Operable Capability Clause Samples
The Operable Capability clause defines the requirement that a system, equipment, or process must be functional and able to perform its intended operations as specified in the contract. In practice, this means that the delivered product or service must be ready for use and meet all operational criteria before it is accepted by the receiving party. For example, a piece of machinery would need to pass performance tests to demonstrate it can operate as required. This clause ensures that the buyer receives a fully functional and usable product, thereby reducing the risk of accepting incomplete or non-working deliverables.
Operable Capability. The portion of Installed Capability of the ------------------- Facility which is operating or available to respond within an appropriate period (as defined by NEPOOL) to the ISO-NE call to meet the Energy requirements of the NEPOOL operating area.
Operable Capability. Entitlement is (a) the right to all or a portion of the Operable Capability of a generating unit or units to which an Entity is entitled as an owner (either sole or in common) or as a purchaser pursuant to a Unit Contract, (b) reduced by any portion thereof which such Entity is selling pursuant to a Unit Contract, and (c) further reduced or increased, as appropriate, to recognize rights to receive or obligations to supply Operable Capability pursuant to Firm Contracts or System Contracts in accordance with Section 14.7(a). An Operable Capability Entitlement relating to a unit or units may, but need not, be combined with any other Entitlements relating to such generating unit or units, and may be transferred separately from the related Installed Capability Entitlement, Energy Entitlement, Operating Reserve Entitlements, or AGC Entitlement.
Operable Capability. 40 1.68 [Deleted]..................................................40 1.69 [Deleted]. ................................................40 1.70 [Deleted]. ................................................40 1.71