Examples of GPR Benchmark in a sentence
For the period commencing with the first Day of the calendar month following the issuance of the Initial OEPR through the end of the calendar month during which the first Subsequent OEPR is issued, the GPR Benchmark shall be calculated using the supporting data (plane of array irradiance and corresponding power output)relied upon in arriving at the Initial OEPR's NEP OEPR Estimate and the Measured Performance Ratio formula in Section 2.6(a)(ii) of this Agreement.
Within 30 Days of Company's receipt of each Subsequent OEPR, Company shall either (i) provide written notice to Seller of the GPR Benchmark derived as aforesaid or (ii) if Company is unable to reasonably derive a GPR Benchmark as aforesaid, deliver a written request to the OEPR Evaluator (with a copy to Seller) that such OEPR Evaluator issue, within 30 Days, a written clarification of such Subsequent OEPR specifying the GPR Benchmark.
Seller shall design, operate and maintain the Facility in a manner consistent with the standard of care reasonably expected of an experienced owner/operator with the desire and financial resources necessary to design, operate and maintain the Facility to achieve the Availability Benchmark and the GPR Benchmark.
For avoidance of doubt, because the Measured Performance Ratio is calculated over an LD Period of 12 calendar months, the first month for which liquidated damages may be assessed under this Section 2.6(c) (GPR Benchmark and Liquidated Damages) would be the last calendar month of the initial Contract Year.
For each LD Period, Seller shall achieve a Measured Performance Ratio, as calculated as provided in Section 2.6(a) (Calculation of Measured Performance Ratio) of this Agreement, of not less than 95% the GPR Benchmark as adjusted by the degradation factor set forth below.
If Seller fails to provide such notice within such 30-Day period, the GPR Benchmark designated in Company's written notice shall be deemed to be accepted by Seller and shall no longer be subject to dispute by Company or Seller.
Together with such notice of disagreement ("Notice of GPR Benchmark Disagreement"), the Seller shall include its own calculation and other support for its position.
Any disagreement over the determination of the GPR Benchmark shall be resolved as set forth in Section 2 (Disagreements Concerning Availability Factor, GPR Benchmark and Measured Production Ratio) of Attachment T (Monthly Reporting and Dispute Resolution by Independent AF Evaluator) to this Agreement.
Within 30 Days of Company's receipt of the IE Energy Assessment Report together with the aforementioned supporting data, Company shall provide written notice to Seller of either (aa) the GPR Benchmark derived from such supporting data or (bb) Company's inability to reasonably derive a GPR Benchmark from such supporting data, in which case the GPR Benchmark shall be 0.9.
The lower end of the aforementioned bandwidth consists of and includes the product of the GPR Benchmark, the applicable degradation factor (DF), and 80%.