Firm Capacity Reservation definition

Firm Capacity Reservation means the maximum volume of a SUMF Item to be supplied under this Agreement as specified in Schedule 2;
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Firm Capacity Reservation means the maximum aggregate volume of a SUMF Item to be supplied to the Resins and Versatics businesses, both owned by Purchaser as of the Effective Date, under this Agreement as specified in SCHEDULE 2;
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Firm Capacity Reservation means the maximum volume of a SUMF Item to be supplied under this Agreement as specified in Schedule 3.4;
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Examples of Firm Capacity Reservation in a sentence

  • Except as otherwise provided in Schedule 2, the Purchaser shall purchase the amounts of each SUMF Item up to its Firm Capacity Reservation until termination of the supply of such SUMF Item in accordance with the provisions of this Agreement or the relevant Schedule.

  • Subject to Articles 10.10 and 10.11 any termination of this Agreement, in whole or in part, including the termination of the supply of an individual SUMF Item and any reduction in the Purchaser's Firm Capacity Reservation for a SUMF Item, shall be final.

  • Except as otherwise provided in this Agreement, the Purchaser may purchase the amounts of each SUMF Item up to its Firm Capacity Reservation until termination of the supply of such SUMF Item in accordance with the provisions of this Agreement or the relevant Schedule.

  • Utilities and auxiliaries will be charged on the basis of a tariff which consists of: • a variable component, linked to actual consumption, • a fixed component (“Fixed Component”), consisting of a unit cost linked to Purchaser’s Budgeted Consumption; it includes fixed cost for operation and maintenance and depreciation on net book value, • an annual fee (“User Charge”) based on Purchaser’s Firm Capacity Reservation.

  • Charges for the services will be based on recovery of Shell’s actual costs, including depreciation and capital charge according to Schedule 3, with allocation based on the Firm Capacity Reservation for storage area.

  • Except as otherwise provided in Article 4.4 and Schedule 3.1, Hexion may purchase the amounts of each SUMF Item set forth in Schedule 3.1 up to its Firm Capacity Reservation from Shell until termination of such SUMF Item in accordance with the provisions of this Agreement.

  • Except as otherwise provided in Section 3.5 and SCHEDULE 3.2, Shell may purchase the amounts of each SUMF Item set forth in SCHEDULE 3.2 up to its Firm Capacity Reservation from the Company until termination of such SUMF Item in accordance with the provisions of this Agreement.

  • Except as otherwise provided in Article 4.4 and Schedule 3.2, Shell may purchase the amounts of each SUMF Item set forth in Schedule 3.2 up to its Firm Capacity Reservation from Hexion until termination of such SUMF Item in accordance with the provisions of this Agreement.

  • Except as otherwise provided in Section 3.5 and SCHEDULE 3.1, the Company may purchase the amounts of each SUMF Item set forth in SCHEDULE 3.1 up to its Firm Capacity Reservation from Shell until termination of such SUMF Item in accordance with the provisions of this Agreement.

  • Termination cost (i.e. disconnection cost and redundancy cost, as the case may be) associated with the reduction of the Firm Capacity Reservation for a SUMF Item will be dealt with as if such SUMF Item were terminated and the provisions of Article 10.8 and Article 10.9 shall apply thereto.


