Guaranteed Production definition
Guaranteed Production means an amount of Renewable Energy Credits Delivered by Seller to Buyer, as measured in MWh, equal to the product of (x) and (y), where (x) is ninety percent (90%) of the Contract Quantity, and (y) is the difference between (I) and (II), with the resulting difference divided by (I), where (I) is the number of hours in the applicable Performance Measurement Period and (II) is the aggregate number of Seller Excuse Hours in the applicable Performance Measurement Period. Guaranteed Production is described by the following formula: Guaranteed Production = (90% * Contract Quantity in MWh) * [(Hrs in Performance Measurement Period – Seller Excuse Hrs) / Hrs in Performance Measurement Period]
Guaranteed Production has the meaning set forth in Section 2.3(c).
Guaranteed Production means an amount of Renewable Energy Credits Delivered by Buyer to Seller, as measured in MWh, equal to the product of (x) and (y), where (x) is one hundred sixty percent (160%) of the Contract Quantity [Photovoltaic facilities only to use the then-applicable Contact Quantities for the Performance Measurement Period], and (y) is the difference between (I) and (II), with the resulting difference divided by (I), where (I) is the number of hours in the applicable Performance Measurement Period and (II) is the aggregate number of Seller Excuse Hours in the applicable Performance Measurement Period. Guaranteed Production is described by the following formula: Guaranteed Production = (160% * Contract Quantity in MWh) * [(Hrs in Performance Measurement Period – Seller Excuse Hrs) / Hrs in Performance Measurement Period]
Examples of Guaranteed Production in a sentence
Seller shall be excused from achieving the Guaranteed Production for the applicable time period during Seller Excuse Hours.
As-Available facilities] Throughout the Delivery Term, Seller shall be required to Deliver to Buyer no less than the Guaranteed Production over two (2) consecutive Contract Years during the Delivery Term (“Performance Measurement Period”).
If Agricorp finds that you planted fewer acres than you reported, we will reduce the Guaranteed Production that was originally calculated, but may not reduce the Premium.
A benchmark yield determined by Agricorp that we use to calculate your Guaranteed Production.
We may use this information to revise planted Acreage, Guaranteed Production, Harvested Production, Premium charged, Indemnity paid, or other provisions of the Policy.
More Definitions of Guaranteed Production
Guaranteed Production is defined in Section 5.01.”
Guaranteed Production. (or “GP”) means an amount of Renewable Energy Credits Delivered by Seller to Buyer, as measured in MWh, equal to the product of (x) and (y), where (x) is one hundred sixty percent (160%) of the Contract Quantity [Photovoltaic facilities only to use the then-applicable Contact Quantities for the Performance Measurement Period], and (y) is the difference between (I) and (II), with the resulting difference divided by (I), where (I) is the number of hours in the applicable Performance Measurement Period and (II) is the aggregate number of Seller Excuse Hours in the applicable Performance Measurement Period. Guaranteed Production is described by the following formula: Guaranteed Production = (160% × Contract Quantity in MWh) × [(Hrs in Performance Measurement Period – Seller Excuse Hrs) / Hrs in Performance Measurement Period]
Guaranteed Production means, for each respective Guarantee Period, the gross amount of kWh set forth in Schedule 1, which reflects eighty-five percent (85%) of the corresponding Forecast Production for Guarantee Period, which shall be adjusted for each Guarantee Period by the Weather Adjustment.
Guaranteed Production or “GP” has the meaning set forth in Section 2.3(c).
Guaranteed Production shall have the meaning set forth in Exhibit 1.
Guaranteed Production means the final average yield multiplied by the chosen coverage level less any applicable deductible.
Guaranteed Production has the meaning set forth in Sections 2.1 and 4.8.