Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

Operating Reserve means: (1) in ISO-NE, an Operating Reserve as defined in Section I.2.2 of the ISO-NE Tariff, and (2) in NYISO, an Operating Reserve as defined in Section 2.2 of the NYISO Services Tariff. For purposes of Schedule D to this Agreement, 10-minute Operating Reserve is considered a higher quality product than 30-minute Operating Reserve.

Operating Reserve means the amount of generating capacity scheduled to be available for a specified period of an Operating Day to ensure the reliable operation of the PJM Region, as specified in the PJM Manuals.

Examples of Operating Reserve in a sentence

In addition, if a shortfall still exists after Operating Reserve Water is drawn by the Company, the District may, in its sole discretion, use Drought Reserve Water available in the Drought Reserve to satisfy the Water Availability Guarantee.Upon the occurrence of the Expiration Date, or the earlier termination of this Agreement as contemplated herein, the Company shall have the right to draw Drought Reserve Water from the Drought Reserve.
Any surplus funds in the Operating Reserve shall be returned to the Regional District Partners, in accordance with the Apportionment method, in the event that a new Agreement is not executed after the end of the Fifth Extension Term.
In addition, the District shall, with ten (10) days following the Company’s request, provide to the Company the balances and activity in the Operating Reserve and Drought Reserve.
The Performance Start Date shall not occur until the Operating Reserve Minimum has been allocated to the Operating Reserve.
The Reserve Account will have two sub-accounts: the Operating Reserve and the Drought Reserve.

More Definitions of Operating Reserve

Operating Reserve means the funds necessary to pay the ongoing fees, interest costs and operating and administrative costs in respect of the Partnership that are payable. The Operating Reserve will be deducted from the Gross Proceeds of each of the Portfolios on a pro-rated basis and will not form part of the Available Funds for investment in Flow-Through Shares for the Portfolios.

Operating Reserve means an amount equal to 2.25% of the Gross Proceeds in respect of each of the Portfolios, which will be set aside to pay the ongoing fees (including the General Partner’s Fee), interest costs and operating and administrative costs of the Partnership. The National Portfolio’s share of the Operating Reserve will be funded through funds borrowed under the National Portfolio Loan Facility, and the Québec Portfolio’s share will be funded out of the Gross Proceeds from the sale of Québec Class Units.

Operating Reserve means the amount of generating capacity scheduled to be available for a specified period of an Operating Day to ensure the reliable operation of a Control Zone, as specified in the PJM Manuals.

Operating Reserve means any operating reserve for the Project required to be maintained pursuant to the terms of the Limited Partnership Agreement.

Operating Reserve means an amount equal to 2.25% of the Gross Proceeds in respect of each of the Portfolios, which will be set aside to pay the ongoing fees, interest costs and operating and administrative costs of the Partnership. The Operating Reserve will be funded out of the Gross Proceeds from the sale of Units.

Operating Reserve means that portion of the fund balance which has not been appropriated in a budget year; and

Operating Reserve means an amount equal to 8.3% of all general fund appropriations in the