Ordered Volume or Ordered Volume of Flexibility Sample Clauses

The "Ordered Volume or Ordered Volume of Flexibility" clause defines the specific quantity of goods or services that a buyer commits to purchase from a supplier, often with an allowance for some variation or flexibility in the exact amount. In practice, this clause may set a minimum and maximum range for orders, enabling the buyer to adjust their requirements within agreed limits based on actual demand or operational needs. Its core function is to provide both parties with predictability and flexibility, ensuring the supplier can plan production while the buyer retains the ability to respond to changing circumstances without breaching the contract.
Ordered Volume or Ordered Volume of Flexibility. The volume of energy requested by ▇▇▇▇ during an activation of flexibility as part of the provision of Balancing Services and/or Strategic Reserve Services and/or congestion management services. Physical Nomination: Day-Ahead and/or Intraday Physical Nomination.
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Related to Ordered Volume or Ordered Volume of Flexibility

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Delivery Point The delivery point is the point of delivery of the Power Product to the CAISO Controlled Grid (the “Delivery Point”). Seller shall provide and convey to Buyer the Power Product from the Generating Facility at the Delivery Point. Title to and risk of loss related to the Power Product transfer from Seller to Buyer at the Delivery Point.

  • Interconnection Customer Provided Services The services provided by Interconnection Customer under this LGIA are set forth in Article 9.6 and Article 13.5. 1. Interconnection Customer shall be paid for such services in accordance with Article 11.6.