Guaranteed Production definition

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]

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]

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.

• Within sixty (60) days following each twelve (12) month period after the Commercial Operation Date (each a “Contract Year”), the Parties shall compare Actual Annual Production for such immediately preceding Contract Year with the Guaranteed Production for that same Contract Year.

• 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.

• 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”).

• In any year in which your Average Annual Production does not equal or exceed the Guaranteed Production, we will pay you an amount equal to one thousand dollars ($1,000.00) within forty five (45) days following the end of the applicable calendar year.

More Definitions of Guaranteed Production

Guaranteed Production is defined in Section 5.01.

Guaranteed Production means the lesser of:

Guaranteed Production has the meaning set forth in Sections 2.1 and 4.8.

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] [Include the following subparts (i) through (iii) to Section 2.3(c) for both As-Available and Baseload facilities and all technologies]

Guaranteed Production means the final average yield multiplied by the chosen coverage level less any applicable deductible.

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]