Unavailability Event definition

Unavailability Event means an incident or state of affairs which causes one or more Functional Units to be Unavailable; and

Unavailability Event has the meaning set out in Schedule 8 [Payments];

Unavailability Event means an incident or state of affairs which causes one or more Functional Units to be Unavailable;

Examples of Unavailability Event in a sentence

• If the starting time of such Unavailability Event is unknown, such Unavailability Event shall be deemed to have started the earlier of the moment it was (a) discovered by Developer or (b) reported to Developer by the Department or by a third party.

• Each Unavailability Event shall be deemed to persist during each hour thereafter until such Unavailability Event is resolved.

• An Unavailability Event occurring at anytime during an hour shall be deemed to have started at the beginning of the hour, and an Unavailability Event that ends at anytime during an hour shall be deemed to have ended at the end of that hour.

• For greater certainty, following a Price Indicator Unavailability Event, the Dynamic Capabilities Payment shall continue to be payable by the Counterparty pursuant to Section 4.2(c).

• For purposes of Article 4 and Exhibit 4.2, following a Price Indicator Unavailability Event, each reference to HOEP (or the replacement value for HOEP under LMP as determined through the application of Section 1.7, or the Replacement Price referred to in Section 1.8, as the case may be) shall be deemed to be a reference to the applicable Actual Hourly Energy Payment.

More Definitions of Unavailability Event

Unavailability Event means an incident or state of affairs which causes one or more Functional Units within the New Facility to be Unavailable; and

Unavailability Event has the meaning set forth in Appendix 11 (Deductions).

Unavailability Event means any single, continuous period during which the Facility is unable to deliver energy pursuant to a Schedule, in whole or in part, due to a Scheduled Outage, Maintenance Outage, Forced Outage, Forced Derate or a Force Majeure Event.

Unavailability Event has the meaning set forth in Section 1.1 (Definitions) of Exhibit X-2 (Deductions).

Unavailability Event has the meaning given to it in paragraph 5.5 of Schedule 10 (Payment Mechanism); Unavailability Points means points attached to Unavailability which accrue in any one Payment Period and which are converted into Deductions using the Conversion Factor;

Unavailability Event has the meaning given in paragraph 2.1 of Part 4 of Schedule 6. "Unavailability Event (%)" has the meaning given in paragraph 2.6.2 of Part 4 of Schedule 6.

Unavailability Event has the meaning given to it in Paragraph 5.1 of Part A (Contract Management) of Schedule 4 (Contract Management and Compliance);