More Definitions of Firm Capacity Reservation

Firm Capacity Reservation means the maximum volume of a SUMF Item to be supplied under this Agreement as specified in Schedule 2; “First Operating Year” means the period from the Effective Date until the following 31st December;
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Firm Capacity Reservation means the maximum volume of a SUMF Item to be supplied to the Purchaser under this Agreement as specified in the appropriate Schedules for the relevant SUMF Item; “Fixed Operating Costs” means Direct Site Costs and Overheads; “Force Majeure” has the meaning given to this term in Article 18.4; “Gross Negligence” means a failure to perform a duty of care in reckless disregard of the reasonably foreseeable consequences (as distinguished from a mere failure to exercise ordinary care) which affect the life or property of another; “Hexion Facilities” means the BPA, Liquid EPON Resins, Solid EPON Resins and ECH dock tanks situated at the Deer Park Site and the associated assets, facilities and rights; “HSSE” means safety, security, occupational health, and environmental protection; “Indemnified Party” means a Party and its Affiliates and their respective officers, directors, employees, agents, successors, and permitted assigns that are entitled to be indemnified by Indemnifying Party as further set out in Article 9; “Indemnifying Party” means a Party that is indemnifying the Indemnified Party as further set out in Article 9; “Infrastructure Charge” means the charge related to infrastructure used to provide SUMF Items which is a charge in lieu of depreciation and maintenance capital on existing SUMF assets, without prejudice to Article 13; “Inflation Rate” shall for a given yearly period equal the following fraction (rounded to the fourth decimal place): (x) the numerator shall equal the average Published Inflation Index for the calendar year preceding the commencement of such yearly period, and (y) the denominator which shall equal the average Published Inflation Index of the calendar year preceding that for the numerator described above (i.e. for a yearly period commencing April 1, 1999, the numerator would have equaled 389.5 (the average Published Inflation Index for 1998); “Intangible assets” include capitalized software and intellectual property (for example trademarks, patents or franchises) and other identifiable intangible items, for example arising from contractual or legal rights, and goodwill arising on business combinations; “Inter-Bank Offered Rate” means a percentage equal to the rate specified in Exhibit A; “Interest Rate” means a percentage equal to the Inter-Bank Offered Rate specified in Exhibit A plus one point five percent (1.5%) p.a.; “Legal Requirements” means all applicable federal, state and local laws, regulations, rules, ordinances, codes...
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Firm Capacity Reservation means the maximum volume of a SUMF Item to be supplied to the Purchaser under this Agreement as specified in the appropriate
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Related to Firm Capacity Reservation

  • firm capacity means Natural Gas transmission Capacity contractually guaranteed as uninterruptible by the TSO according to this Agreement.

  • Generation Capacity Resource shall have the meaning specified in the Reliability Assurance Agreement.

  • Planned Financed Generation Capacity Resource means a Planned Generation Capacity Resource that, prior to August 7, 2015, has an effective Interconnection Service Agreement and has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close.

  • Capacity Market Buyer means a Member that submits bids to buy Capacity Resources in any Incremental Auction.

  • Idle capacity means the unused capacity of partially used facilities. It is the difference between: (a) that which a facility could achieve under 100 percent operating time on a one-shift basis less operating interruptions resulting from time lost for repairs, setups, unsatisfactory materials, and other normal delays; and (b) the extent to which the facility was actually used to meet demands during the accounting period. A multi-shift basis should be used if it can be shown that this amount of usage would normally be expected for the type of facility involved.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Nameplate Capacity Rating means the maximum capacity of the Facility as stated by the manufacturer, expressed in kW, which shall not exceed 10,000 kW.

  • Ramping Capability means the sustained rate of change of generator output, in megawatts per minute.

  • Available RP Capacity Amount means (i) the amount of Restricted Payments that may be made at the time of determination pursuant to Sections 7.06(d), (g), (h) and (l) minus (ii) the sum of the amount of the Available RP Capacity Amount utilized by the Borrower or any Restricted Subsidiary to (A) make Restricted Payments in reliance on Sections 7.06 (g), (h) or (l), (B) incur Liens pursuant to Section 7.01(bb), (C) make Investments pursuant to Section 7.02(n), (D) incur Indebtedness pursuant to Section 7.03(y) and (E) make prepayments, redemptions, purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled maturity utilizing the Available RP Capacity Amount pursuant to Section 7.13 plus (iii) the aggregate principal amount of Indebtedness prepaid prior to or substantially concurrently at such time, solely to the extent such Indebtedness (A) was secured by Liens pursuant to Section 7.01(bb) or (B) was incurred pursuant to Section 7.03(y) and not secured pursuant to Section 7.01(bb) (it being understood that the amount under this clause (iii) shall only be available for use under Sections 7.01(bb) and/or 7.03(y), as applicable).

