Examples of Peak Demand Reduction in a sentence
The Licensee shall guarantee the final Actual Peak Demand Reduction Price, as set forth in the Agreement.
The Trustees and the Licensee have agreed to a schedule, design, specifications, and a Guaranteed Final Actual Peak Demand Reduction Price and, the Trustees have issued a building permit and Attachment 3 Authorization to proceed to Construction to the Licensee to complete the design and construct the Project.
The Guaranteed Final Actual Peak Demand Reduction Price shall be subject to additions and deductions by change order as provided in Article 38, Change Orders.
Trustees and Licensee agree to negotiate in good faith to find an alternative location where Licensee can relocate the System and from which Licensee can provide Peak Demand Reduction to Trustees in conformance with this Agreement.
Price - The amount of compensation for delivered Actual Peak Demand Reduction from the System stated in the Agreement expressed in terms of $0.XXXX/KW.
The Price paid by Trustees for Storage Services shall be the Price of $0.XXXX per Actual Peak Demand Reduction for every Billing Cycle by Contract Year specified in the table below.
Addendum - A document issued to the Licensee by the Trustees, prior to the agreement on the Actual Peak Demand Reduction Rate that modifies or supersedes portions of the Contract Documents.
If a Force Majeure Event occurs that reduces the Peak Demand Reduction of the System and Licensee determines the System cannot, within the period allowed in Section 16.4 (Licensee Early Termination Rights), be restored to a capacity sufficient to satisfy its obligations under this Agreement, Licensee shall give Trustees written notice of such determination as soon as possible.
If Licensee demonstrates to Trustees’ reasonable satisfaction that the System can, within the period provided in Section 16.4 of this Agreement, be repaired and restored such that the System can deliver at least fifty percent (50%) of the applicable Peak Demand Reduction for the remaining Term, then Licensee may elect to prosecute such repairs as necessary to deliver at least 50% of the applicable Peak kW demand reduction for the remaining Term.
The invoiced amount due from Trustees to Licensee shall be for each Billing Cycle the sum of any In Lieu of Electricity Payment for Deemed Generated Energy owing to Licensee and the amount calculated for Electricity delivered to the Electrical Interconnection Point as follows: Simple Peak kW methodology A = P x Q, where: A = Amount of payment due to Licensee for Actual Peak Demand Reduction for the Billing Cycle.