Capacity Calculation Sample Clauses

Capacity Calculation. The Parties shall account for Interchange Capacity service on a calendar week basis and the Receiving Party shall pay for it at the rate provided in subsection 14(c), Interchange Capacity Imbalances. Such payment shall be based on the maximum amount requested and delivered during any hour as Interchange Capacity; provided if the Supplying Party is subsequently unable during that calendar week to deliver Interchange Capacity as great as the rate at which Interchange Capacity was previously delivered during such week, the lower amount shall be the Interchange Capacity delivered during such calendar week.
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Capacity Calculation. The Receiving Party shall pay the Supplying Party the capacity charge provided in paragraph 14(d)(1), Capacity, for transfers of energy pursuant to paragraphs 9(n)(1) and 9(n)(2) above as follows. Transfers due to Forced Outages shall be accounted for on a calendar week basis. The capacity measurement for purposes of such charge shall be based upon the maximum amount requested and delivered during any hour; provided if the Supplying Party is unable during that calendar week to deliver subsequent transfer(s) at a rate equal to the initial transfer rate, the capacity measurement shall be reduced to the lesser amount.
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Capacity Calculation. The Contract Capacity of the Project shall be the lesser of the Project’s Charging Capacity or Discharging Capacity measured pursuant to Part IV.B. above.
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Capacity Calculation. Capacity available on Greece-Italy SUD border in day-ahead and intraday timeframes is in principle equal to 500 MW (when the Italy Greece DC cable is in operation) or to 0 MW (when the DC cable is out of service); in very seldom cases an intermediate value is offered to take into account some limitations due to faults in some equipment. Neglecting these very rare intermediate values, the 50° percentile thus results equal to 500 MW (when the cable was in operation for at least 50% of the hours of the two years before) or 0 MW (if an outage occurred in the past two years for more than 50% of the time). The floor value, being related to the 95° percentile, is instead expected to be 50 MW3. As a consequence, yearly capacity may be either 500 MW (when 50° percentile is 500 MW) or 50 MW (when 50° percentile is 0 MW and floor value applies). Monthly capacity, instead, may be either 0 MW (when a planned outage is expected for a given day4) or 500 MW. GRIT NRAs understand the reasons behind the TSOs’ choice, nonetheless they wonder whether a full statistical analysis is the best approach to compute the long-term cross-zonal capacity for a single line DC border as the Greece-Italy SUD one, where the full thermal capacity is usually offered to the market if the cable is in operation. For such borders, in fact, according to a security analysis, yearly capacity should be assumed equal to the cable thermal capacity (there is usually no need to limit cross-zonal exchanges because of local issues in Italian and Greek networks): prolongated planned unavailability of the cable shall be taken into account by auctioning products with reduction periods (i.e. not available during the planned outages). Monthly capacity should be assumed instead equal to the cable thermal capacity if the cable is expected to be in operation for the given day or 0 MW if the cable is planned to be out of service. XXXX XXXx are invited to elaborate on this topic and to evaluate whether it’s possible to overcome the statistical approach for the Greece-Italy SUD border in favor of the security analysis approachas suggested above. The conclusions of the analysis and the reasons behind the adopted choice shall be cited in the methodology and, if needed, properly detailed in a technical annex to the methodology itself. Italian internal bidding zone borders Capacity calculation GRIT TSOs propose the same statistical approach for AC and DC bidding zone borders: GRIT NRAs consider the statistical approach s...
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Related to Capacity Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

  • Offense Level Calculations i. The base offense level is 7, pursuant to Guideline § 2B1.1(a)(1).

  • Pro Forma Calculations Notwithstanding anything to the contrary herein (subject to Section 1.02(j)), the First Lien Net Leverage Ratio, the Total Net Leverage Ratio and the Fixed Charge Coverage Ratio and Consolidated Net Tangible Assets shall be calculated (including for purposes of Sections 2.14 and 2.15) on a Pro Forma Basis with respect to each Specified Transaction occurring during the applicable four quarter period to which such calculation relates, and/or subsequent to the end of such four-quarter period but not later than the date of such calculation; provided that notwithstanding the foregoing, when calculating the First Lien Net Leverage Ratio for purposes of (i) determining the applicable percentage of Excess Cash Flow for purposes of Section 2.05(b), (ii) the Applicable Rate, (iii) the Applicable Commitment Fee and (iv) determining actual compliance (and not Pro Forma Compliance or compliance on a Pro Forma Basis) with the Financial Covenant, any Specified Transaction and any related adjustment contemplated in the definition of Pro Forma Basis (and corresponding provisions of the definition of Consolidated EBITDA) that occurred subsequent to the end of the applicable four quarter period shall not be given Pro Forma Effect. For purposes of determining compliance with any provision of this Agreement which requires Pro Forma Compliance with the Financial Covenant, (x) in the case of any such compliance required after delivery of financial statements for the fiscal quarter ending on or about June 30, 2014, such Pro Forma Compliance shall be determined by reference to the maximum First Lien Net Leverage Ratio permitted for the fiscal quarter most recently then ended for which financial statements have been delivered (or were required to have been delivered) in accordance with Section 6.01, or (y) in the case of any such compliance required prior to the delivery referred to in clause (x) above, such Pro Forma Compliance shall be determined by reference to the maximum First Lien Net Leverage Ratio permitted for the fiscal quarter ending June 30, 2014. With respect to any provision of this Agreement (other than the provisions of Section 6.02(a) or Section 7.08) that requires compliance or Pro Forma Compliance with the Financial Covenant, such compliance or Pro Forma Compliance shall be required regardless of whether the Lux Borrower is otherwise required to comply with such covenant under the terms of Section 7.08 at such time. For purposes of making any computation referred to above:

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • Financial Covenant Calculations The parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 5.9 and for purposes of determining the Applicable Percentage, (i) after consummation of any Permitted Acquisition, (A) income statement items and other balance sheet items (whether positive or negative) attributable to the Target acquired in such transaction shall be included in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness of a Target which is retired in connection with a Permitted Acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period and (ii) after any asset disposition permitted by Section 6.4, (A) income statement items, cash flow statement items and balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to the Borrower and the Administrative Agent and (B) Indebtedness that is repaid with the proceeds of such asset disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period.

  • Calculation Each of the foregoing ratios and financial requirements shall be calculated as of the last day of each Fiscal Quarter.

  • Interest Calculation Except as otherwise stated in this Agreement, all interest and fees, if any, will be computed on the basis of a 360-day year and the actual number of days elapsed. This results in more interest or a higher fee than if a 365-day year is used. Installments of principal which are not paid when due under this Agreement shall continue to bear interest until paid.

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Calculations All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

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