Guaranteed Performance Ratio definition
Examples of Guaranteed Performance Ratio in a sentence
The Effective Performance Ratio PReff value will be calculated according to the procedure of annex 9 and compared with the MGPR (Minimum Guaranteed Performance Ratio).
In addition to guaranteeing the Guaranteed Performance Ratio, Contractor guarantees that the Project will perform for five (5) consecutive days (the “Five Consecutive Day Operational Test”) without a Significant System Misoperation (“Reliability Guaranty”).
In addition to guaranteeing the Guaranteed Performance Ratio, as the “Reliability Guaranty,” Contractor guarantees that the PV Plant will perform for five (5) consecutive days (the “Five Consecutive Day Operational Test”) without a Significant System Misoperation.
The amounts payable under Clause 15 (Guaranteed Capacity and Performance Ratio) shall be the sole and exclusive financial remedies of the Project Company in respect of failure of the Facility to achieve the Minimum Guaranteed Capacity, the Contracted Capacity, the Guaranteed Performance Ratio and the Minimum Guaranteed Performance Ratio.
The Supplier guarantees that during the Performance Testing Period the Facility will meet the Guaranteed Performance Ratio.
If for each successive twelve (12)-month period during the Performance Testing Period (other than due to a Relevant Event to which Clause 13 (Extensions of Time and Loss and Expense) or Clause 31 (Change in Law and Economic Stabilisation) apply, the Facility fails to meet the Guaranteed Performance Ratio, the Supplier shall pay Performance Liquidated Damages to the Project Company.