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.

• Given a cluster C and a splitting test h that will result in two disjoint sub clusters C1 and C2 of C, a distance d(p(C1), p(C2)) is computed.

• To the extent that Actual Annual Production for the Contract Year is less than the Guaranteed Production for that same Contract Year (except to the extent caused by Force Majeure Events or Host Default), then Provider shall credit Host with a dollar amount equal to the product of (i) the Performance Guarantee Rate for the same Contract Year, and (ii) the difference in kWh between the Guaranteed Production and the Actual Annual Production for the same Contract Year.

• Guarantor guarantees that during the term of the PPA the System will generate not less than [ ] percent ([ ]%)of the estimated generation of the System based on PVSyst (“Estimated PVSyst Production (Annual kWh)”) as set forth in Table 1.A below (such guaranteed generation, the “Guaranteed Production (Annual kWh)” set forth on Table 1.A below); provided that the Guaranteed Production values are subject to reasonable downward adjustment for extreme weather conditions.

• Provider will deliver an annual production report before April 1 of each year, that compares actual production to the Guaranteed Production (as adjusted), as well as the basis for any calculations or adjustments and the source of any data used to perform any weather-related adjustment.

More Definitions of Guaranteed Production

Guaranteed Production is defined in Section 5.01.”

Guaranteed Production means the lesser of:

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.

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. (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]