Guaranteed Efficiency Rate definition

Guaranteed Efficiency Rate means the guaranteed Efficiency Rate of the Storage Facility throughout the Delivery Term, as set forth on the Cover Sheet.

Guaranteed Efficiency Rate means the minimum guaranteed Efficiency Rate of the Facility in each Contract Year of the Delivery Term, as set forth on the Cover Sheet.

Guaranteed Efficiency Rate means the minimum guaranteed Efficiency Rate of the Storage Facility throughout the Delivery Term, as set forth on the Cover Sheet.

Examples of Guaranteed Efficiency Rate in a sentence

• Seller will operate and maintain the Project so as to achieve the Minimum Guaranteed Availability, the Guaranteed Efficiency Rate, Guaranteed Start-Up Time, and Guaranteed Ramp Rate in accordance with the provisions of Appendix 7.6 (collectively, the “Performance Guarantees”).

• In any event of a drop in the in the Guaranteed Efficiency Rate or the Accepted Efficiency Rate, MWC shall be entitled to liquidated damages, all as defined in Appendix I (Efficiency Drop Rebate).

• Xxxxx’s sole remedy for an Efficiency Rate that is less than the Guaranteed Efficiency Rate is Seller’s payment of liquidated damages pursuant to Section (f) of Exhibit C.

• Test Energy is compensated in accordance with Section 3.6. Liquidated Damages for Failure to Achieve Guaranteed Efficiency Rate.

• The Guaranteed Capacity Availability and Guaranteed Efficiency Rate are collectively the “Performance Guarantees”.

• If during any month during the Delivery Term, the Efficiency Rate for such month is less than the Guaranteed Efficiency Rate, Seller shall owe liquidated damages to Buyer, which damages shall be calculated by multiplying (i) the total Charging Energy for such month, by (ii) the percentage amount by which the Efficiency Rate is less than the Guaranteed Efficiency Rate, by (iii) the Renewable Rate.

• MW [Guaranteed Storage Capacity: ___ MW Guaranteed Storage Availability: 97.0% Guaranteed Efficiency Rate: ___% Minimum Efficiency Rate: 75.0%]2 Contract Price: The Renewable Rate shall be determined hourly within each day of the Delivery Term as follows: Bonus Incentives paid for the first five (5) Contract Years shall be: ☐ EnviroStor Xxxxxxxxxx: $10.00/MWh ☐ Previously Developed Site: $5.00/MWh ☐ Local Business: $5.00/MWh [The Capacity Rate shall be: $7.00/kW-mo.

• The measured Efficiency Rate is greater than or equal to the Guaranteed Efficiency Rate.

More Definitions of Guaranteed Efficiency Rate

Guaranteed Efficiency Rate means the Guaranteed Efficiency Rate as set forth with Appendix 7.6.

Guaranteed Efficiency Rate means, for each Contract Year, the minimum guaranteed Efficiency Rate of the Facility for such Contract Year as set forth on the Cover Sheet.

Guaranteed Efficiency Rate means the percentage specified on the Cover Sheet.]15

Guaranteed Efficiency Rate means the percentage specified on the Cover Sheet.]15 [“Guaranteed Storage Availability” has the meaning set forth in Section 4.10.]16 “Imbalance Energy” means the amount of energy in MWh, in any given Settlement Period or Settlement Interval, by which the amount of Facility Energy deviates from the amount of Scheduled Energy.

Guaranteed Efficiency Rate means the percentage specified on the Cover Sheet.]17 [“Guaranteed Storage Availability” has the meaning set forth in Section 4.10.]18 “Guarantor” means, with respect to Seller, any Person that (a) does not already have any material credit exposure to Buyer under any other agreements, guarantees, or other arrangements at the time its Guaranty is issued, (b) is an Affiliate of Seller, or other third party reasonably acceptable to Buyer, (c) has a Credit Rating of BBB- or better from S&P or a Credit Rating of Baa3 or better from Moody’s, (d) has a tangible net worth of at least One Hundred Million Dollars ($100,000,000), (e) is incorporated or organized in a jurisdiction of the United States and is in good standing in such jurisdiction, and (f) executes and delivers a Guaranty for the benefit of 17 Applicable if the Facility includes a Storage Facility.