Maximum Delivered Contract Energy definition

Maximum Delivered Contract Energy means, for any applicable MISO Settlement Interval, (a) if Buyer does not exercise its curtailment rights, and there is no deemed curtailment, pursuant to Section 7.4 for such MISO Settlement Interval, (i) the Expected Maximum Energy Amount plus (ii) the amount, if any, of Contract Energy in excess of the Expected Maximum Energy Amount that Buyer elects, in its sole and absolute discretion, by issuance of a notice to Seller (which notice may be included in Buyer’s notice to Seller of the Minimum Market Price) increasing the Maximum Delivered Contract Energy for such MISO Settlement Interval or (b) if Buyer exercises its curtailment rights, or there is a deemed curtailment, pursuant to Section 7.4 for such MISO Settlement Interval, the amount of Contract Energy reflected in Buyer’s exercise of its curtailment rights or the amount of Contract Energy that Seller is required to settle with Buyer after giving effect to the deemed curtailment pursuant to Section 7.4.
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Examples of Maximum Delivered Contract Energy in a sentence

  • Seller acknowledges and agrees that at no time during the Delivery Term may the Delivered Energy ever exceed the Maximum Delivered Contract Energy, and Seller shall operate the Generating Facility accordingly.

  • In such event, Buyer shall be entitled to receive all Products from the applicable test according and subject to the terms and conditions of this Agreement and shall pay Variable Payments for any Delivered Energy, up to the Maximum Delivered Contract Energy, and any Charging Energy, up to the amount included in the applicable Charging Notice, associated with such test.

  • Seller acknowledges and agrees that at no time during the Delivery Term may the Delivered Energy ever exceed the Maximum Delivered Contract Energy, and, without limiting Seller’s rights under Section 4.7, Seller shall operate the Facility accordingly.

  • To the extent that Seller generates Energy from the Facility in excess of the Maximum Delivered Contract Energy and such excess generation is not the result of a Specified Seller Fault Event, Seller shall have the right to sell such excess generation (the excess generation that Seller is entitled to sell, the “Inadvertent Imbalance Energy”) for its own account.

  • Subject and according to the terms and conditions herein, including Section 4.5 and Section 7.4, throughout the Delivery Term, Seller shall sell, make available and deliver, and Buyer shall purchase and receive at the Energy Financial Delivery Point in the Applicable Market, all Energy actually generated by the Facility and injected at the Injection Point up to the Maximum Delivered Contract Energy in each applicable MISO Settlement Interval.

  • In such event, Buyer shall be entitled to receive all Products from the applicable test according and subject to the terms and conditions of this Agreement and shall pay Variable Payments for any Delivered Energy, up to the Maximum Delivered Contract Energy, associated with such test.