Facility Failure definition

Facility Failure means any unanticipated occurrence which gives rise to an operationally significant period during which a facility does not provide service within the specified tolerances;
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Facility Failure is defined in Section 5.3.
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Facility Failure means the failure to achieve the Performance Threshold for any Facility KPI. Facility Handover Report is defined in Clause 21.2(e).
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Examples of Facility Failure in a sentence

  • Facility Failure: In the event of equipment failure or other facility issues that compromise production, no charge will be made for lost hours.

Related to Facility Failure

  • GEP Failure means Seller’s failure to produce Delivered Energy in an amount equal to or greater than the Guaranteed Energy Production amount for the applicable Performance Measurement Period.

  • MI Failure means when an MI report: a) contains any material errors or material omissions or a missing mandatory field; or b) is submitted using an incorrect MI reporting Template; or c) is not submitted by the reporting date(including where a Nil Return should have been filed);

  • Transaction Failure means the failure to consummate a Business Combination within 18 months of the Effective Date (or 24 months after the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating thereto has not yet been consummated within such 18-month period).

  • Service Failure means a failure by the Contractor to provide the Services in accordance with any individual service level described above (measured on a monthly/quarterly/annual basis)

  • Supply Failure shall have the meaning ascribed to it in Section 2.8.