Substitute Unit definition

Substitute Unit means a generating unit or combination of units, other than the Unit identified in the Dispatch Notice (whether or not located at the Facility, whether or not designated as a Reliability Must-Run Unit and whether or not owned by Owner), which, under the circumstances existing at the time, is capable of providing system reliability benefits equivalent to the system reliability benefits provided by the Unit identified in the Dispatch Notice. In the case of Units providing Ancillary Services, a Substitute Unit must (i) be certified to provide the requested type of Ancillary Service, (ii) provide the same or higher ramp rate and MW of capacity and, (iii) is located in the same Local Capacity Area as the Unit identified in the Dispatch Notice.
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Substitute Unit means a generating unit or combination of units, other than the Unit identified in the Dispatch Notice (whether or not located at the Facility, whether or not designated as a Reliability Must-Run Unit and whether or not owned by Owner), which, under the circumstances existing at the time, is capable of providing system reliability benefits equivalent to the system reliability benefits provided by the Unit identified in the Dispatch Notice. In the case of Units providing Ancillary Services, a Substitute Unit must
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Substitute Unit means a Generating Unit or combination of units, other than the Unit identified in the Dispatch Notice (whether or not located at the Facility, whether or not designated as a Reliability Must-Run Unit and whether or not owned by Owner), which, under the circumstances existing at the time, is capable of providing system reliability benefits equivalent to the system reliability benefits provided by the Unit identified in the Dispatch Notice. In the case of Units providing Ancillary Services, a Substitute Unit must (i) be certified to provide the requested type of Ancillary Service, (ii) provide the same or higher MVAr of Ancillary Services and, (iii) is located in the same Local Capacity Area as the Unit identified in the Dispatch Notice.
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Examples of Substitute Unit in a sentence

  • Owner of a hydroelectric Unit will Deliver the Requested MWh from the Facility and will Deliver the Voltage Support and Black Start requested in a Dispatch Notice from the specified Unit or a Substitute Unit.

  • Owner shall provide oral or written notice to CAISO as soon as possible in advance of the first Real-Time Dispatch of the Requested Operation Period stating why it cannot provide the requested service from the Unit identified in the Dispatch Notice, identifying the Substitute Unit, describing the services it will provide from the Substitute Unit and specifying the charges applicable to service from the Substitute Unit.

  • CAISO may deny approval only if the proposed unit does not qualify as a Substitute Unit or if there is insufficient time to accommodate the request prior to the running of the MPM-RRD process and the operator determines that the substitution would affect the MPM-RRD results, in which case the substitution request will be accommodated for any remaining portion of the Requested Operation Period, if the unit is otherwise acceptable.

  • If Owner proposes to satisfy its delivery obligations by providing service from a Substitute Unit, Owner shall provide oral or written notice to CAISO prior to the Requested Operation Period identifying the Substitute Unit, describing the services it will provide from Substitute Unit and specifying the charges applicable to service from the Substitute Unit.

  • The total cost to CAISO for service from the Substitute Unit shall be at the rate specified by the Owner, provided that the total cost will not exceed the total costs for the same amount of service from the Unit specified in the Dispatch Notice.

  • Owner may Deliver the agreed services from the Substitute Unit and will be paid at the agreed rates if CAISO accepts Owner’s proposal, or CAISO and Owner otherwise agree on the services and applicable rates for service from a Substitute Unit.

  • Owner may Deliver the agreed services from the Substitute Unit and will be paid at the agreed rates if XXXXX accepts Owner’s proposal, or CAISO and Owner otherwise agree on the services and applicable rates for service from a Substitute Unit.

  • All initial assignments of substitute teachers, including those who are name-requested, must come from the substitute calling unit automated calling system or Substitute Unit.

  • Owner shall also inform ISO of the availability of any previously retired unit (the “Substitute Unit”) and the costs and time required to bring the Substitute Unit back into service and to retire the Resource on Forced Outage.

  • Owner may Deliver the agreed services from the Substitute Unit and will be paid at the agreed rates if ISO accepts Owner’s proposal, or ISO and Owner otherwise agree on the services and applicable rates for service from a Substitute Unit.


More Definitions of Substitute Unit

Substitute Unit means a combustion turbine generating unit which is located at the same Site as the Reserved Unit which such unit is proposed to replace and is not a Reserved Unit under this Agreement at the time in question.
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Substitute Unit means a unit or share in any Fund (i) which is not a Unit, (ii) which has, in the opinion of the Calculation Agent, similar features to those of the excluded Unit (classification, management objective, investmentguidelines or any other relevant parameter in the opinion of the Calculation Agent) and (iii) whose method of determination and frequency of Net Asset Value calculation is deemed satisfactory by the Calculation Agent.
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Substitute Unit means a unit or share in any Fund (i) which is not a Unit, (ii) which has, in the opinion of the Calculation Agent, similar features to those of the excluded Unit (classification, management objective, investment
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Substitute Unit means another residential unit within the Village or another retirement village managed or controlled by Us. Term means the duration of this contract as determined by clause 24.
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Related to Substitute Unit

  • Substitute Option means an Option granted in substitution for, or upon the conversion of, an option granted by another entity to purchase equity securities in the granting entity.

