FACILITY TESTS Sample Clauses
The FACILITY TESTS clause defines the procedures and requirements for testing a facility or system to ensure it meets specified performance and operational standards before it is accepted by the client or put into service. Typically, this clause outlines the types of tests to be conducted, the responsibilities of each party during testing, and the criteria for passing or failing the tests. For example, it may require the contractor to demonstrate that all equipment operates correctly under normal and peak conditions. The core function of this clause is to verify that the facility is fully functional and compliant with contractual specifications, thereby reducing the risk of defects or operational failures after handover.
FACILITY TESTS. Prior to achieving Commercial Operations and in each Measurement Period, unless waived by Company, Seller shall demonstrate that the Facility satisfies the following: Maintains output provided by the Company through a control setpoint, as measured at the Point of Interconnection, and is able to continuously dispatch the full Contract Capacity (the “Capacity Test”) Demonstrates the charging/discharging requisite to satisfy the performance standard set forth in Section 3(w) (Round Trip Efficiency) of Attachment B (Facility Owned by Seller) (the “RTE Test”) The RTE Test requires measurement of “Charging Energy” at the Point of Interconnection (MWh from the grid) from Facility 0% State of Charge to bring the Facility to a 100% State of Charge, followed by measurement of the MWh delivered to the grid to bring the Facility to a 0% State of Charge. The RTE Test will be conducted concurrently with the Capacity Test. The Capacity Test can only be performed when the Facility is at the lower of: (i) its maximum State of Charge or (ii) 100% State of Charge prior to the start of the Capacity Test and during the Capacity Test the Company Dispatch/Charge allows for continuous dispatch of the Facility to 0% State of Charge with energy delivered to the Point of Interconnection. For the purposes of evaluating the Capacity Test, the “Capacity Ratio” shall be equal to the number, expressed as a percentage, equal to the total MWh delivered to the Point of Interconnection during the Capacity Test, divided by the Contract Capacity. Further, the Capacity Test will be deemed to be “passed” or “satisfied” to the extent the Capacity Ratio is not less than 100% (the “Capacity Performance Metric”). For the purposes of evaluating the RTE Test, the RTE Ratio shall be equal to the number, expressed as a percentage, equal to the total MWh delivered to the Point of Interconnection during the Capacity Test, divided by the “Charging Energy” measured at the Point of Interconnection. For purposes of the RTE Test, the charging cycle shall begin when the Facility is at a 0% State of Charge prior to the commencement of the Capacity Test and the Charging Energy is the amount of energy imported from the grid, as measured at the Point of Interconnection, that brings the Facility to a 100% State of Charge. The formula is RTE Ratio = MWh discharge ÷ MWh charge. The RTE Test will be deemed to have been “passed” or “satisfied” to the extent the RTE Ratio is not less than the performance standard (the “R...
FACILITY TESTS. Contractor shall conduct the Availability Test and Functional Test for the Facility in accordance with Exhibit 25, and when Contractor believes that the Facility can satisfy the Minimum Capacity Level, Contractor shall conduct the Power Plant Controller Test and the Capacity Test in accordance with Exhibit 14B or Exhibit 14C, as applicable. Contractor shall submit a test report for each Facility Test within five (5) Days after the completion thereof, which test report shall include a summary of such Facility Test and the results for such test. Owner and Contractor will negotiate in good faith to agree upon detailed testing procedures that comply with the protocols set forth in Exhibit 14B, Exhibit 14C and Exhibit 25.
FACILITY TESTS. (i) On the Drawdown Date, no LTV Event has occurred which is continuing and the making of the Loan will not cause the occurrence of an LTV Event.
(ii) On the Drawdown Date, in the case of a Loan made after the DSCR Commencement Date, either (1) no DSCR Cash Trap Event has occurred which is continuing or (2) if a DSCR Cash Trap Event was continuing prior to such Drawdown Date, the DSCR after giving effect to the making of the Loan would be equal to or greater than the DSCR immediately prior to such Drawdown Date, calculated on a pro forma basis including the contractual cashflows from the related Asset.
(iii) On the Drawdown Date, after giving effect to the making of the Loan and related acquisition of Assets, WLFC or the Borrower shall have invested the Minimum Equity Amount in the Assets, as certified by an Authorized Representative of the Borrower.
(iv) After giving effect to the making of the Loan and related acquisition of Assets, no Concentration Breach Event shall have occurred and be continuing.
FACILITY TESTS. (i) On the Drawdown Date, no LTV Event has occurred which is continuing and the making of the Loan will not cause the occurrence of an LTV Event.
(ii) On the Drawdown Date, in the case of a Loan made after the DSCR Commencement Date, either (1) no DSCR Cash Trap Event has occurred which is continuing or (2) if a DSCR Cash Trap Event was continuing prior to such Drawdown Date, the DSCR after giving effect to the making of the Loan would be equal to or greater than the DSCR immediately prior to such Drawdown Date, calculated on a pro forma basis including the contractual cashflows from the related Asset.
(iii) On the Drawdown Date, after giving effect to the making of the Loan and related acquisition of Assets, WLFC or the Borrower shall have invested the Minimum Equity Amount in the Assets, as certified by an Authorized Representative of the Borrower.
(iv) After giving effect to the making of the Loan and related acquisition of Assets, no Concentration Breach Event shall have occurred and be continuing. - 84 -#4921-3226-4509v1#4921-3226-4509v7 (l) Other Asset Related Conditions. With respect to each Owned Asset and each Underlying Asset related to a Loan Asset, in either case which is the subject of such Loan, the following conditions shall be satisfied in the reasonable opinion of the Administrative Agent (in consultation with the Required Lenders): (i)
FACILITY TESTS. 98 Section 7.01.