Mechanical Availability Percentage definition

Mechanical Availability Percentage or “MAP” shall mean that percentage for any Contract Year for the Facility calculated in accordance with the following formula:
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Mechanical Availability Percentage has the meaning set forth in Section 4.01(a). "Xxxxx’x" means Xxxxx’x Investor’s Services, Inc., or its successor.
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Mechanical Availability Percentage or “MAP” shall mean that percentage for any Contract Year for the Facility calculated in accordance with the following formula: MAP = 100 X (Operational Hours) /(Base Hours X Number of Units)
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Examples of Mechanical Availability Percentage in a sentence

  • For each month the Mechanical Availability Percentage shall be calculated and rounded to the nearest full percentage.

  • 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.

  • 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.

  • 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.

  • On or before the tenth (10th) Business Day following the end of each calendar month during the Services Term, Seller shall provide Buyer with the Mechanical Availability Percentage calculated for the preceding Period, consistent with Schedule 6.13, along with any supporting documentation reasonably required for Buyer to independently confirm Seller's Mechanical Availability Percentage calculation.

  • During the Services Term, Seller shall maintain a Mechanical Availability Percentage of no less than the MAP indicated on Attachment 2, Facility Information Form for On Peak hours on a rolling twelve month basis; provided however, that the first determination of the Mechanical Availability Percentage of the Facility shall be calculated twenty four (24) months after the Initial Delivery Date for the preceding twelve (12) month period.

  • Should Seller fail to satisfy the MAP requirements committed in the Attachment 2, Facility Information Form, Seller shall be entitled to a six (6) month period ("MAP Remedy Period") where Seller shall diligently work to remedy its failure to comply with Article6.13 [Mechanical Availability Percentage], with such MAP Remedy Period commencing on the date notice under this Article 12.3 was given by Buyer to Seller in accordance with the provisions of the PPA.

  • For each full percentage point that the Mechanical Availability Percentage during the immediately preceding month is less than the Guaranteed Availability, Seller shall pay to Department liquidated damages in an amount equal to one percent (1%) of the Capacity Payment due for such month.

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More Definitions of Mechanical Availability Percentage

Mechanical Availability Percentage means, for a given period and for all Units and Electrical Interconnection Facilities that are a part of the Project during such period or any part thereof (the “Relevant Units”), a percentage calculated in accordance with the following formula: Mechanical Availability Percentage = 100 X (the sum of the aggregate Operational Hours during the applicable period for all Relevant Units) (the sum of the aggregate Base Hours during the applicable period for all Relevant Units) Where:
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Mechanical Availability Percentage means the On Peak mechanical availability of the Facility, expressed as a percentage, calculated pursuant to Article 6.13. See Exhibit 1 for further explanation.
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Mechanical Availability Percentage means the mechanical availability of the Facility, expressed as a percentage, calculated on a twenty four (24) month, rolling average basis in accordance with Schedule 6.13.
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Mechanical Availability Percentage a percentage calculated for each Measurement Period in accordance with the following formula: Mechanical Availability Percentage = 100 x (sum of all Available Hours for all Turbines during the applicable Measurement Period) (sum of all Period Hours for all Turbines during the applicable Measurement Period))
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Mechanical Availability Percentage means the amount of time the applicable component (Wind Turbines or Solar PV System) of the Wind-Solar Hybrid Facility is able to produce energy divided by the amount of time in each Commercial Operation Year. For purposes of this definition, any hours under which Seller is operating during a period of Force Majeure shall be excluded from the calculation of such availability.
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Mechanical Availability Percentage or “MAP” shall mean that percentage
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Related to Mechanical Availability Percentage

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • 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.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender, the percentage of the total Revolving Facility Commitments represented by such Lender’s Revolving Facility Commitment. If the Revolving Facility Commitments have terminated or expired, the Revolving Facility Percentages shall be determined based upon the Revolving Facility Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed fiscal quarter as determined by Administrative Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including September 30, 2017, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.375% II < 50% ofthe Maximum Revolver Amount 0.50% The Applicable Unused Line Fee Percentage shall be re-determined on the first day of each fiscal quarter by Administrative Agent.

  • Canadian Availability means, at any time, an amount equal to (a) the lesser of (i) the aggregate Canadian Revolving Commitments at such time and (ii) the Canadian Borrowing Base at such time, minus (b) Commitment Reserves established with respect to the Canadian Loan Parties and/or the Canadian Collateral at such time minus (c) the Aggregate Canadian Credit Exposure at such time.

  • 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.

  • Facility Fee Percentage means the applicable percentage per annum determined, at any time, based on the range into which Borrower's Credit Rating (if any) then falls, in accordance with the following tables. Any change in the Facility Fee Percentage shall be effective immediately as of the date on which any of the rating agencies announces a change in the Borrower's Credit Rating or the date on which the Borrower has no Credit Rating, whichever is applicable. The Facility Fee Percentage shall be as follows: Range of Borrower's Credit Rating Percentage of S&P/Moody's Ratings Maximum Amount ------------------- -------------- LESS THAN BBB-/Baa3 or unrated 0.25% BBB-/Baa3 0.20% BBB/Baa2 0.20% BBB+/Baa1 0.15% A-/A3 0.15% If at any time the Borrower has a Credit Rating by both Moody's and S&P which Credit Ratings are split, then: (A) if the difference between such Credit Ratings is one ratings category (e.g. Baa2 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be applicable if the higher of the Credit Ratings were used; and (B) if the difference between such Credit Ratings is two ratings category (e.g. Baa1 by Moody's and BBB- by S&P), the Facility Fee Percentage shall be the rate per annum that would be applicable if the median of the applicable Credit Ratings is used.

  • 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.

  • 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.

  • Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the Facility Usage on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • 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.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.