Availability Requirement definition

Availability Requirement means the minimum required Availability of the generating unit, measured on an hourly basis and regardless of whether or not dispatched.

Availability Requirement has the meaning set forth in Section 5.1. "Available" has the meaning set forth in Section 5.1.

Availability Requirement has the meaning set forth in Section 5.1.

Examples of Availability Requirement in a sentence

• Supplier will continuously monitor and manage the Services to optimize Availability that meets or exceeds the Availability Requirement.

• Supplier will continuously maintain the Services to optimize Availability that meets or exceeds the Availability Requirement.

• Within thirty (30) days after the end of each Service Period, Supplier will provide to the University a report describing the Availability and other performance of the Services during that calendar month as compared to the Availability Requirement.

• Unacceptable response times shall be considered to make the Software unavailable and will count against the Availability Requirement.

• Supplier acknowledges and agrees that any credits assessed under the Service Level Agreement: (a) is a reasonable estimate of and compensation for the anticipated or actual harm to the University that may arise from not meeting the Availability Requirement, which would be impossible or very difficult to accurately estimate; and (b) may, at the University’s option, be credited or set off against any Fees or other charges payable to Supplier under this Agreement or be payable to the University upon demand.

More Definitions of Availability Requirement

Availability Requirement has the meaning set forth in Section 2(a). “Available” has the meaning set forth in Section 2(a).

Availability Requirement means, in respect of each Month, the Monthly Availability specified in Section [4.1], expressed as a percentage or decimal, as applicable.

Availability Requirement means (a) $10,000,000 at any time prior to the Substantial RoadOne Disposition, and (b) $6,000,000 at any time thereafter.

Availability Requirement means 99.5% Service availability, as measured over the applicable Service Period, excluding only the time the Services are not Available solely as a result of one or more Exceptions.

Availability Requirement has the meaning contained in Exhibit B.

Availability Requirement means (a) $10,000,000 at any time prior to one or more sales of assets of the RoadOne Borrowers (other than sales or dispositions of Fleet Vehicles in the ordinary course of business that are obsolete or no longer used or useful in the RoadOne Borrowers’ business, provided such Fleet Vehicles are replaced with replacement Fleet Vehicles within 90 days after any such sale or disposition) on or after the Closing Date with a Net Senior Creditors Proceeds value, in the aggregate, greater than or equal to $35,976,338 and (b) $9,000,000 at any time thereafter.

Availability Requirement means, with respect to a Borrower at any time, an amount equal to the product of (i) (x) the Availability of such Borrower at such time calculated without giving effect to clause (e) thereof, divided by (y) the aggregate Availability of all Borrowers at such time calculated without giving effect to clause (e) thereof, multiplied by (ii) $10,000,000.