Guaranteed Level definition

Guaranteed Level means the quality [and quantity ]of Untreated Wastewater/Effluent to be provided to the Supplier by the Purchaser as set out in the Technical Specification. [Note: Technical Specification should specify a maximum and a minimum.]

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Guaranteed Level means 95% of weather normalized expected performance as calculated by the IEER associated with the installed DAS and related peripheral equipment. Specifically, EPC Contractor will install an irradiance sensor along with the DAS as the basis for the IEER calculation.

Guaranteed Level means ninety-five percent (95%) of the Expected Energy for a Guarantee Year for specified Solar PV System(s). Guarantee Year means each successive 12-month period during the Term commencing on the first day of the Term. Kilowatt-hour or kWh means electrical energy expressed in kilowatt-hours and recorded from the kWh interval records of the Revenue Meter.

Examples of Guaranteed Level in a sentence

• Provider guarantees to Customer that the Actual Generation of the System during any Guarantee Year, subject to the limitations, terms and conditions stated in this Guarantee shall not be less than the Guaranteed Level.

• Any such reduction to the Guaranteed Level shall be calculated on an hourly basis based on the average generation on the applicable day or days when the generation loss occurs.

• Guaranteed Level means 90% of weather normalized expected performance as calculated by the IEER associated with the installed DAS and related peripheral equipment.

• The Parties agree that the Performance Guarantee Damages are a fair and reasonable determination of the amount of actual damages that would be suffered by the Client for the EPC Contractor’s failure to meet the Guaranteed Level, and the Parties agree that these liquidated damages do not constitute a penalty.

• The Parties agree that it would be extremely difficult to precisely determine the amount of actual damages that would be suffered by the Client in the event that the EPC Contractor fails to achieve the Guaranteed Level.

• For the Guarantee Period, the EPC Contractor covenants that the Actual Generation shall not be less than the Guaranteed Level.

• The Parties agree that the Performance Guarantee Damages are a fair and reasonable determination of the amount of actual damages that would be suffered by Client for EPC Contractor’s failure to meet the Guaranteed Level, and the Parties agree that these liquidated damages do not constitute a penalty.

• Provider guarantees to Customer that the Actual Generation of the Solar PV System during the True-Up Period, subject to the limitations, terms and conditions stated in the Master Contract, into which this Performance Guarantee Standard Terms (“PeGu”) is incorporated, shall be not less than the product of the Guaranteed Level and the Expected Energy, as adjusted for measured metrological conditions set forth in the “Guaranteed Output Calculations” as incorporated into the NTP for each Site.

• The Parties agree that it would be extremely difficult to precisely determine the amount of actual damages that would be suffered by Client in the event that EPC Contractor fails to achieve the Guaranteed Level.

• If the Actual Generation is less than the Guaranteed Level, then the EPC Contractor shall pay to the Client as liquidated damages and not as a penalty, an amount (“Performance Guarantee Damages”) equal to the shortfall in kWh (“Performance Shortfall”) multiplied by [ ]9.

More Definitions of Guaranteed Level

Guaranteed Level means 95% of the Expected Annual Energy Output for the System for a Guarantee Year.

Guaranteed Level has the meaning set forth in Exhibit B.

Guaranteed Level or “GL” shall mean the guaranteed level of NEO, which shall be equal to the lesser of (i) 95% and (ii) 100% minus the percentage for average uncertainty for the Nominated Wind Turbines as calculated in accordance with the Measurement Test Standards.