Actual Reduction definition

Actual Reduction has the meaning given to it in limb (b)(i) of the definition of Base Relevant Insurance Reduction;
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Actual Reduction means, in respect of a Half Hour during a DR Period, Ramp- Down Period or Ramp-Up Period, the amount by which NZAS has reduced Consumption for that separate Half Hour, calculated as M – D, where: M = the lower of (i) the average of the Volume Consumed in each Half Hour during the Reference Period (expressed in MWh per Half Hour) or (ii) 286 MWh per Half Hour. D = the average of the Volume Consumed in that separate Half Hour during the DR Period, Ramp- Down Period or Ramp-Up Period.
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Actual Reduction means, in respect of a Calculation Period during a DR Period, the amount by which NZAS has reduced Consumption for that Calculation Period, calculated as M – D, where: M = the average of the Volume Consumed in each Calculation Period during the Reference Period. D = the average of the Volume Consumed in that Calculation Period. If (M – D) for a Calculation Period is a negative number, the Actual Reduction for the Calculation Period shall be deemed to be zero.
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Examples of Actual Reduction in a sentence

  • Actual Reduction in Consumption: The actual reduction in consumption will be calculated as the difference between the consumer’s total usage during each PTR event and the ECB calculated for each event.

Related to Actual Reduction

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Monthly salary means the W-2 reportable compensation received by a member during the month.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one day prior to the Change in Control, and (ii) the Average Incentive Bonus.

  • Base Salary shall have the meaning set forth in Section 3(a) hereof.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Severance Multiple means 2.50; provided, however, that notwithstanding the foregoing, for each full month that elapses during the period beginning on the date the Executive attains age 63 and ending on the date the Executive attains age 65, the Severance Multiple shall be reduced by an amount equal to the product of (i) 1/24 and (ii) the excess of (A) the original Severance Multiple set forth above over (B) 1.0 (rounded to the nearest hundredth).

  • Salary as defined in Section 3.1(a).

  • Annual Salary means the salary given under this Part.