Catastrophic Failure Period definition
Catastrophic Failure Period means (a) with respect to any Key Equipment described in clause (a) of such definition, eighteen (18) consecutive months after the failure of such Key Equipment and (b) with respect to any other Key Equipment, twelve
Catastrophic Failure Period means (i) eighteen (18) consecutive months if the Catastrophic Failure includes a Catastrophic Failure of the generator step-up transformers at the offshore substation or the transformers at the onshore substation, and (ii) twelve
Examples of Catastrophic Failure Period in a sentence
A failure of the Biennial Average Real-Time High Operating Limit for any two consecutive Contract Years to be at least fifty percent (50%) of the Actual Facility Size, except to the extent excused by (i) a Force Majeure (without affecting Buyer’s right to terminate this Agreement under Section 10.1(c)), (ii) a Catastrophic Failure not caused by a Force Majeure, unless and until such Catastrophic Failure exceeds the duration of the Catastrophic Failure Period or (iii) a Reliability Curtailment.