Unit Firm means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from a specified generation asset or assets specified in the Transaction. The following Products shall be considered “Unit Firm” products:
Unit Firm means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from a generation asset or assets specified in the Transaction. Seller’s failure to deliver under a “Unit Firm” Transaction shall be excused: (i) if the specified generation asset(s) are unavailable as a result of a Forced Outage (as defined in the NERC Generating Unit Availability Data System (GADS) Forced Outage reporting guidelines) or (ii) by an event or circumstance that affects the specified generation asset(s) so as to prevent Seller from performing its obligations, which event or circumstance was not anticipated as of the date the Transaction was agreed to, and which is not within the reasonable control of, or the result of the negligence of, the Seller or (iii) by Buyer’s failure to perform. In any of such events, Seller shall not be liable to Buyer for any damages, including any amounts determined pursuant to Article Four.
Unit Firm means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from the generation asset or assets specified in the Transaction pursuant to the availability and delivery obligations set forth in Section 3.1 of this Agreement.
Examples of Unit Firm in a sentence
E0209-140898 Manufactured /Mobile Accommodation Unit AMobile Accommodation Unit Firm Price (Cdn)1Modular Unit:Make/Model #Includes insulated skirting - supplied and installed Lot Price $ BSite Insatallation and Set-up Firm Price (Cdn) Contractor must provide all material, supplies and labour for on-site installation including blocking (CSA approved), levelling, anchoring and insulated skirting to be provided within 10 days of delivery.
Unit Firm Capacity shall be a fully dispatchable product and the Company shall have the exclusive right to 100% of the net electrical output of the facility from which such fully dispatchable output will be delivered.
The order of the Inter-American Court is available at the following link: http://www.corteidh.or.cr/docs/medidas/almonte_se_011%20ing.pdf.
Proposals must offer a minimum of 50 MW of summer Unit Firm Capacity.
Management does not believe any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying financial statement.
More Definitions of Unit Firm
Unit Firm means, with respect to a Product, that the Product is intended to be supplied from the Project, and subject to the terms of this Agreement, Seller is excused from selling and delivering the Product to Buyer, and Seller shall not be liable to Buyer for any damages determined pursuant to Section 3.1(h) of the Agreement, in the event that Seller fails to deliver the Product to Buyer for any of the following reason:
Unit Firm means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from a generation asset or assets specified in the Transaction. Seller’s failure to deliver under a “Unit Firm” Transaction shall be excused: (i) if the specified generation asset(s) are unavailable as a result of a Forced Outage (as defined in the NERC Generating Unit Availability Data System (GADS) Forced Outage reporting guidelines) or (ii) by an event or circumstance that affects the specified generation asset(s) so as to prevent Seller from performing its obligations, which event or circumstance was not anticipated as of the date the Transaction was agreed to, and which is not within the reasonable control of, or the result of the negligence of, the Seller or (iii) by Buyer’s failure to perform. In any of such events, Seller shall not be liable to Buyer for any damages, including any amounts determined pursuant to Article Five.
Unit Firm in Schedule P is deleted in its entirety and the following substituted in its place: "Unit Firm" means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from a generation asset or assets specified in the Transaction. Unless otherwise limited pursuant to the terms and conditions of a Transaction, Seller's failure to deliver under a "Unit Firm" Transaction shall be excused: (i) if the specified generation asset(s) are unavailable as a result of a Forced Outage (as defined in the NERC Generating Unit Availability Data System (GADS) Forced Outage reporting guidelines) or (ii) by an event or circumstance that affects the specified generating asset(s) so as to prevent Seller from performing its obligations, which event or circumstance was not anticipated as of the date the Transaction was agreed to, and which is not within the reasonable control of, or the result of the negligence of, the Seller or (iii) by Buyer's failure to perform. In any of such events, Seller shall not be liable for any damages, including any amounts determined pursuant to Article Four. Original Sheet No. 16
Unit Firm means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from a generation asset or assets specified in the Transaction. Unless otherwise limited pursuant to the terms and conditions of a Transaction, Seller's failure to deliver under a "Unit Firm" Transaction shall be excused: (i) if the specified generation asset(s) are unavailable as a result of a Forced Outage (as defined in the NERC Generating Unit Availability Data System (GADS) Forced Outage reporting guidelines) or (ii) by an event or circumstance that affects the specified generating asset(s) so as to prevent Seller from performing its obligations, which event or circumstance was not anticipated as of the date the Transaction was agreed to, and which is not within the reasonable control of, or the result of the negligence of, the Seller or (iii) by Buyer's failure to perform. In any of such events, Seller shall not be liable for any damages, including any amounts determined pursuant to Article Four. Original Sheet No. 16
Unit Firm means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from a generation asset or assets specified in the Transaction. Seller's failure to deliver under a "Unit Firm" Transaction shall be excused: (i) if the specified generation asset(s) are unavailable as a result of a Forced Outage (as defined in the NERC Generating Unit Availability Data System (GADS) Forced Outage reporting guidelines) or (ii) by an event or circumstance that affects the specified generation asset(s) so as to prevent Seller from performing its obligations, which event or circumstance was not anticipated as of the date the Transaction was agreed to, and which is not within the reasonable control of, or the result of the negligence of, the Seller or (iii) by Buyer's failure to perform. In any of such events, Seller shall not be liable to Buyer for any damages, including any amounts determined pursuant to Article Four. Original Sheet No. 50 EXHIBIT A MASTER POWER PURCHASE AND SALE AGREEMENT CONFIRMATION LETTER This confirmation letter shall confirm the Transaction agreed to on November 30, 2001 between Electric Generation LLC ("Party A") and Pacific Gas and Electric Company ("Party B") regarding the sale/purchase of the Product under the terms and conditions as follows: Seller: Electric Generation LLC Buyer: Pacific Gas and Electric Company Product: [_] Into _________________, Seller's Daily Choice [_] Firm (LD) [_] Firm (No Force Majeure) [_] System Firm (Specify System: ______________________________________________) [X] Unit Firm
Unit Firm means, with respect to a Transaction, that the Product subject to the Transaction is intended to be supplied from a specified generation asset or assets specified in the Transaction. The following Products shall be considered “Unit Firm” products: ‘Peaking’ means with respect to a Transaction, a Product for which Delivery Periods coincide with Peak Periods, as defined by Buyer. ‘Baseload’ means with respect to a Transaction, a Product for which Delivery levels are uniform for all Delivery Periods. ‘Dispatchable’ means with respect to a Transaction, a Product for which Seller makes available unit-contingent capacity for a Buyer to schedule and dispatch up or down at Buyer’s option.” (End of STC 8.) (Source: D.04-06-014, Appendix A.)Modifiable STC 9: Non-Performance or Termination Penalties and Default Provisions default provisions The following provisions are offered as “Default Provisions” for the Agreement: Section 5.1 of the EEI Agreement shall be adopted in its entirety and included in the Agreement as follows:
Unit Firm is amended (A) by replacing subclause “(i)” thereof with the following: “