Common use of Guaranteed Ramp Rate Clause in Contracts

Guaranteed Ramp Rate. Seller guarantees a minimum response rate of xxx percent (xx% Seller to insert percentage) of the Contract capacity per minute (“Guaranteed Ramp Rate”). The Ramp Rate test will be conducted in accordance with the procedure described below. In the event that the Project fails to achieve the Guaranteed Ramp Rate, the Seller shall promptly place the Project in a Forced Outage and resolve any issues such that the Project can successfully achieve the Guaranteed Ramp Rate. The period of Forced Outage shall be reflected in the Availability Adjustment for Monthly Capacity Payment (Appendix 6).

Appears in 7 contracts

Samples: Operate Transfer Agreement, Operate Transfer Agreement, Operate Transfer Agreement

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