LD Period definition

LD Period. A rolling period of twelve (12) calendar months each. At the end of each calendar month, the LD Period rolls forward to include the next calendar month. The initial "LD Period" shall consist of the 12 full calendar months of the initial Contract Year.

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LD Period has the meaning specified therefor in Section 2.01(b) of this Agreement.

LD Period means each calendar day (or part calendar day) by which the achievement of a Key Milestone is delayed beyond the relevant Milestone Date, from and including the relevant Milestone Date to the date of issue of a Milestone Notice in respect of the relevant Key Milestone. Such period shall not exceed the maximum period of thirty (30) calendar days;

Examples of LD Period in a sentence

• Any amount of Liquidated Damages shall be prorated for any period of less than 30 calendar days accruing during an LD Period.

• Service Hours (SH) is the number of hours during the LD Period the PV System is online and producing electric energy to meet Company Dispatch and/or to maintain the ▇▇▇▇ State of Charge.

• If all of the months of an MPR Assessment Period fall within the same Contract Year, the Contract Year is the "Applicable Contract Year." For example, if all of the months of MPR Assessment Period fall within the third Contract Year, the value assigned to the "Applicable Contract Year" would be "3" and the formula for calculating the DF for such LD Period would be: .

• For each LD Period, a PV System Equivalent Availability Factor shall be calculated as provided in accordance with Section 2.5(a) (Calculation of PV System Equivalent Availability Factor) of this Agreement.

• For avoidance of doubt, because the PV System Equivalent Availability Factor is calculated over an LD Period of 12 calendar months, the first month for which liquidated damages would be calculated under this Section 2.5(b) (PV System Equivalent Availability Factor Performance Metric and Liquidated Damages) would be the last calendar month of the initial Contract Year.

• Within ten (10) Business Days following the close of the calendar month in question, Seller shall provide to Company the Monthly Report for such calendar month and the LD Period, the MPR Assessment Period and the ▇▇▇▇ Measurement Period (if any) ending with such calendar month, as provided in Section 1 (Monthly Report) of this Attachment T (Monthly Reporting and Dispute Resolution by Independent AF Evaluator).

• Following the end of each LD Period, the Modified Pooled OMC Equipment Availability Factor shall be calculated for such LD Period as set forth in Section 1 (Modified Pooled OMC Equipment Availability Factor (“MPXEEAF”)) of Attachment Q (Calculation of Certain Metrics).

• Following the end of each LD Period, the PV System Equivalent Availability Factor shall be calculated for such LD Period as follows: PV System Equivalent Availability Factor = where: Period Hours (PH) is the total number of hours in the LD Period counting twenty-four (24) hours per day minus ExcludedTime.

• For avoidance of doubt, because the Modified Pooled OMC Equipment Availability Factor is calculated over an LD Period of 12 calendar months, the first month for which liquidated damages would be calculated under this Section 2.5(b) (Modified Pooled OMC Equipment Availability Factor Performance Metric and Liquidated Damages) would be the last calendar month of the initial Contract Year.

• For purposes of determining liquidated damages under the preceding formula, the amount by which the PV System Equivalent Availability Factor for the LD Period in question falls below the applicable threshold shall be rounded to the nearest one-tenth of one percent (0.001).

More Definitions of LD Period

LD Period has the meaning prescribed to that term in Clause 10.1.7;

LD Period has the meaning set forth in Section 2.1(b).