Expected Term definition
Examples of Expected Term in a sentence
Such certification must include all data relied on to support the revised Expected Term Year Energy Production.
The Performance Assurance Amount will be revised upon any change to the Expected Term Year Energy Production.
Subject to Section 3.07(c), Seller shall provide 30 days advance Notice to Buyer if there is any modification (other than a routine fluctuation in output or consumption) of the Generating Facility, the Site Host Load or operations related to the Site Host Load changing: Electric energy output by five percent of Expected Term Year Energy Production; or The type of Primary Fuel consumed by the Generating Facility.
Buyer shall pay for Seller’s GHG Compliance Costs and GHG Charges as set forth in SRAC; provided, however, that notwithstanding anything to the contrary set forth in this Agreement or SRAC, in no event will Buyer pay for any of Seller’s GHG Compliance Costs or GHG Charges to the extent that such GHG Compliance Costs or GHG Charges are associated with deliveries of the Power Product that are in excess of 120% of the Expected Term Year Net Energy Production in any Term Year.
The Expected Term Year Energy Production for each Term Year equals [number of kWh] kWh. The Expected Term Year Energy Production may be revised based on changes in the Site Host Load or the Site Host thermal requirements; provided, however, that such revision must be supported by a certification from a California-licensed professional engineer qualified to make a representation affirming that such revision is reasonable and based on changes in the Site Host Load or the Site Host thermal requirements.
The Expected Term Year Energy Production for each Term Year equals [ ] kWh. The Expected Term Year Energy Production may be revised based on changes in the Site Host Load or the Site Host thermal requirements; provided, however, that such change must be supported by a certification from a California-licensed professional engineer qualified to make a representation affirming that such revision is reasonable and based on changes in the Site Host Load or the Site Host thermal requirements.
The Expected Term Year Energy Production for each Term Year equals [ ] kWh. The Expected Term Year Energy Production may be revised in accordance with Section 3.07(c), or based on changes in the Site Host Load or the Site Host thermal requirements; provided, however that the Expected Term Year Energy Production may never exceed 131,400,000 kWh in any Term Year.
Buyer shall pay for Seller’s GHG Compliance Costs and GHG Charges in accordance with Exhibit S; provided, however, that notwithstanding anything to the contrary set forth in this Agreement (including Exhibit S), in no event will Buyer pay for any of Seller’s GHG Compliance Costs or GHG Charges to the extent that such GHG Compliance Costs or GHG Charges are associated with deliveries of the Power Product that are in excess of 120% of the Expected Term Year Net Energy Production in any Term Year.
The Expected Term Year Energy Production for each Term Year equals [ ] kWh. The actual energy production of the Generating Facility may change from time to time; provided, however, that the Expected Term Year Energy Production may not exceed the As-Available Contract Capacity at 100% capacity factor applied over the Term Year.
If such termination is not under circumstances that would be Cause, IGM will continue to pay Consultant the cash compensation that would have been due to Consultant under Section 4 for continued service through the Expected Term but all further equity vesting will cease upon such termination and all of Consultant’s then-outstanding vested stock options will remain outstanding and exercisable only through the three-month anniversary of the date of such termination.