Compensated Curtailment definition

Compensated Curtailment. Means a curtailment of energy from Seller’s Plant for which Seller is entitled to payment for Lost Production, and which excludes Uncompensated Curtailments.
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Compensated Curtailment means a NorthWestern-ordered curtailment of Energy (excluding Uncompensated Curtailments) that entitles Seller to payment for Lost Production.
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Compensated Curtailment has the meaning set forth in Section 2(e) of this TC.
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Examples of Compensated Curtailment in a sentence

  • Notwithstanding the above, should Buyer fail to receive verification of its determination of an Exempt Operational Period from the MPSC as described in 18 CFR § 292.304(f)(4), if applicable, then such determination shall be deemed to be a Compensated Curtailment and Buyer shall be obligated to make such payments for all electric energy which Seller had available at the Plant, whether or not delivery of such electric energy was suspended due to Buyer’s notification to Seller under 18 CFR § 292.304(f)(4).

  • In the event the delivery of energy is curtailed due to a reason that qualifies as a Compensated Curtailment, and such curtailment results in Lost Production, Seller shall be entitled to Lost Production Damages on a monthly basis as its sole and exclusive remedy and Buyer’s sole and exclusive liability.


More Definitions of Compensated Curtailment

Compensated Curtailment shall have the meaning set forth in Section 8.06(b) hereof.
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Compensated Curtailment has the meaning set forth in Section 7.6.3.
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Compensated Curtailment means a NorthWestern-ordered curtailment of Energy that is not an Uncompensated Curtailment, entitling Seller to payment for Lost Production.
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Compensated Curtailment means a NorthWestern‐ordered curtailment of Energy that is not an Uncompensated Curtailment, entitling Seller to payment for Lost Production.
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Related to Compensated Curtailment

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Excess Deferrals means, with respect to any taxable year of a Participant, either (a) those elective deferrals within the meaning of Code §§402(g) or 402A that are made during the Participant's taxable year and exceed the dollar limitation under Code §402(g) (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for such year; or (b) are made during a calendar year and exceed the dollar limitation under Code §§402(g) and 402A (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for the Participant's taxable year beginning in such calendar year, counting only Elective Deferrals made under this Plan and any other plan, contract or arrangement maintained by the Employer.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.