Sufficient Power Potential definition

Sufficient Power Potential means that Power Potential which, in the sole judgment of Lessee shall be sufficient for the Commercial sale or utilization thereof, or shall warrant the construction of facilities for the Commercial sale or other utilization thereof, or shall justify additional drilling or other operations on the leased land;
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Sufficient Power Potential as used herein shall be deemed to mean that Power Potential which shall be reasonably sufficient for the commercial sale or utilization thereof, or shall warrant the construction of facilities for the commercial sale or other utilization thereof, or shall justify additional drilling or other operations on the Leased Land; but such Sufficient Power Potential shall in any event have a generating capacity of at least 1,000 kilowatts;
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Examples of Sufficient Power Potential in a sentence

  • For the second five (5) year period of the lease, Lessee shall, on or before each succeeding anniversary date during the primary term hereunder, pay or tender to Lessor an annual rental in the amount of SEVEN DOLLARS AND FIFTY CENTS ($7.50) per acre, until such time as from the drilling of a well or xxxxx on the leased land, or lands pooled, unitized or combined therewith, there has been established to the satisfaction of the Lessee the existence of Sufficient Power Potential in Commercial quantities.

  • For the second five (5) year period of the lease, Lessee shall, on or before each succeeding anniversary date during the primary term hereunder, pay or tender to Lessor an annual rental in the amount of FIFTEEN DOLLARS ($15.00) per acre , until such time as from the drilling of a well or xxxxx on the leased land, or lands pooled, unitized or combined therewith, there has been established to the satisfaction of the Lessee the existence of Sufficient Power Potential in Commercial quantities.

  • As a further condition of this lease, Lessee must develop the Pooled Lands with due diligence, taking into consideration good geothermal exploration and development practices, and in connection therewith Lessee shall furnish to Lessor's designated consultant, as reasonably requested by Lessor, evidence of Lessee's diligence and basis of determination of the capability of production of Sufficient Power Potential and/or Extractable Minerals in Commercial quantities.

  • For the second five (5) year period of the lease, Lessee shall, on or before each succeeding anniversary date during the primary term hereunder, pay or tender to Lessor an annual rental in the amount of FIVE DOLLARS ($5.00) per acre, until such time as from the drilling of a well or xxxxx on the leased land, or lands pooled, unitized or combined therewith, there has been established to the satisfaction of the Lessee the existence of Sufficient Power Potential in Commercial quantities.

Related to Sufficient Power Potential

  • relevant power means any power, whether exercisable by voting or otherwise and whether excisable alone or in association with others-

  • net power means the power obtained on a test bench at the end of the crankshaft or its equivalent at the corresponding engine speed with the auxiliaries and equipment listed in Table 1 of Annex 4 to this Regulation, determined under reference atmospheric conditions;

  • Market power means the ability to impose on customers a sustained price for a product or service above the price that would prevail in a competitive market.

  • Station Power means energy used for operating the electric equipment on the site of a generation facility located in the PJM Region or for the heating, lighting, air-conditioning and office equipment needs of buildings on the site of such a generation facility that are used in the operation, maintenance, or repair of the facility. Station Power does not include any energy (i) used to power synchronous condensers; (ii) used for pumping at a pumped storage facility; (iii) used in association with restoration or black start service; or (iv) that is Direct Charging Energy. Surplus Interconnection Customer:

  • Power Pool means the scheme operated by the Independent System Operator under the Act for exchange of Energy and financial settlement for the exchange of Energy;

  • Reactive Power means the wattless component of the product of voltage and current, which the Facility shall provide to or absorb from the Grid System within the Technical Limits and which is measured in MVAR;

  • Repower means to replace an existing engine with a newer, cleaner engine or power source that is certified by EPA and, if applicable, CARB, to meet a more stringent set of engine emission standards. Repower includes, but is not limited to, diesel engine replacement with an engine certified for use with diesel or a clean alternate fuel, diesel engine replacement with an electric power source (e.g., grid, battery), diesel engine replacement with a fuel cell, diesel engine replacement with an electric generator(s) (genset), diesel engine upgrades in Ferries/Tugs with an EPA Certified Remanufacture System, and/or diesel engine upgrades in Ferries/Tugs with an EPA Verified Engine Upgrade. All-Electric and fuel cell Repowers do not require EPA or CARB certification.

  • Material Contact means contact in person, by telephone, or by paper or electronic correspondence in furtherance of the Business of the Company.

  • designated authority means such authority as may be notified by the Commissioner;

  • Significant Portion means, for purposes of the casualty provisions set forth in Article XI hereof, damage by fire or other casualty to the Real Property and the Improvements or a portion thereof, the cost of which to repair would exceed ten percent (10%) of the Purchase Price.

  • Queue Position means the priority assigned to an Interconnection Request, a Completed Application, or an Upgrade Request pursuant to applicable provisions of Tariff, Part VI.