Guaranteed Efficiency Rate definition

Guaranteed Efficiency Rate means the minimum guaranteed Efficiency Rate of the Storage Facility throughout the Delivery Term, as set forth on the Cover Sheet.
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Guaranteed Efficiency Rate means the Guaranteed Efficiency Rate as set forth with Appendix 7.6.
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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.
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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).

  • 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.

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


More Definitions of Guaranteed Efficiency Rate

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.
Sample 1Sample 2
Guaranteed Efficiency Rate means the guaranteed Efficiency Rate of the Facility throughout the Delivery Term, as set forth on the Cover Sheet.
Sample 1
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.
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Related to Guaranteed Efficiency Rate

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Indebtedness as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.