Examples of Portfolio Quantity in a sentence
For all Event Performance Factors, the contracted Load Relief shall be the Portfolio Quantity associated with an aggregation.
The quantity of Load Relief (Portfolio Quantity) which the Company will procure is a function of the proposal price, scoring of proposals based on evaluation criteria, and the Company’s final discretion.
Notwithstanding the immediate foregoing, Applicant may elect to transfer part or all of Applicant’s Portfolio Quantity for an Aggregation prior to the Enrollment Deadline of a Capability Period to an approved Aggregator (“Transferee”).
For Test Events, the kWh of Load Relief used to calculate Performance Payments will not exceed the product of the Aggregation’s Portfolio Quantity and the length of the Test Event.
If there is payment of an Early Exit Fee related to any reduction in Portfolio Quantity associated with an Aggregation, then the contract duration shall end with regard to such reduction at the time of payment of the Early Exit Fee.
If an Aggregation achieves an Average Season Performance Factor of less than 0.00 for the DLM Program, then the Company can (at the Company’s sole discretion) cancel the Portfolio Quantity associated with that Aggregation and assess Applicant an Early Exit Fee along with any penalties or other penalties for poor performance accumulated to that point.
Consistent with the foregoing, with the Company’s prior consent, Applicant may be permitted to apply any portion of Load Relief with respect to a Customer beyond the Portfolio Quantity of Load Relief associated with individual Aggregations hereunder to arrangements related to other Company programs, but only so long as such load relief (or Load Relief) first counts to satisfy the Load Relief contracted for pursuant to the DLM Program hereunder.
Aggregators and Direct Participants shall have the right to terminate their obligations under their respective Program Agreements prior to the first Capability Period, before a Company-specified deadline, by paying an Early Exit Fee equal to ten percent of the product of the remaining length of the contractual obligation in years, the Aggregator or Direct Participant’s applicable reservation rate, and the kW of Portfolio Quantity.
The Reservation Payment, which is issued annually, is equal to the applicable Incentive Rate per kW per Capability Period multiplied by the Applicant Portfolio Quantity multiplied by the Applicant Aggregation Average Season Performance Factor.
If an Aggregation achieves an Average Season Performance Factor of less than 0.00 for the Term-DLM Program or the Auto-DLM Program, the Company can at its own discretion cancel the Portfolio Quantity associated with that Aggregation and assess the associated Applicant the Early Exit Fee along with any penalties for poor performance accumulated to that point.