Measured Availability definition

Measured Availability shall have the meaning set forth in Exhibit G-1. “MISO” means the Midcontinent Independent System Operator, Inc.
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Measured Availability is defined in Schedule 2, Part 1 (Availability).
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Measured Availability is the Availability during periods of Planned Availability divided by the Planned Availability as measured each month.
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Examples of Measured Availability in a sentence

  • For each year during the Term, within thirty (30) days after the anniversary of the Commencement Date, O&M Contractor shall deliver to Owner a written report containing the Measured Availability for the PV Plant during the prior twelve (12) month period and such information and data requested by Owner reasonably necessary to confirm the results of such determinations.

  • If the Measured Availability for the PV Plant is equal to or greater than ninety-eight percent (98%) (the “Guaranteed Performance”) for any annual reporting period (or, if shorter, the initial reporting period), then the Guaranteed Performance for the PV Plant shall be deemed satisfied for such period and O&M Contractor shall have no liability to Owner in relation to the Guaranteed Performance for the PV Plant.

  • If for any Availability Test Period the average Measured Availability is less than the Minimum Guaranteed Availability, the O&M Contractor shall pay to the Project Company the Availability Liquidated Damages .

  • If identified as applicable in the Key Information Table, for any Availability Test Period in which the average Measured Availability is more than the Minimum Guaranteed Availability, the Project Company shall pay to the O&M Contractor the Availability Bonus.

  • AVAILABILITY36 The O&M Contractor guarantees that the Measured Availability during each Availability Test Period shall meet or exceed the Minimum Guaranteed Availability.

  • Measured Availability represents the time in which the Facility is operating over the total possible time it is able to operate.

  • If the Measured Availability for the PV Plant is equal to or greater than ninety-eight percent (99%) (the “Guaranteed Performance”) for any annual reporting period (or, if shorter, the initial reporting period), then the Guaranteed Performance for the PV Plant shall be deemed satisfied for such period and O&M Contractor shall have no liability to Owner in relation to the Guaranteed Performance for the PV Plant.

  • Measured Availability shall be reported by Licensor to Licensee no later than ten (10) business days after the end of the agreed upon reporting frequency or period.

  • AVAILABILITY37 The O&M Contractor guarantees that the Measured Availability during each Availability Test Period shall meet or exceed the Minimum Guaranteed Availability.

  • Measured Availability (% yearly basis) Reduction in charges (% reduction for the affected year) 99.50 - 99.00% 5% 98.99 - 90.00% 15% Below - 90,00% 20% Any compensation given by Dualog to Customer shall be final and conclusive, and shall be Customer’s sole and only remedy against Dualog.

Related to Measured Availability

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Average Availability means, with respect to any period, the sum of the aggregate amount of Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Maximum Availability means, as of any date of determination, the difference of (i) the Facility Amount minus (ii) the balance of all unfunded Advances approved but not yet funded minus (iii) the Aggregate Unfunded Amount plus (iv) all amounts on deposit in the Unfunded Exposure Account, each as of such date of determination.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • System Availability for each System is calculated as follows:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Suppressed Availability means, at any time, an amount equal to the amount (if any, but in no event less than zero) by which the Borrowing Base exceeds the aggregate Revolving Commitments at such time.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Canadian Availability means (a) the lesser of (x) the Canadian Sublimit and (y) the sum of (i) the Canadian Borrowing Base plus (ii) solely to the extent the total Revolving Exposure relating to the Canadian Borrower exceeds the Canadian Borrowing Base, the US Availability (calculated without giving effect to any Canadian US Borrowing Base Utilization), minus (b) the total Revolving Exposure relating to the Canadian Borrower.

  • Average Daily Availability means the average daily Availability for the immediately preceding Fiscal Quarter.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Availability Block means $15,000,000.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Average Delinquency Ratio on any Payment Date means the average of the Delinquency Ratios for the preceding three calendar months.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.