Reactive Amount Clause Samples

The "Reactive Amount" clause defines a specific sum or value that becomes payable or adjustable in response to certain triggering events or conditions outlined in the contract. Typically, this amount is calculated based on predefined formulas or criteria, such as changes in market rates, performance metrics, or the occurrence of specified breaches. By clearly establishing how and when the reactive amount is determined and paid, this clause ensures both parties understand their financial obligations and helps manage risk associated with variable or contingent liabilities.
Reactive Amount. [THESE REQUIREMENTS MAY BE CHANGED BY COMPANY UPON COMPLETION OF THE IRS.] (i) The Facility must deliver power up to the Allowed Capacity at a power factor between 85% lagging and 90% leading to the Company System as illustrated in the [generator capability] curve(s) attached to this Agreement as Exhibit B-2 (Generator Curve(s)). The Facility generators must be capable of automatically adjusting reactive control to maintain the bus voltage at the Point of Interconnection to meet the scheduled voltage set point target specified by the Company System Operator. The voltage target will be specified remotely by the Company System Operator through the SCADA/EMS. The Facility’s voltage set point target must reflect the Company voltage set point target controlled from the SCADA/EMS, without delay. The generator should not normally operate on a fixed var or fixed power factor unless agreed by Company. The voltage setpoint target, and present Facility minimum and maximum reactive power limits based on the Facility real power export and the generator capability curve(s) shall be provided to the Company EMS through the RTU telemetry interface The Facility must deliver power up to the Allowed Capacity at a power factor between 85% lagging and 90% leading to the Company System as illustrated in the [generator capability] curve(s) attached to this Agreement as Exhibit B-2 (Generator Curve(s)). The Facility generators must be capable of automatically adjusting reactive control to maintain the bus voltage at the Point of Interconnection to meet the scheduled voltage set target specified by the Company System Operator. The voltage target will be specified remotely by the Company System Operator through the SCADA/EMS. The Facility’s voltage must reflect the Company voltage target controlled from the SCADA/EMS, without delay. The generator should not normally operate on a fixed var or fixed power factor unless agreed by Company. The voltage target, and present Facility minimum and maximum reactive power limits based on the Facility real power export and the generator capability curve(s) shall be provided to the Company EMS through the RTU telemetry interface (ii) The Facility shall contain equipment able to continuously and actively control the output of reactive power under automatic voltage regulation control reacting to system voltage changes. The automatic voltage regulation response speed at the point of regulation shall be such that at least 90% of the initial voltage c...
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Reactive Amount. (1) The Seller shall install sufficient equipment to have the ability to deliver energy to the Company at power factors ranging from 95% leading at the Seller’s Facility (Seller receiving reactive power from the Company. while delivering real power to the Company) to 97% lagging power factor at the Point of Interconnection. (2) If the Seller’s Facility does not operate in accordance with Section 2.f (1) of this Appendix B, the Company may disconnect all or a part of the Seller’s Facility from the Company’s System until the Seller corrects its operation (such as by installing capacitors at the Seller’s expense) to conform to the requirements of this Section 2.f (1). (3) The Seller shall maintain records regarding the power factor at which energy is delivered to the Company at the Point of Interconnection, and shall provide these records to the Company when reasonably requested by the Company. The Company shall have the right to inspect these records.
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Reactive Amount. A. Subscriber Organization shall install sufficient equipment so that each kVA inverter online at the Generating Facility will have the ability to deliver or receive, at its terminal, reactive power as illustrated in the [generator capability] curve[s] attached to this Agreement as Exhibit E-2 (Generator Capability Curve(s)). [NOTE: THE TECHNICAL REVIEW WILL DETERMINE IF ANY ADDITIONAL REACTIVE POWER RESOURCES WILL BE REQUIRED.] B. The Generating Facility shall contain equipment able to continuously and actively control the output of reactive power under automatic voltage regulation control reacting to system voltage fluctuations. The automatic voltage regulation response speed at the point of regulation shall be such that at least 90% of the initial voltage correction needed to reach the voltage control target will be achieved within 1 second following a step change. C. If the Generating Facility does not operate in accordance with Section 5(b)A of this Exhibit E, Company may disconnect all or a part of the Generating Facility from Company system until Subscriber Organization corrects its operation (such as by installing capacitors at Subscriber Organization's expense).
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Reactive Amount. Seller shall install sufficient equipment to have the ability to deliver reactive power to Company at output levels ranging from __ kVARs (Seller delivering reactive power to Company while delivering real power to Company) to ____ kVARs (Seller receiving reactive power from Company while delivering real power to Company) per each __kW delivered from the Facility. [NOTE: THESE VALUES WILL BE BASED ON THE RESULTS OF THE INTERCONNECTION REQUIREMENTS STUDY.] Company will not be obligated to purchase reactive power from Seller. The Facility shall contain equipment able to continuously and actively control the output of reactive power under automatic voltage regulation control reacting to system voltage fluctuations. The automatic voltage regulation response speed at the point of regulation shall be such that at least 90% of the initial voltage correction needed to reach the voltage control target will be achieved within 1 second following a step change. If the Facility does not operate in accordance with Section 3(c)(i) of this Attachment B (Facility Owned by Seller), Company may disconnect all or a part of Facility from Company System until Seller corrects its operation (such as by installing capacitors at Seller's expense).
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Reactive Amount. 9.4.3.1 The Seller shall install sufficient equipment to have the ability to deliver or absorb reactive power to and from BEL. 9.4.3.2 The Seller shall operate and control its Facility within the Operating Limits and the Transmission Grid Code in Exhibit 2 (to provide reactive power in accordance with the Dispatch Instructions). 9.4.3.3 BEL’s dispatchers may request from time to time that the Seller generate or absorb reactive power such that the power factor could range between 0.90 and -0.90 at a response speed to achieve no less than 90% of its final value within 1 second following a step change in voltage to provide support to the system to maintain stability. 9.4.3.4 The Seller shall, when requested by BEL, alter its generation to operate within a requested power factor outside of the prescribed range in 9.4.3.3 for short time durations as long as the security of the Seller’s system is not negatively impacted. 9.4.3.5 If the Seller's Facility does not operate in accordance with Article 9.4.2, BEL may disconnect all or part of the Seller’s Facility from the System until the Seller corrects its operation. 9.4.3.6 The Seller shall not be compensated for such operating changes.
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Related to Reactive Amount

  • Shift Differential A. Shift differential will be $.60 cents per hour. B. Employees eligible for shift differential are those whose work shift begins before 6:00 a.m. or ends on or after 7:00 p.m. and are scheduled by their supervisor for a total shift of at least six (6) hours in duration. This shift differential shall not apply to those employees who have requested and have been granted flexible work scheduling.

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $1,110,000.00 as the Gross Settlement Amount. Defendant will separately pay the employer's share of payroll taxes on the Wage Portion of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount prior to the deadline stated in Paragraph 4.3 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Shift Differential Pay SECTION 1: In addition to compensation provided by the wage schedule, employees working between the hours of 3:00 P.M. and 7:00 A.M. shall be paid a shift differential premium of $.45 (forty-five cents) per hour in addition to the regular pay for those hours. SECTION 2: Employees must work a minimum of 3 (three) hours in order for shift differential to apply.

  • Supervisory Differential Adjustment The Appointing Officer shall adjust the compensation of a supervisory employee whose compensation grade is set herein subject to the following conditions:

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).