Contract Availability definition

Contract Availability is the measure of Facility Availability as calculated pursuant to the formula set forth in Article 8.
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Contract Availability means (i) ninety-five percent (95%) for any Summer Period, and
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Contract Availability means (i) ninety-five percent (95%) for any Summer Period, and (ii) ninety-one and eight-tenths percent (91.8%) for any calendar year; provided however, the value set forth in (ii) shall be reduced by three and six-tenths percent (3.6%) for any calendar year in which a Unit hot gas path inspection occurs and by seven and four-tenths percent (7.4%) for any calendar year in which a Unit major overhaul occurs.
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Examples of Contract Availability in a sentence

  • The Fixed Capital Payment (Based on 100% Contract Availability) is equal to $9.90/kW-month through June 17, 2003, and shall be $6.40/kW-month for the remaining term of the Agreement.

  • It is equal to the product of: (a) the sum of the monthly Full Fixed Payments, (b) the Dispatchable Capacity; and (c) the Contract Availability.

  • Some of the key programmes and facilities under AFGAP, include the Afreximbank LC Confirmation Guarantee; the Country Risk Guarantee Facility; the Letter of Guarantee Facility; the Note Purchase Cover; the Buyer/Supplier Credit Guarantee; the Project Finance Guarantee; the Investment Guarantee; the ECA Plus Guarantee; the Sovereign Obligations Guarantee; Bonding Facilities; the Construction Completion Guarantee; and the Trade Contract Availability Guarantee Facility.

  • Notwithstanding the foregoing, after the Contract Availability Trigger Date, Accel Inc.

  • RISK MANAGEMENT The following risks have been identified for this Contract: Availability of Qualified In-Person Interpreters.

  • The annual Actual Fixed Payment is the sum of the monthly Full Fixed Payments for each Contract Year, adjusted for Dispatchable Capacity and Contract Availability, that will be paid to Seller on an annual basis.

  • Contract Availability for Term 2 will be July 1, 2018; Contract Completion for Term 2 will be June 30, 2019.

  • The Fixed Payment is dependent upon the Contract Availability and Dispatchable Capacity, as described in Section 8.3(d).

  • If Seller fails to demonstrate the ability of the Generating Facility to provide the sum of the Base Capacity and 90% of the Dispatchable Capacity, the Facility will be considered in either a full or partial Forced Outage for Contract Availability calculation purposes.

  • Contract Availability for Term 3 will be July 1, 2019; Contract Completion for Term 3 will be June 30, 2020.