RMR Uplift Sample Clauses

RMR Uplift. It is also anticipated that it may be necessary from time to time to schedule a ---------- Participant's generating unit or Dispatchable Load to provide Operating Reserve in one or more hours at prices for Operating Reserve that exceed the applicable Clearing Price for that Operating Reserve service in the Day-Ahead Market in order to satisfy locational Operating Reserve requirements in a particular Reliability Region or Reliability Regions in accordance with applicable Market Rules. When this occurs the Participant providing such service shall be entitled to receive for the Dispatch Day the aggregate of the applicable Supply Offer Prices for Operating Reserve to provide the requested Operating Reserve service for all of the scheduled hours in the Dispatch Day. This comparison of Supply Offer Price against Clearing Price for the applicable Operating Reserve products shall be made on an aggregate basis for all hours scheduled in the Day-Ahead Market for that Dispatch Day, and not on an individual hour-by-hour basis. Where payment is made to a Participant under these circumstances, the amount by which the payment to the Participant exceeds the amount that would be paid if the Participant had only received the applicable Day-Ahead Market Operating Reserve Clearing Prices for the scheduled service during the hours in question shall be recovered as RMR Uplift from Participants which are obligated to pay under the Settlement Obligations for Operating Reserve associated with load in the affected Reliability Region or Reliability Regions for the hours during which the service is scheduled in the Dispatch Day. Except as provided below, RMR Uplift shall be paid by each Participant for each hour in accordance with the following formula: CHd = (UCd)(ELi ) + ADJRR ---------- ELRR in which CHd is the amount to be paid by a Participant pursuant to this Section 14A.19(f) for RMR Uplift for the affected Reliability Region(s). UCd is the aggregate RMR Uplift payments to Participants for the hour for out of merit services for the affected Reliability Region(s) to be allocated and paid pursuant to this Section 14A.19(f). ELi is the number of kilowatthours of Elexxxical Load of the Participant for the hour in the affected Reliability Region(s). ELRR is the aggregate number of kilowatthours of Electrical Load of all Participants for the hour in the affected Reliability Region(s). ADJRR is the total uplift charge adjustment for the Participant required to reflect Operating Reser...
Sample 1
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Related to RMR Uplift

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Shareholders’ Equity Permit Gannett’s Total Shareholders’ Equity at any time to be less than $3,500,000,000.

  • Closing Availability After giving effect to all Borrowings to be made on the Effective Date and the issuance of any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and with all of the Loan Parties’ Indebtedness, the Borrowers’ Availability shall not be less than $500,000.

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

  • Interest Recapture If the designated interest rate applicable to any Loan exceeds the Maximum Rate, the interest rate on that Loan is limited to the Maximum Rate, but any subsequent reductions in the designated rate shall not reduce the interest rate thereon below the Maximum Rate until the total amount of accrued interest equals the amount of interest that would have accrued if that designated rate had always been in effect. If at maturity (stated or by acceleration), or at final payment of the Notes, the total interest paid or accrued is less than the interest that would have accrued if the designated rates had always been in effect, then, at that time and to the extent permitted by Law, Borrower shall pay an amount equal to the difference between (a) the lesser of the amount of interest that would have accrued if the designated rates had always been in effect and the amount of interest that would have accrued if the Maximum Rate had always been in effect, and (b) the amount of interest actually paid or accrued on the Notes.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

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