Secondary Reserve definition

Secondary Reserve means the reserve capability of generation resources that can be converted fully into energy or Economic Load Response Participant resources whose demand can be reduced within 30 minutes (less the capability of such resources to provide Primary Reserve), from the request of the Office of the Interconnection, regardless of whether the equipment providing the reserve is electrically synchronized to the Transmission System or not.
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Secondary Reserve means the secondary Restricted Reserve Fund required by OAR 410-141-5285.
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Secondary Reserve means the reserve capability of generation resources that can be converted fully into energy or Economic Load Response Participant resources whose demand can
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Examples of Secondary Reserve in a sentence

  • The Servicer shall promptly notify the Indenture Trustee and the Owner Trustee in writing of any change in the account number or location of the Secondary Reserve Account.

  • If the Secondary Reserve Account is no longer to be maintained at the Indenture Trustee, the Servicer shall, with the Indenture Trustee’s assistance as necessary, promptly (and in any case within ten (10) calendar days or such longer period not to exceed thirty (30) calendar days as to which each Rating Agency may consent) cause the Secondary Reserve Account to be moved to an Eligible Institution.

  • The Secondary Reserve Account shall be held in trust for the benefit of the Noteholders and the Certificateholders.

  • The Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class may, on behalf of all Noteholders, waive any Event of Servicing Termination and its consequences, except an event resulting from the failure to make any required deposits to or payments from the Collection Account, the Note Payment Account, the Certificate Payment Account, the Reserve Account or the Secondary Reserve Account in accordance with this Agreement.

  • The Secondary Reserve Account shall be under the sole dominion and control of the Indenture Trustee; provided, however, that the Servicer may make deposits to and direct the Indenture Trustee in writing to make withdrawals from the Secondary Reserve Account in accordance with this Agreement and the Indenture.

  • The aggregate Purchase Amount for such Distribution Date, plus, to the extent necessary, all amounts in the Reserve Account and Secondary Reserve Account, shall be used to make payments in full to the Noteholders in the manner set forth in Article IV.

  • On each Distribution Date, the Servicer shall instruct the Indenture Trustee to transfer the Secondary Reserve Account Draw Amount, if any, for such Distribution Date from the Secondary Reserve Account to the Collection Account.

  • The Indenture Trustee and the Owner Trustee hereby release, on each Distribution Date, their security interest in, to and under Secondary Reserve Account Property distributed to the Certificateholders.

  • If the amount on deposit in the Note Payment Account (including any portion of the Reserve Account Draw Amount and any portion of the Secondary Reserve Account Draw Amount) on any Distribution Date is less than the amount described in clause (ii) above for such Distribution Date, the Indenture Trustee shall pay the available amount to the Holders of each Class of Class A Notes pro rata based on the Total Note Interest payable to such Class on such Distribution Date.

  • The Issuer shall not, directly or indirectly, make payments to or distributions from the Collection Account, the Note Payment Account, the Certificate Payment Account, the Reserve Account or the Secondary Reserve Account except in accordance with this Indenture and the other Transaction Documents.


More Definitions of Secondary Reserve

Secondary Reserve means the secondary Restricted Reserve Fund required by OAR 410-141-5285.¶ (20) "S.B. 1041" means 2019 Oregon Laws Ch. 478 (Enrolled S.B. 1041), as approved and enacted on June 20, 2019.¶
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Secondary Reserve means the maximum quantum of power which can be activated through secondary control signal by which injection or drawal or consumption of an SRAS provider is adjusted in accordance with Ancillary Service Regulations;”
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Secondary Reserve means the maximum quantum of power which can be activated through Automatic Generation Control (AGC) to free the capacity engaged by the primary control. This reserve response shall come into service starting from 30 seconds and shall sustain up to 15 minutes;”
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Related to Secondary Reserve

  • Primary Reserve means the total reserve capability of generation resources that can be converted fully into energy or Demand Resources whose demand can be reduced within ten minutes of a request from the Office of the Interconnection dispatcher, and is comprised of both Synchronized Reserve and Non-Synchronized Reserve.

  • Primary Reserve Alert means a notification from PJM to alert Members of an anticipated shortage of Operating Reserve capacity for a future critical period.

  • Inventory Reserve means reserves established by the Administrative Agent to reflect factors that may negatively impact the Value of Inventory, including change in salability, obsolescence, seasonality, theft, shrinkage, imbalance, change in composition or mix, markdowns and vendor chargebacks.

  • Primary Reserve Requirement means the megawatts required to be maintained in a Reserve Zone or Reserve Sub-zone as Primary Reserve, absent any increase to account for additional reserves scheduled to address operational uncertainty. The Primary Reserve Requirement is calculated in accordance with the PJM Manuals.

  • Inventory Reserves means such reserves as may be established from time to time by the Administrative Agent, in its reasonable commercial discretion exercised in good faith and not inconsistent with past practice, with respect to changes in the determination of the salability, of the Eligible Inventory (or Eligible In-Transit Inventory, as the case may be) or which reflect such other factors as negatively affect the market value of the Eligible Inventory, but without duplication of any Tax Stamp Reserves.