Mechanical Availability definition

Mechanical Availability means the percentage of time that the Facility is capable of producing Energy during a Contract Year and is calculated as follows:

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Mechanical Availability means the percentage of time that HSM determines the Equipment is available pursuant to Exhibit E for towboats and Exhibit F for barges.

Mechanical Availability means, for any Rolling Availability Period, the ratio, expressed as a percentage, of (a) the aggregate sum of the number of calendar days during which at least eighty-five percent (85%) of the Solar Panels installed at the Facility were available to generate electricity during such Rolling Availability Period over (b) the total number of calendar days in such Rolling Availability Period; provided that, the Solar Panels installed at the Facility shall be “available” during (a) all Seller Uncontrollable Minutes except for days where Planned Outages result in less than eighty-five percent (85%) of the Solar Panels installed at the Facility being available to generate electricity and (b) periods in which (i) the Facility is unavailable due to a failure of major equipment and (ii) Seller has provided Buyer, within twenty (20) Business Days after such failure, a remediation plan that is reasonably satisfactory to Buyer setting forth how the repair or replacement of such major equipment will be effected.

Examples of Mechanical Availability in a sentence

For each month the Mechanical Availability Percentage shall be calculated and rounded to the nearest full percentage.
Department shall not be entitled to any liquidated damages hereunder to the extent that Seller's failure to achieve a specific Mechanical Availability Percentage was caused by (i) Department or any of its agents, contractors, vendors or employees, (ii) an Uncontrollable Force, or (iii) a Delivery Event.
The provisions of this Section 4.01 shall be the exclusive remedies of Department for Seller's failure to meet a specific Mechanical Availability Percentage so long as such failure is not due to intentional conduct of Seller.
In the event the Facility has failed to meet a seventy percent (70%) Mechanical Availability Percentage, calculated on an annual average basis, in any two (2) out of three (3) years, Department shall have the right, within thirty (30) Days of such time, in its sole discretion, to terminate this Agreement without further obligation or liability to Seller.
Seller guarantees that, as calculated by the thirtieth (30th) Day of each Invoice Month following the Commercial Operation Date, the Facility shall have achieved (a) a Mechanical Availability Percentage of 96% for operations during the months of June, July, August, September, October, December, January and February; and (ii) a Mechanical Availability Percentage of 94% for operations during the months of November, March, April and May.
Mechanical Availability Damages will be billed to the Seller annually after the end of each Contract Year and Seller shall make payment in full within ten (10) business days of date of the billing.
Seller guarantees that beginning with the third Contract Year the annual Mechanical Availability of the Facility shall be no less than 90 percent.
At the minimum the information provided to Idaho Power will include a summary record of the Contract Year’s Generation Unit Downtime Hours, Lack of Prime Mover, Force Majeure events and any other information required to confirm the Seller’s Mechanical Availability calculation.
Commencing on the first day of the second Commercial Operation Year and for the reminder of the Term, Seller guarantees that the Facility shall have achieved an average annual Actual Availability Percentage during each Availability Period equal to or greater than ninety percent (90%) for the Term (a “Guaranteed Mechanical Availability Percentage”).
Statistics shall be kept for all units of Equipment and Replacement Equipment to determine the Operating Time, Delay Time, Mechanical Down Time and Idle Time and these shall be used to calculate the Mechanical Availability, Effective Utilization, Overall Utilization and Operating Efficiency for each unit.

More Definitions of Mechanical Availability

Mechanical Availability measured for each Contract Year, the percentage of time that the Facility is capable of producing Net Energy during a Contract Year. The actual calculation being: Mechanical Availability (%) = (((H * N) – (DH * N))/ (H * N)) * 100 Where: H = number of hours in the Contract Year N = number of generation units comprising the Facility DH = Downtime Hours

Mechanical Availability means the percentage of time each month that our Contract Services equipment is mechanically available to compress gas under the design and operating conditions set forth in the applicable contracts governing each piece of Contract Services equipment.

Mechanical Availability means the percentage of time that the Facility is capable of producing Energy during a Contract Year and is calculated as follows: [(H x N) ‐ (Sum of Downtime Hours for N Units)] / (H x N)] x 100 expressed as a percent where H is the number of hours in the Contract Year and N is the number of Units in the Facility. Downtime hours (calculated in 15 minute increments) for each Unit includes all minutes in which the Unit is not in “run” status, or is in “run” status but faulted (including any delay in resetting a fault), with the exception of minutes that a Unit is unavailable due to (i) an event of Force Majeure;

Mechanical Availability. For each Contract Year, (i) the sum of all hours the Project is available to produce energy, plus customary “deemed available” hours based on Non-Economic Curtailment and limited amounts of planned maintenance, divided by (ii) the total number of hours in such year.