Curtailment Event definition
Curtailment Event means the temporary interruption or reduction of deliveries of electric energy from the PV System initiated by Company as a result of circumstances described in Section 11(a) (Continuity of Service) and/or Section 12 (Personnel and System Safety) of the Interconnection Agreement. A Curtailment Event shall commence at the time the PV System receives the curtailment control from the Company System Operator and shall end at the time the PV System receives the curtailment control from the Company System Operator to end the curtailment.
Curtailment Event. The temporary curtailment, interruption or reduction of deliveries of electric energy from the Facility initiated by Company as a result of circumstances described in Article 8 (Continuity of Service) and Article 9 (Personnel and System Safety) of this Agreement.
Curtailment Event means the failure by Powerex to schedule and deliver Firm Power at the Delivered Demand during an hour as required by this Agreement at the Point of Delivery, where such failure is not the result of Force Majeure, and
Examples of Curtailment Event in a sentence
Seller shall have no obligation to deliver the Product during an outage or Curtailment Event, and Seller shall have no obligation to make the Unit available during an Excused Outage.
In the event that Company initiates a Curtailment Event pursuant to this Section 8.1 (General), Company shall not be obligated to accept or pay for any electric energy from Seller except for such electric energy that Company notifies Seller that it is able to take during the duration of a Curtailment Event.
A Curtailment Event shall mean at least a 1-hour window during which Seller in its sole discretion shall be entitled to reduce, partially or fully, the Power supply.
Company will forward ISO-NE event notifications electronically to an e-mail address and/or an e-mail addressable device (i.e., text pager or cell phone), notifying Customer when a Curtailment Event, as defined in the Program, is called.
The Performance Incentive is a bill credit based on a participant’s total Energy Reduction, in Kilowatt-Hour (kWh), during a Curtailment Event.
More Definitions of Curtailment Event
Curtailment Event has the meaning given in Section 6.3(b). “Day” has the meaning given in the Rules and Regulations.
Curtailment Event means where:
Curtailment Event means the temporary curtailment, interruption or reduction of deliveries of electric energy from the Facility initiated by Company as a result of circumstances described in Sections 1.A and 1.C of Attachment B (Curtailment Block) of this Contract. A Curtailment Event shall commence at the time the Facility receives the curtailment signal from the Company System Operator and shall end at the time the Facility receives the curtailment control signal from the Company System Operator to end the curtailment.
Curtailment Event means with respect to any Mortgage Loan that is due and payable at any time prior to the Closing Date, either (i) the failure of Seller or any prior servicer (or other responsible party) in respect of such Mortgage Loan to meet any one of the applicable requirements set forth in 24 C.F.R. 206.129(d)(3)(x) in compliance with the Curtailment Event Timeframes or any other FHA Regulation the violation of which results in a reduction of the amount of eligible mortgage insurance proceeds in respect a claim to FHA pertaining to such Mortgage Loan, or (ii) as of the Closing Date, the deadline to meet any one of the applicable requirements set forth in 24 C.F.R. 206.129(d)(3)(x) and related FHA Regulations falls less than sixty (60) days after the Transfer Date.
Curtailment Event means with respect to any Mortgage Loan that is due and payable at any time prior to the Closing Date, either (i) the failure of Seller or any prior servicer (or other responsible party) in respect of such Mortgage Loan to meet any one of the applicable requirements set forth in 24 C.F.R. 206.129(d)(3)(x) in compliance with the Curtailment Event Timeframes or any other FHA Regulation the violation of which results in a reduction of the amount of eligible mortgage insurance proceeds in respect a claim to FHA pertaining to such Mortgage Loan, or (ii) as of the Closing Date, the deadline to meet any one of the applicable requirements set forth in 24 C.F.R. 206.129(d)(3)(x) and related FHA Regulations falls less than sixty (60) days after the Transfer Date. “Curtailment Event Timeframes” means any one of the applicable timeframes including, but not limited to, any timeframe the failure of which to meet results in a change in the amount of the related FHA Insurance claim, set forth in 24 C.F.R. 206.125 or 24 C.F.R. 206.127. “Curtailment Losses” means any Loan Losses caused by Curtailment Events. “Custodian” means the party, or its successors or assigns, responsible for the safekeeping and tracking of the Collateral Files related to the Mortgage Loans. “Enforceability Exceptions” has the meaning specified in Section 3.01(b). “Eligible Advances” means Advances that have not been recovered by ▇▇▇▇▇▇ as of the Closing Date that are eligible to become Participations in accordance with Applicable Requirements as of the Closing Date. “Execution Date” means the date of the execution and release from escrow of this Agreement. “Execution Date Mortgage Loan and Advances Schedule” means the Mortgage Loan and Advances Schedule to be delivered pursuant to Section 2.04(a) setting forth the information listed on Exhibit A with respect to each Mortgage Loan that identifies all Mortgage Loans and Advances (that have not been recovered by Seller as of the date three (3) Business Days prior to the date hereof) and contains the information with respect thereto as of the third (3rd) Business Day prior to the date hereof. The Execution Date Mortgage Loan and Advances Schedule may be delivered in electronic form. “Executive Order” has the meaning specified in Section 3.01(l).
Curtailment Event. With respect to any HECM Loan, the failure of Seller or any prior servicer in respect of such HECM Loan to meet any one of the applicable requirements set forth in 24 C.F.R. 206.129(d)(2) and related FHA Regulations in compliance with the timeframes set forth in 24 C.F.R. 206.125 or 24 C.F.R. 206.127 and related FHA Regulations to the extent that such failure to meet any such timeframe (i) occurs prior to the Closing Date and (ii) results in a change in the amount of any FHA Insurance claims related to such HECM Loan.
Curtailment Event means the determination by National Grid, in its sole discretion, that the Project needs to Curtail to address an electric system need or constraint and/or to perform Research and Testing.