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Substitute Aircraft Has the meaning specified in the NPA.

  • Replacement unit means a landfill, surface impoundment, or waste pile unit from which all or substantially all of the waste is removed, and which is subsequently reused to treat, store, or dispose of hazardous waste. Replacement unit does not include a unit from which waste is removed during closure, if the subsequent reuse solely involves the disposal of waste from that unit and other closing units or corrective action areas at the facility, in accordance with a closure or corrective action plan approved by USEPA or the Agency.

  • Eligible Unit means, as of the time any Liquidating Gain is available to be allocated to an LTIP Unit or a Performance Unit, an LTIP Unit or Performance Unit to the extent, since the date of issuance of such LTIP Unit or Performance Unit, such Liquidating Gain when aggregated with other Liquidating Gains realized since the date of issuance of such LTIP Unit or Performance Unit exceeds Liquidating Losses realized since the date of issuance of such LTIP Unit or Performance Unit, as applicable.

  • Substitute Award means an Award granted under the Plan upon the assumption of, or in substitution for, outstanding equity awards previously granted by a company or other entity in connection with a corporate transaction, such as a merger, combination, consolidation or acquisition of property or stock; provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an Option or Stock Appreciation Right.

  • Substitute Common Stock means the common stock issued by the issuer of the Substitute Option upon exercise of the Substitute Option.

  • Eligible Substitute Mortgage Loan With respect to a Mortgage Loan substituted by the Transferor for a Deleted Mortgage Loan, a Mortgage Loan which must, on the date of such substitution, (i) have a Principal Balance, (or, in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Principal Balance), not in excess of, and not more than 10% less than the Principal Balance of the Deleted Mortgage Loan; (ii) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iii) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (iv) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Section 2.03 hereof; (vi) be the same credit grade category as the Deleted Mortgage Loan; (vii) have the same prepayment penalty term; and (viii) not be a Cooperative Mortgage Loan unless the Deleted Mortgage Loan was a Cooperative Mortgage Loan.

  • Freestanding SAR means an SAR that is granted independently of any Options, as described in Article 7 herein.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Membership Unit means an outstanding common membership unit of the LLC.

  • Substitute Purchaser is defined in Section 21.

  • Substitute teacher means a person employed to perform the normal duties of a teacher who is absent.

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Substitute Loan As defined in Section 2.2.

  • Service unit means a standardized measure of consumption, use, generation, or discharge attributable to an individual unit of development calculated in accordance with generally accepted engineering or planning standards for a particular category of capital improvements.

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Appreciation Right means a right granted pursuant to Section 5 of this Plan, and shall include both Tandem Appreciation Rights and Free-Standing Appreciation Rights.

  • Primary substitute gift means the substitute gift created with respect to the primary devise.

  • Substitute Mortgage Loan A Mortgage Loan substituted by the Seller for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in a Request for Release, substantially in the form of Exhibit L, (i) have a Stated Principal Balance, after deduction of the principal portion of the Scheduled Payment due in the month of substitution, not in excess of, and not more than 10% less than the Stated Principal Balance of the Deleted Mortgage Loan; (ii) have an Adjusted Net Mortgage Rate not lower than the Adjusted Net Mortgage Rate of the Deleted Mortgage Loan, provided that the Master Servicing Fee for the Substitute Mortgage Loan shall be equal to or greater than that of the Deleted Mortgage Loan; (iii) have a maximum mortgage rate not more than 1% per annum higher or lower than the maximum mortgage rate of the Deleted Mortgage Loan; (iv) have a minimum mortgage rate specified in its related Mortgage Note not more than 1% per annum higher or lower than the minimum mortgage rate of the Deleted Mortgage Loan; (v) have the same mortgage index, reset period and periodic rate as the Deleted Mortgage Loan and a gross margin not more than 1% per annum higher or lower than that of the Deleted Mortgage Loan (vi) be accruing interest at a rate no lower than and not more than 1% per annum higher than, that of the Deleted Mortgage Loan; (iv) have a Loan-to-Value Ratio no higher than that of the Deleted Mortgage Loan; (vii) have a remaining term to maturity no greater than (and not more than one year less than that of) the Deleted Mortgage Loan; (viii) not be a Cooperative Loan unless the Deleted Mortgage Loan was a Cooperative Loan and (ix) comply with each representation and warranty set forth in Section 2.3 hereof.

  • Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.

  • Substitute Lender has the meaning specified in Section 2.18(a).

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Substitute care means the out-of-home placement of a child or young adult who is in the legal or physical custody and care of the Department.