Examples of Normative Availability in a sentence
For the avoidance of doubt, the Parties agree that the Damages to be deducted for any reduction in Normative Availability shall be 25% (twenty five per cent) of the Fixed Charge which is reduced on account of shortfall in Availability below Normative availability.
For the avoidance of doubt and by way of illustration, in the event the Availability in any month shall exceed the Normative Availability by 3% (three per cent) of the Contracted Capacity but the Despatch during that month shall exceed 1% (one per cent) of the Contracted Capacity, the Incentive payable hereunder shall be restricted to such 1% (one per cent) only.
The Concessionaire shall procure that during the Operation Period, the Availability of the Storage Capacity is not less than the Normative Availability and Incentives and Damages in relation to Availability shall be payable or recoverable, as the case may be, by the Authority in accordance with the provisions of Article 27.
In case of Availability being lower than the Normative Availability, the Capacity Charges shall be payable on proportionate basis in addition to the penalty to be paid by the Seller as provided in this Schedule.
In case of Availability being lower than the Normative Availability, the Capacity Charges shall be payable on proportionate basis in addition to the penalty to be paid by the Company as provided in this Schedule.
If and to the extent the Availability in a Contract Year exceeds Normative Availability, an incentive at the rate of forty (40%) of the Quoted Capacity Charges (in USD/kWh) for such Contract Year mentioned in Schedule 7 subject to a maximum of 0.0045 USD/kWh, shall be allowed on the energy (in kWh) corresponding to the Availability in excess of ninety percent (90%).
Further, in addition to the reduction of Capacity Charges as provided in this para, the Company shall be liable to pay to BPDB, charges equivalent to twelve (12) months Capacity Charges calculated at Normative Availability.
Provided, however, that in the event of Despatch of the Power Station beyond such 85% (eighty five per cent), Incentive shall be payable in accordance with the provisions of Clause 11.6.1.” Thus, from the clauses mentioned above, full fixed charges are payable to the supplier / generator provided it offers availability of the plant above the Normative Availability i.e. 85%.
They should have full responsibility for their operations and the outcomes of those operations without third party influence.
Jesus’ ministry of radical embrace and acceptance was an ampli- fication of expressing love beyond one’s neighbor (Luke 10:29-37).