Charge Reduction definition

Charge Reduction means to reduce the refrigerant full charge amount through a mechanical system change in the refrigeration circuit and not simply through a nominal full charge change.
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Charge Reduction shall have the meaning set forth in Exhibit H (Service Level Requirements).
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Examples of Charge Reduction in a sentence

  • Note that Suppliers may have opted not to offer Triad/DUoS or other Industry Charge Reduction Scheme services.

  • Nothing herein shall preclude Contractor, in the event that Contractor does not reflect such Annual Volume Dependent TN Porting Event Charge Reduction when and as required under Section 34.3(e), from issuing an adjustment credit to reflect the proper computation, division, apportioning, issuance, application, and invoicing of the Annual Volume Dependent TN Porting Price Reduction on any one or more invoices issued after such Annual Volume Dependent TN Porting Event Charge Reduction became effective.

  • The Supplier shall, in accordance with Good Industry Practice, predict the periods during the Premises Term during which the Customer should (in accordance with the agreed Delivery Method) reduce (or shift) demand for electricity at the Premises, and/or increase the generation of electricity at the Premises, in order to enjoy Savings under the agreed Industry Charge Reduction Scheme.

  • Each Annuity in group (i) owned by a Class Member will receive a Surrender Charge Reduction Payment based on a formula set forth below.

  • Further, the timely reporting of SLRs as required under Section 2.6 (Reporting) is critical; and the failure of Supplier to submit accurate, complete, and timely SLR reporting in any month shall result in Charge Reduction applied by County of one-twelfth (1/12) of the Annual At-Risk Amount.

  • In consideration of the Supplier's performance of its obligations under the Contract in respect of each Premises: the Customer shall pay the Customer Payments in accordance with Clause 56.2 in respect of the Industry Charge Reduction Schemes; and/or the Supplier shall be entitled to keep the Management Share of the Supplier Revenue in respect of the Network Operator Services (and shall pay the balance, being the Supplier Payments, to the Customer in accordance with Clause 12.2).

  • The Charges for the Bechmarking Service(s) Set shall thereafter continue to be reduced through the end of the Term per the Benchmark as a Charge Reduction.

  • If applicable, you must complete a PSEC Sales Charge Reduction Request Form.

  • If applicable, you should complete a Sales Charge Reduction Request Form.

  • The batteries will be installed at Customer sites and used to provide a number of behind-the-meter services for Customers and the utility, including: Demand Charge Reduction Demand Response (DR) Participation* *Note that a customer enrolled in this project cannot participate in other DR programs while enrolled.

Related to Charge Reduction

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.