DR Event definition

DR Event means the period of hours in which Seller must provide a Product at such Product’s corresponding Commitment Level.
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DR Event means any unplanned event or condition that renders Customer unable to use the Protected Servers at their on-premise location for their intended computer processing and related business production purposes.
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DR Event when buyer determines that system load conditions require a reduction in electric energy usage or a reduction in demand, where such period shall not be less than four (4) hours.
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Examples of DR Event in a sentence

  • If Buyer provides Seller with a Notice of a DR Event during a Delivery Month, Seller shall be paid an Hourly Capacity Price for the Performance.

  • Upon receipt of Notice of DR Event Test from Buyer, Seller shall provide the Product which is the subject of such Notice equal to the corresponding Commitment Level.

  • The “Monthly Capacity Payment” means and is the sum of the Hourly Capacity Payments for each hour of the DR Event for such month.

  • Buyer may request a DR Event Test by Notice to Seller no more than two times per Contract Year.

  • Seller shall notify the Customers in a Seller’s Portfolio of a DR Event.

  • For every DR Event, Seller will use best efforts to notify ESPs whose Customers’ load reduction will be used to perform the DR Event.

  • Buyer shall provide to Seller Notice of DR Event using one or more of the methods described in this Section 3.10.

  • The number of hours in the DR Event Tests for each Product shall be applied to the Maximum Hours for the Contract Year for such Product and Seller shall be compensated for a DR Event Test as described in Article 4.

  • Each DR Event Test shall be scheduled during the Delivery Term by Buyer in accordance with Section 3.1.1 and shall be no longer than four (4) hours and no less than two (2) hours.

  • If Buyer provides Notice of a DR Event, Seller shall be paid the CAISO’s DLAP LMP Price for its Performance for each hour of the DR Event (“Hourly Performance Payment”).


More Definitions of DR Event

DR Event. A MISO-initiated event requiring the reduction of demand by a Participant providing one or more DR products in MISO’s markets. Demand Response Offer: A standing offer by Customer or ARC to the Company to provide a DRR Type 1, DRR Type 2, EDR, LMR-DR, or LMR-BTMG resource in the MISO markets. This offer will be submitted to MISO by the Company in the MISO Day Ahead Market, Real Time Market, LMR offer process, or EDR offer process as applicable to the Participant’s DR product type. EDR: Emergency Demand Response.
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Related to DR Event

  • ▇▇▇▇ Event means if there are any Mortgaged Properties at such time, any increase, extension or renewal of any of the Commitments or Loans (but excluding (i) any continuation or conversion of borrowings, (ii) the making of any Loan or (iii) the issuance, renewal or extension of Letters of Credit).

  • Major Event means an event which is likely to pose a serious risk to public health in relation to medicinal products in more than one Member State. Such an event concerns a deadly threat or otherwise serious threat to health of biological, chemical, environmental or other origin or incident that can affect the supply or quality, safety, and efficacy of medicinal products. Such an event may lead to shortages of medicinal products in more than one Member State and necessitates urgent coordination at Union level in order to ensure a high level of human health protection.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Flip-Over Event means any event described in clauses (i), (ii) or (iii) of Section 13(a).

  • Flip-in Event means a transaction in or pursuant to which any Person becomes an Acquiring Person;