Examples of Final Installed Capacity in a sentence
Capacity Notice shall be accompanied by a Directors’ Certificate in relation to the information contained in, and enclosed with, the Final Installed Capacity Notice.
If Buyer exercises such option, the Additional Qualifying Nameplate Capacity shall thereafter be included in the Final Installed Capacity and the definition of “Facility” for all purposes of this Agreement and Seller shall sell, and Buyer shall purchase, all the Net Energy generated or associated with such Additional Qualifying Nameplate Capacity in accordance with the terms of this Agreement.
Where inventories are acquired at no cost, or for nominal consideration, cost is determined as the current replacement cost as at the date of acquisition.
More information about installed capacity can be found in the Low Carbon Contracts Company’s Installed Capacity and Final Installed Capacity Guidance (PDF, 642KB).
In such event and within seven (7) Business Days of the Buy Down Date, Seller shall pay to Buyer liquidated damages (the “Buy Down Payment”) in an amount equal to (i) the Nameplate Capacity, minus the Final Installed Capacity in MW-AC, multiplied by (ii) Three Hundred Thousand dollars ($300,000).
If the Final Installed Capacity is equal to, or greater than, 100MW this figure is calculated as follows: OLR Application Capacity / Number of BPPAs Where the number of BPPA is equal to: (OLR Application Capacity / 100) x 3 / 2, rounded to the nearest whole number as follows.
If Buyer exercises such option, the Additional Qualifying Nameplate Capacity shall thereafter be included in the Final Installed Capacity and the definition of "Facility" for all purposes of this Agreement and Seller shall sell, and Buyer shall purchase, all the Net Energy generated or associated with such Additional Qualifying Nameplate Capacity in accordance with the terms of this Agreement.
Upon Seller's payment of the Buy Down Payment, the Contract Quantities and Guaranteed Energy Production requirements for each Contract Year shall be reduced pro rata based upon the Final Installed Capacity as of the Buy Down Date.
The LCHA Production Cap will then be readjusted once the Final Installed Capacity is determined (see item 2.6 (Longstop Date Required Installed Capacity)).
If Buyer exercises such option, the Additional Qualifying Nameplate Capacity shall thereafter be included in the Final Installed Capacity and the definition of"Facility" for all purposes of this Agreement and Seller shall sell, and Buyer shall purchase, all the Net Energy generated or associated with such Additional Qualifying Nameplate Capacity in accordance with the terms of this Agreement.