Examples of Proposed Facility Size in a sentence
To the extent that Seller has constructed the Facility in accordance with Good Utility Practice, and met all other requirements under Section 3.4(b) of this Agreement, if the Independent Engineer’s certification provides that the Actual Facility Size exceeds the Proposed Facility Size as provided in Exhibit A, the Buyer’s Percentage Entitlement will be recalculated and replaced by the percentage derived by dividing the Contract Maximum Amount by the Actual Facility Size.
If there is an Accordion Facility Shortfall relating to the Proposed Facility Size set out in the Accordion Facility Proposal, the Corporate Guarantor shall invite each Participating Lender under the Accordion Facility Proposal to increase the proposed Accordion Facility Commitment offered by it in respect of the Accordion Facility proposed in the Accordion Facility Proposal by an amount no greater than that Accordion Facility Shortfall.
The Operating Period Security shall have a Value of $8,000,000 (which equals $20,000.00 per MWh per hour of the Contract Maximum Amount and which amount will be increased if necessary to reflect the Proposed Facility Size as set forth in the Final Proposed Facility Size Notice), which may be adjusted based on the final Contract Maximum Amount in accordance with Section 3.3(b).
If there is an Incremental Facility Shortfall relating to a Proposed Facility Size set out in an Incremental Facility Proposal, the Borrower shall invite each Participating Lender under that Incremental Facility Proposal to increase the proposed Incremental Facility Commitment offered by it in respect of the Incremental Facility proposed in that Incremental Facility Proposal by an amount no greater than its Incremental Facility Proportion of that Incremental Facility Shortfall.
To the extent that Seller has constructed the Facility in accordance with Good Utility Practice, and met all other requirements under Section 3.4(b) of this Agreement, if the Independent Engineer’s certification provides that the Actual Facility Size exceeds the Proposed Facility Size, the Buyer’s Percentage Entitlement will be recalculated and replaced by the percentage derived by dividing the maximum Contract Maximum Amount by the Actual Facility Size.
Regarding the ability to reduce the facility’s capacity, the PPAs restrict such reductions to be up to, but no more than 2 MW AC less than the Proposed Facility Size as per Section 3.4(b).
If there is an Accordion Facility Shortfall relating to the Proposed Facility Size set out in the Accordion Facility Proposal, the Borrower shall invite each Participating Lender under the Accordion Facility Proposal to increase the proposed Accordion Facility Commitment offered by it in respect of the Accordion Facility proposed in the Accordion Facility Proposal by an amount no greater than that Accordion Facility Shortfall.
Response: See CSC-4 for links to PPAs. The PPAs are based on the Proposed Facility Size (defined term in PPA) of 19.60 MW AC.