Examples of Minimum Efficiency Rate in a sentence
Payment: Seller shall be paid on a monthly basis at the applicable Contract Price, multiplied by the Storage Capacity as adjusted for the Storage Capacity Test, for such month, multiplied by the Availability Adjustment for such month, and multiplied by zero (0) in the event that the Efficiency Rate is less than the Minimum Efficiency Rate.
All Product shall be paid on a monthly basis at the applicable Contract Price, multiplied by the Storage Capacity as adjusted for the Storage Capacity Test, for such month, multiplied by the Availability Adjustment for such month (as determined under Exhibit L), and multiplied by zero (0) in the event that the Efficiency Rate is less than the Minimum Efficiency Rate.
MW [Guaranteed Storage Capacity: ___ MW Guaranteed Storage Availability: 97.0% Guaranteed Efficiency Rate: ___% Minimum Efficiency Rate: 75.0%]2 Contract Price: The Renewable Rate shall be determined hourly within each day of the Delivery Term as follows: Bonus Incentives paid for the first five (5) Contract Years shall be: ☐ EnviroStor Xxxxxxxxxx: $10.00/MWh ☐ Previously Developed Site: $5.00/MWh ☐ Local Business: $5.00/MWh [The Capacity Rate shall be: $7.00/kW-mo.