Support Year definition
Examples of Support Year in a sentence
The Storage Capacity Rebate for a Support Year is calculated as follows: GSY = CSY x SCPSY where: GSY = the Storage Capacity Rebate for the Support Year (in $); CSY = the Annual Support Amount for the relevant Support Year (in $); and SCPSY = the Storage Capacity Rebate Percentage for the Support Year (expressed as a percentage).
Where any of paragraphs (a) and (c) of the definition of Support Year apply, the Annual Revenue Floor and Annual Revenue Ceiling will be adjusted proportionally, having regard to the number of days in the relevant partial year as a percentage of the total number of days in a full calendar year.
The number of rows in the table below should reflect the number of Support Years which apply to this Agreement noting that if the first Support Year does not commence on 1 July, there will need to be one more Support Year in the table below than there are years of support being sought because the first and last Support Years will be only part of a year.
The Annual Reconciliation Payment for each Support Year during the Support Period is calculated as follows: ASY = BSY - ∑ Bq Where: ASY = the Annual Reconciliation Payment for the relevant Support Year; BSY = the Net Annual Payment for the relevant Support Year; and ∑ Bq = the aggregate of the Quarterly Payments to which the Operator is entitled for the first three Quarters of the relevant Support Year.
Subject to this clause 10.3, where the Equivalent Availability Factor for the Facility in any Support Year is less than 90%, the Availability Rebate will apply in accordance with Schedule 4.
The revised fees shall be notified to the Customer in advance of any renewal date and will take effect as from the commencement of the following Support Year.
The expenses related to the organisation of the special sav ings shareholders meetings and the remuneration of the common representatives of sav ings shareholders shall be borne by theCompany .6.6 The sav ings shareholders’ organisation is gov erned by law and by these By laws.
For the avoidance of doubt, no refund, credit or cancellation of all or part of an annual support & maintenance fee that falls due will be given to the Customer if the Customer fails to give such notice, and no pro rata refund, credit or cancellation will be given to the Customer of the annual support & maintenance fee in respect of any current Support Year irrespective of the period of notice given.
Subject to this clause 10.3, where the energy storage capacity for the Facility for each Support Year is less than 100%, the Storage Rebate will apply in accordance with Schedule 4.
The Storage Capacity Rebate Percentage for a Support Year is calculated as follows: SCPSY = (SCSY - MSOC - TSCSY) / (SCSY - MSOC) where: SCPSY = the Storage Capacity Rebate Percentage for the Support Year (expressed as a percentage); SCSY = the Storage Capacity for that Support Year; MSOC = the Minimum State of Charge; and TSCSY = the Tested Storage Capacity as determined under section 5.4, provided that if the Storage Capacity Rebate Percentage is less than 0% then it will be deemed to be 0%.