Common use of Deemed Generation Clause in Contracts

Deemed Generation. 4.6.1. On or after the Commercial Operation Date, in the event that CEB curtails the production of the Facility in a Contract Year due to the unavailability of the CEB System in any Contract Year for any reasons other than Force Majeure or on account of reasons solely attributable to Seller or breach of this Agreement by Seller, CEB shall, subject to Clause 10.2.1, be obliged to pay for the difference between the electrical energy that could have been exported by Seller and the Net Energy during such period over and above 24 (twenty four) hours ("Deemed Energy"), calculated at the relevant Tariff in accordance with Schedule I. For the avoidance of doubt, in respect of a period of less than 15 (fifteen) minutes, the Net Energy used in the calculation of Deemed Energy for this period shall be determined by prorating the Net Energy recorded over the block of 15 (fifteen) minutes.

Appears in 1 contract

Sources: Power Purchase Agreement

Deemed Generation. 4.6.1. On or after the Commercial Operation Date, in the event that CEB curtails the production of the Facility in a Contract Year due to the unavailability of the CEB System in any Contract Year for any reasons other than Force Majeure or on account of reasons solely attributable to Seller or breach of this Agreement by Seller, CEB SellerCEB shall, subject to Clause 10.2.1Error! Reference source not found., be obliged to pay for the difference between the electrical energy that could have been exported by Seller and the Net Energy during such period over and above 24 48 (twenty fourforty eight) hours ("Deemed Energy"), calculated at the relevant Tariff in accordance with Schedule I. For the avoidance of doubt, in respect of a period of less than 15 (fifteen) minutes, the Net Energy used in the calculation of Deemed Energy for this period shall be determined by prorating the Net Energy recorded over the block of 15 (fifteen) minutes.

Appears in 1 contract

Sources: Power Purchase Agreement