  • Wastewater treatment tank means a tank that is designed to receive and treat an influent wastewater through physical, chemical, or biological methods.

  • Base Capacity Resource means a Capacity Resource as described in Tariff, Attachment DD, section 5.5A(b).

  • Project Capacity means the AC capacity of the project at the generating terminal(s) and to be contracted with MSEDCL for supply from the Solar Power Project.

  • Licensed capacity means the number of children the Department has determined the day care home can care for at any one time in addition to any children living in the home who are under the age of 12 years. Children age 12 and over on the premises are not considered in determining licensed capacity.

  • Reserved Capacity means the maximum amount of capacity and energy that the Transmission Provider agrees to transmit for the Transmission Customer over the Transmission Provider’s Transmission System between the Point(s) of Receipt and the Point(s) of Delivery under Tariff, Part II. Reserved Capacity shall be expressed in terms of whole megawatts on a sixty (60) minute interval (commencing on the clock hour) basis.

  • Available Capacity means the capacity from the Project, expressed in whole megawatts, that is available to generate Product. [For As-Available Product facilities only]

  • PJM Region shall have the meaning specified in the Operating Agreement. “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter.

  • Excess capacity means volume or capacity in a duct, conduit, or support structure other than a utility pole or anchor which can be used, pursuant to the orders and regulations of the Commission, for a pole attachment.

  • New Capacity means a new Generator, a substantial addition to the capacity of an existing Generator, or the reactivation of all or a portion of a Generator that has been out of service for five years or more that commences commercial service after the effective date of this definition. For purposes of Section 23.4.5 of this Attachment H, “Offer Floor” for a Mitigated Capacity Zone Installed Capacity Supplier that is not a Special Case Resource shall mean the lesser of (i) a numerical value equal to 75% of the Mitigation Net CONE translated into a seasonally adjusted monthly UCAP value (“Mitigation Net CONE Offer Floor”), or (ii) the numerical value that is the first year value of the Unit Net CONE determined as specified in Section 23.4.5.7, translated into a seasonally adjusted monthly UCAP value using an appropriate class outage rate, (“Unit Net CONE Offer Floor”). The Offer Floor for a Mitigated Capacity Zone Installed Capacity Supplier that is a Special Case Resource shall mean a numerical value determined as specified in Section 23.4.5.7.5. The Offer Floor for Additional CRIS MW shall mean a numerical value determined as specified in Section 23.4.5.7.6. For the purposes of Section 23.4.5 of this Attachment H, “Non-Qualifying Entry Sponsors” shall mean a Transmission Owner, Public Power Entity, or any other entity with a Transmission District in the NYCA, or an agency or instrumentality of New York State or a political subdivision thereof.

  • Design capacity means the volume of a containment feature at a discharging facility that accommodates all permitted flows and meets all Aquifer Protection Permit conditions, including allowances for appropriate peaking and safety factors to ensure sustained, reliable operation.

  • Base Capacity Resource Price Decrement means, for the 2018/2019 and 2019/2020 Delivery Years, a difference between the clearing price for Base Capacity Resources and the clearing price for Capacity Performance Resources, representing the cost to procure additional Capacity Performance Resources out of merit order when the Base Capacity Resource Constraint is binding.

  • Nameplate Capacity means the maximum electrical generating output (in MWe) that a generator can sustain over a specified period of time when not restricted by seasonal or other deratings as measured in accordance with the United States Department of Energy standards.

  • Storage Capacity means any combination of space, injectability and deliverability.

  • Potential electrical output capacity means, with regard to a unit, 33 per- cent of the maximum design heat input of the unit.

  • Contract Capacity has the meaning set forth in Section 3.1(f).

  • Wastewater treatment facility means a treatment works, as

  • Contracted Capacity means the capacity (in MW AC) contracted with MSEDCL for supply by the successful bidder at the Delivery Point from the Solar Power Project.