or an equal amount of ZRCs sourced from resource(s) other than the Facility as soon as reasonably possible, but in no event later than three
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Excess ZRCs in Section 1.1 would become “Replacement Equivalent ZRCs” and “Excess Equivalent ZRCs,” respectively. for such Planning Year if the Delivery Term Commencement Date had occurred (with the Facility achieving Commercial Operation at the Expected Capacity and Storage Expected Capacity) by the deadline for submission of the Facility into the Planning Resource Auction and the Facility was properly submitted into such auction according to Section 4.2, then Seller shall transfer to Buyer custody of and title to (or, if not possible, the benefit of, as directed by Buyer) such quantity of ZRCs no later than ten (10) Days prior to the commencement of the Planning Resource Auction applicable to such Planning Year; provided, however, that, notwithstanding anything to the contrary in Section 4.2, if Seller satisfies its obligation to provide such ZRCs to Buyer pursuant to this Section 3.11(a) by providing ZRCs sourced from resource(s) other than the Facility (“Replacement ZRCs”), Seller may retain any ZRCs awarded for such Planning Year with respect to the Facility, up to the amount of Replacement ZRCs so provided to Buyer; provided, further, that, for the avoidance of doubt, if Seller receives any ZRCs so awarded with respect to the Facility in an amount greater than the amount of Replacement ZRCs transferred to Buyer pursuant to this Section 3.11(a) (such excess ZRCs, “Excess ZRCs”), Seller shall immediately notify Buyer and, at Buyer’s option, either (I) transfer to Buyer custody of and title to (or, if not possible, the benefit of, as directed by Xxxxx) such quantity of Excess ZRCs or an equal amount of ZRCs sourced from resource(s) other than the Facility as soon as reasonably possible, but in no event later than three
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More Definitions of Excess ZRCs

Excess ZRCs in Section 1.1 would become “Replacement Equivalent ZRCs” and “Excess Equivalent ZRCs,” respectively. that, for the avoidance of doubt, if Seller receives any ZRCs so awarded with respect to the Facility in an amount greater than the amount of Replacement ZRCs transferred to Buyer pursuant to this Section 3.11(a) (such excess ZRCs, “Excess ZRCs”), Seller shall immediately notify Buyer and, at Buyer’s option, either (I) transfer to Buyer custody of and title to (or, if not possible, the benefit of, as directed by Xxxxx) such quantity of Excess ZRCs or an equal amount of ZRCs sourced from resource(s) other than the Facility as soon as reasonably possible, but in no event later than three
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Related to Excess ZRCs

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Excess means an amount of money paid in a calendar year towards the cost of each hospital episode of care up to an annual maximum before fund benefits are payable.

  • Excess Contribution means a contribution that exceeds the

  • Excess Amount has the meaning set forth in Section 13.

  • Excess Cash Flow means, for any period, an amount equal to:

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.

  • Excess Cash shall have the meaning set forth in Section 2.11(d).