Guaranteed Storage Availability has the meaning specified in Section 6.3(a). “Guaranteed Storage Efficiency” has the meaning specified in Section 6.4(a).
Guaranteed Storage Availability. [98%] [percentage of hours each month that Seller agrees the Storage Facility will be available] Availability Adjustment: The Availability Adjustment (“AA”), which is calculated as follows: If the monthly storage availability is greater than or equal to the Guaranteed Storage Availability, then: AA = 100% If the monthly storage availability is less than the Guaranteed Storage Availability, but greater than or equal to 70%, then: AA = 100% - [(98% - monthly storage availability) × 2] If the monthly storage availability is less than 70%, then: AA = 0
Guaranteed Storage Availability has the meaning set forth in Section 4.10(a).
Examples of Guaranteed Storage Availability in a sentence
In the event that, at the end of any such Contract Year, the Annual Storage Availability is less than the Guaranteed Storage Availability, Seller shall pay to Buyer the Storage Availability Liquidated Damages, as calculated pursuant to Schedule 6.3.
More Definitions of Guaranteed Storage Availability
Guaranteed Storage Availability has the meaning set forth in Section 4.8. “Guaranteed Storage Capacity” means the maximum dependable operating capability of the Storage Facility to discharge Energy, as measured in MW AC at the Delivery Point (i.e., measured at the Storage Facility Meter and adjusted for Electrical Losses to the Delivery Point) for four (4) hours of continuous discharge, that Seller commits to install pursuant to this Agreement as set forth on the Cover Sheet.
Guaranteed Storage Availability is defined in Exhibit P. “Guaranteed Storage Capacity Rating” is defined in Exhibit P.
Guaranteed Storage Availability is defined in Exhibit A. “Guaranteed Storage Power Capacity Rating” is defined in Exhibit A. “Guaranteed Storage Round Trip Efficiency” is defined in Exhibit A.
Guaranteed Storage Availability has the meaning set forth in Section 8.4(a) of this Agreement.
Guaranteed Storage Availability shall have the meaning set forth in Section 8.4(C).
Guaranteed Storage Availability. [XX%] [percentage of hours each month that Seller agrees the Storage Facility will be available] Availability Adjustment: The Availability Adjustment (“AA”), which is calculated as follows: If the monthly storage availability is greater than or equal to the Guaranteed Storage Availability, then: AA = 100% If the monthly storage availability is less than the Guaranteed Storage Availability, but greater than or equal to 70%, then: AA = 100% - [([XX%] - monthly storage availability) x 1.5] If the monthly storage availability is less than 70%, then: AA = 0 Prevailing Wage Requirement: Seller shall comply with all applicable federal, state and local laws, statutes, ordinances, rules and regulations, and the orders and decrees of any courts or administrative bodies or tribunals, including, without limitation employment discrimination laws and prevailing wage laws. Seller shall use reasonable efforts to ensure that all employees hired by Seller, and its contractors and subcontractors, that will perform construction work or provide services at the Site related to construction of the Facility are paid wages at rates not less than those prevailing for workers performing similar work in the locality as provided by applicable California law, if any (“Prevailing Wage Requirement”). Xxxxx agrees that Xxxxxx’s obligations for the Prevailing Wage Requirement will be satisfied upon the execution of a project labor agreement related to construction of the Facility.
Guaranteed Storage Availability is defined in Exhibit A.