Annual EAF definition

Annual EAF has the meaning set forth in Section 4.4(a) (Annual Equivalent Availability Factor and Liquidated Damages).
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Examples of Annual EAF in a sentence

  • A deration or outage required by Company pursuant to the preceding sentence shall be considered an Unplanned Deration and shall “count against” Seller for the purpose of calculating the Annual EAF and Annual EFOF until the conditions that led to the deration or outage are resolved by Seller and Seller notifies Company of same.

  • In the event the cause for any shutdown in this Section 9.6 (Shutdown For Lack of Reliable Real Time Data) falls within the definition of Seller-Attributable Unavailability, such period of time shall be allocated as such for purposes of calculating the Annual EAF under Section 4.4(a) (Annual Equivalent Availability Factor and Liquidated Damages) of this Agreement until such time as the successful completion of such corrective measures and/or repairs has been communicated by Seller to Company.

  • For purposes of determining liquidated damages under this Section 4.4(a) (Annual Equivalent Availability Factor and Liquidated Damages), the Annual EAF for the Measurement Period in question shall be rounded to the nearest one-tenth of one percent (0.001).

  • Although the liquidated damages that are payable if the Annual EAF fails to satisfy the EAF Performance Metric address this issue in certain of the circumstances when the Facility or a portion thereof is unable to receive or deliver electric energy, the Annual EAF does not account for events of Force Majeure because such events are included in the ExcludedTime classification under Attachment U (Annual Equivalent Availability Factor) to this Agreement.

  • Beginning with the Quarterly Report for the last Measurement Period of the initial Contract Year, Seller shall include calculations of (a) the Capacity Ratio, the RTE Ratio, the Annual EAF and the Annual EFOF for the Measurement Period, as well as (b) any liquidated damages to be assessed, as set forth in the form of Quarterly Report set forth in Section 1 (Quarterly Report) of said Attachment S (Quarterly Reporting and Dispute Resolution by Independent Evaluator).

  • For the purposes of calculating the Annual EAF for the first three (3) full Measurement Periods in the first Contract Year, the calculation will assume that the Facility is one hundred percent (100%) available for the remaining hours of the Contract Year.

  • If Company disagrees with Seller’s position, and if, for each of the three preceding Contract Years, the Annual EAF was less than 94%, the Capacity Ratio was less than the Tier 1 bandwidth under Section 4.3(a) (Capacity Test and Liquidated Damages) for such Contract Year, then the parties shall commission a study by a Qualified Consultant selected from among the entities listed in Attachment D (Consultants List) and the Qualified Consultant will make a recommendation to remedy the situation.

  • Within ten (10) Business Days after Company’s receipt of a Quarterly Report, Company shall provide written notice to Seller of any Quarterly Report Disagreement, including with respect to the data for the Measurement Period covered by such Quarterly Report and Seller’s calculation of, as applicable, any of the Capacity Ratio, the RTE Ratio, the Annual EAF or the Annual EFOF for the Measurement Period in question (“Notice of Disagreement”).

  • If Company disagrees with Seller’s position, and if, for each of the three preceding Contract Years, the Annual EAF was less than 94% and/or the Capacity Ratio was less than the Tier 1 bandwidth under Section 4.3(a) (Capacity Test and Liquidated Damages) for such Contract Year, then the parties shall commission a study by a Qualified Consultant selected from among the entities listed in Attachment D (Consultants List) and the Qualified Consultant will make a recommendation to remedy the situation.

  • For the purposes of calculating the Annual EAF for the first Measurement Period, the calculation will assume that the Facility is one hundred percent (100%) available.

Related to Annual EAF

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Annual Salary means the salary given under this Part.