Minimum Utilisation Period definition

Minimum Utilisation Period means the period of time in respect of a Site(s) / CMZ Group beginning at the time at which either the output of that Site(s) / CMZ Group is greater than 0MW or the demand of MW and Mvar of electricity is less than the Contracted Capacity (including any ramping period) as set out in the Customer Portal as the same may be updated from time to time;
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Minimum Utilisation Period means the period of time in respect of a Site(s) / CMZ Group beginning at the time at which either the output of that Site(s) / CMZ Group is greater than 0MW or the demand of MW and Mvar of electricity is less than the Contracted Capacity (including any ramping period) as set out in the Customer Portal as the same may be updated from time to time; "Operational Day" means the period from 0500 hours on one day to 0500 hours on the following day; "Operational Period" means the duration for which a Flexibility Service may be required by the Company which shall, in respect of each Flexibility Service requirement, and unless such Flexibility Service requirement or this Agreement is terminated earlier in accordance with its terms, be for a minimum period of one (1) year from the date of Contract Award in respect of such Flexibility Service requirement as may be extended in accordance with Clause 2.2; "Response Time" means the maximum period of time (in minutes) which is permitted to elapse from despatch of Demand Response by the Company or issue of a Utilisation Instruction by the Company (as relevant) to achieving the Contracted Capacity at the relevant Site(s) / CMZ Group in connection with the Flexibility Services at set out in the Customer Portal; "Recovery Period" means the period specified in the Customer Portal, which commences upon expiry of the earlier of the Cease Time, the Maximum Utilisation Period or relevant Accepted Arming Window or Accepted Availability Window (as relevant), for which the Site(s) / CMZ Group is not available to be despatched; "Term" means the duration of this Agreement; "Utilisation" means in respect of a Site(s) / CMZ Group, any despatch of Demand Response following a Utilisation Instruction from the Company during a constraint event in accordance with this Agreement which is provided continuously until the Event End Time and "Utilised" shall be construed accordingly; "Week" means a period of seven Operational Days commencing at 05.00 hours on a Monday and terminating at 05.00 hours on the next following Monday; "Weekly Limit" means, in relation to any Week in respect of any Site(s) / CMZ Group, the weekly limit as set out in the Customer Portal; Clause 2 of the Conditions shall be deleted and replaced with the following: 2.1 This Agreement shall commence on the Commencement Date and shall (unless terminated at an earlier date in accordance with Clause 12 (Termination)) continue in force until expiry or termination of the final O...
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Minimum Utilisation Period means the shortest period of time that a Service Response will be provided in respect of a single Event for a Dispatch Group; "Operational Day" means the period from 0500 hours on one day to 0500 hours on the following day; "Operational Week" means a period of seven Operational Days commencing at05.00 hours on a Monday and terminating at 05.00 hours on the next following Monday; “Overarching Agreement” under the overarching agreement, capacity and pricing will be captured at the tender for services stage otherwise known as the “call off tender”. All providers who have signed an overarching agreement can bid under the call off. The Overarching Agreement allows more flexibility for awarding both longer term and closer to real time contracts. “Payable Over-delivery” has the explanation and definition given to it in: SSEN Flexible Power - Payment Calculations “Penalisation Multiplier” has the explanation and definition given to it in: SSEN Flexible Power - Payment Calculations “Performance Report” a report in relation to the delivery of Flexibility Services completed by the Provider at the end of each billing month; "Portal" means the Flexible Power portal accessible at https://www.flexiblepowerportal.co.uk/; "Ramp Up Time" means the period of time (in minutes) between the issue of the API Start Instruction and the Event start time, during which the Provider should reach the instructed level of Service Response; “Reconciliation Grace Factor” has the explanation and definition given to it in: SSEN Flexible Power - Payment Calculations "Recovery Period" means the period which commences upon the earlier of the Stop Time, the Maximum Utilisation Period or relevant Availability Window (as relevant), for which the Dispatch Group is considered to be unavailable; "Restore Services" means the Company's 'restore' constraint management zone services (as further explained on the Portal) required in a Zone identified by the Company and which the Provider is contracted to provide if so stated in Call-off bid details.xlsx as outlined in Annex 2 section 7; “Secure Services" means the Company's 'secure' constraint management zone services (as further explained on the Portal) required in a Zone identified by the Company and which the Provider is contracted to provide if so stated in Call-off bid details.xlsx as outlined in Annex 2 section 7; "Service Response" means either; an increase of net export of active power toor reduction of net import of active power from the Company's...
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Examples of Minimum Utilisation Period in a sentence

  • Minimum Utilisation Period means the pre defined operating window which the Company have contracted for Flexible Services Delivery.


More Definitions of Minimum Utilisation Period

Minimum Utilisation Period means the period of time in respect of a Trade Dispatch Group beginning at the time at which either the output of that Trade Dispatch Group is greater than 0MW or the demand of MW and Mvar of electricity is less than the Contracted Capacity (including any ramping period) as set out in the Trade Award.
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Related to Minimum Utilisation Period

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • the relevant period means the period beginning at the commencement of the qualifying period and ending on the date when all the requirements of paragraph (A)(i) to (iv) above have been satisfied.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Minimum Run Time For all generating units that are not combined cycle units, “Minimum Run Time” shall mean the minimum number of hours a unit must run, in real-time operations, from the time after generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, to the time of generator breaker opening, as measured by PJM's State Estimator. For combined cycle units, “Minimum Run Time” shall mean the time period after the first combustion turbine generator breaker closure, which is typically indicated by telemetered or aggregated State Estimator megawatts greater than zero, and the last generator breaker opening as measured by PJM’s State Estimator.

  • Facility Period means the period beginning on the date of this Agreement and ending on the date when the whole of the Indebtedness has been paid in full and the Security Parties have ceased to be under any further actual or contingent liability to the Finance Parties under or in connection with the Finance Documents.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • First Period The period of the Contract Term specified in Section 3.1.

  • Utilisation means a utilisation of the Facility.

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • Drawdown means a drawdown of a Facility.