Target Availability shall have the meaning as ascribed hereto in Article 8.2 of this Agreement;
Target Availability is the target level of Availability, currently 99.9% or greater.
Target Availability means the percentage Availability (for a particular Contract Year) that the Supplier has committed under the terms of this Agreement to maintaining the Facility over the period of a given Contract Year, reflecting adjustments for forced outages and planned maintenance, as stated in Exhibit C to this Agreement.
Examples of Target Availability in a sentence
If the availability of any Element or the Project is below the Target Availability, for six consecutive months in a Contract Year, the DIC(s) or the Nodal Agency may issue a show cause notice to the TSP, asking them to show cause as to why the Transmission Service Agreement be not terminated, and if no satisfactory cause is shown it may terminate the Agreement.
The Target Availability of each Element and the Project shall be 98%.
More Definitions of Target Availability
Target Availability means with respect to each Unit, the number of watt-hours of Electricity it is forecast such Unit will be capable of generating during each Settlement Period of the Effective Term, as determined in accordance with Schedule D;
Target Availability means commercially reasonable efforts by ISOSEC to achieve Service Availability of at least 99.9%, as measured in periods of time not shorter than one calendar month.
Target Availability means an Availability of Ninety-Nine and 9/10 Percent (99.9%).
Target Availability means the guaranteed availability standards included in the Target Availability Table below.
Target Availability means the availability standard of 99.5% during Service Availability in a quarter, excluding any SLA Exclusions. Target Availability is measured as follows: Uptime Percentage= X/(Y-Z)*100 Where: discretion. The following table provides the matrix of Incident category in relation to the support to be provided by Surecomp and X= Services availability Y = 24*7 duration (in minutes) Z= The duration (in minutes) of any SLA Exclusions during the applicable quarter
Target Availability refers to the percentage Availability (for a particular Contract Year) that the Supplier has committed under the terms of this Agreement to maintaining the Facility over the period of a given Contract Year, reflecting adjustments for forced outages and planned maintenance, as stated in Exhibit C to this Agreement.
Target Availability means the target availability in percentage terms and is set at 98 per cent."Tender Regulations"means the Electricity (Competitive Tenders for Offshore Transmission Licences) Regulations 2015."Tender Relevant Year"means the Relevant Year in which the date that the tender exercise to which the grant of this licence relates was concluded, falls."Tender Revenue Stream" or "TRSt"means the value set out in paragraph 4 of amended standard condition E12–J2 (Restriction of Transmission Revenue: Revenue from Transmission Owner Services)."Transmission Entry Capacity"means the figure specified as such for a connection site in a transmission owner construction agreement in accordance with the STC as at the date this condition comes into force."Transmission Network Charges"means charges levied by the System Operator in respect of the provision of Transmission Network Services."Transmission Owner Services"means all services provided as part of the Transmission Business other than Excluded Services."Transmission Service Reduction"means a reduction in Transmission Services from the parameters and levels set out in the Services Capability Specification as a result of an outage or Services Reduction.Transmission System Areameans the area specified in Annex A of amended standard condition E12-B1 (Transmission System Area)."Transmission System Availability Incentive" or "AIt"means the revenue adjustment calculated in accordance with the formula set out in Part A of amended standard condition E12–J4 (Restriction of Transmission Revenue: Annual Revenue Adjustments).“Uninsurable”means that the Authority determines either that:(a) Insurance is not available to the licensee in respect of all or part of its Transmission Assets in the Worldwide Offshore Transmission Asset Insurance Market with reputable insurers of good standing in respect of a Risk; or