Supplemental Reserve definition

Supplemental Reserve means a combination of spinning reserve, qualified interruptible load, qualified quick-start generating capacity or pre-scheduled assistance from another system which can be fully utilized within ten minutes.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Supplemental Reserve means the reserves established at the Closing Date in the amount of $4,000,000, which Supplemental Reserve shall decrease by $135,000 per month on the first day of each of the first eleven (11) months following the Closing Date. On the first anniversary of the Closing Date and at all times thereafter, the Supplemental Reserve shall be set at $2,500,000 and shall not be reduced.

Supplemental Reserve means contingency reserve that is(i) generation capable of being connected to the interconnected electric system and loaded within ten (10) minutes; or(ii) load connected to the interconnected electric system which can be reduced within ten (10) minutes. [ Rules (2014-12-23) ] "supply transmission service (STS)" means service under Rate Schedule Supply Transmission Service. [ Rules (2003-06-01) ]

Examples of Supplemental Reserve in a sentence

Such determination will take into account whether sufficient funds are available in the Supplemental Reserve Account to pay the related Purchase Option Price, and if such funds are not then available in the Supplemental Reserve Account, the Borrower shall make a determination, in accordance with the Purchase Standard, whether to exercise such Purchase Option as soon thereafter as such funds are available in the Supplemental Reserve Account.
The Billing Factor for energy delivered when Supplemental Reserve Service is called upon is the energy delivered, in kilowatthours.
The taxpayer identification number associated with the Collection Account, the Liquidity Reserve Account, Supplemental Reserve Account, SAP Revenue Account, and Takeout Transaction Account shall be that of the Borrower, and the Borrower shall report for federal, state and local income tax purposes the income, if any, earned on funds in such accounts.
BPA will post on its OASIS Web site the Supplemental Reserve Requirement.
All investments of funds on deposit in the Collection Account, the Liquidity Reserve Account, Supplemental Reserve Account, SAP Revenue Account, or Takeout Transaction Account shall be uninvested so that such funds will be available on the Business Day immediately preceding the date on which the funds are to be disbursed from such account, unless otherwise expressly set forth herein.
The names and addresses of the Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP Lockbox Account, the SAP Revenue Account, the Takeout Transaction Account and the Borrower’s Account are specified on Schedule II attached hereto, as updated pursuant to Section 5.1(Q).
From the date such new Collection Account, Supplemental Reserve Account, Liquidity Reserve Account, SAP Revenue Account, or Takeout Transaction Account is established, it shall be the “Collection Account,” “Supplemental Reserve Account,” “Liquidity Reserve Account,” “SAP Revenue Account,” or “Takeout Transaction Account” hereunder, as applicable.
Notwithstanding the foregoing or any other provision to the contrary in this Agreement or any other Transaction Document, in no event shall the Paying Agent be required to report, track, calculate or monitor the value, available amount or any other information regarding any Letter of Credit for any party hereto or beneficiary of or under the Supplemental Reserve Account, except as expressly required pursuant to this Section 8.2(D).
Notwithstanding the foregoing, the Borrower neither has nor shall have any control over the Collection Account, the Supplemental Reserve Account, the Liquidity Reserve Account, the SAP Lockbox Account, the SAP Revenue Account or the Takeout Transaction Account.
All interest and other income (net of losses and investment expenses) on funds on deposit in the Supplemental Reserve Account shall, upon the written direction of the Servicer, be paid to the Seller on any Payment Date to the extent that funds on deposit therein prior to making any deposits or withdrawals therefrom on such Payment Date, as certified by the Servicer, exceed the Maximum Supplemental Reserve Amount.

More Definitions of Supplemental Reserve

Supplemental Reserve means, a Reserve established by Agent, in Agent’s sole discretion, upon completion of the Sale-Leaseback Transaction, in an amount equal to the Net Tampa Proceeds.

Supplemental Reserve means $6,500,000.

Supplemental Reserve means, $2,500,000.

Supplemental Reserve means from the Closing Date up to the Supplemental Reserve Release Date, an amount equal to $10,000,000, and from and after the Supplemental Reserve Release Date, an amount equal to $0, except, that, if clause (a) under the definition of Supplemental Reserve Release Date is satisfied, the amount of the Supplemental Reserve shall be the lesser of (a) $10,000,000 and (b) the then outstanding and unpaid amounts due in connection with the final settlement of the FCPA Action pursuant to binding settlement agreements satisfactory to Agent.