Lost Energy definition

Lost Energy means ((the Guarantee of Mechanical Availability as set forth in 3.1.10 / MAP) X Net Output for a Calendar Year) – Net Output for the Calendar Year. Lost Energy shall be zero unless the result of the calculation in this subsection results in a positive number.

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Lost Energy means ((the Guarantee of Mechanical Availability as set forth in 3.1.10

Lost Energy means (in kWh):

Examples of Lost Energy in a sentence

• Seller shall have one year in which to cure the default during which time the Seller shall pay PGE damages equal to the Lost Energy Value.

• In the event Purchaser requests a Production Turndown, in addition to the amounts payable by Purchaser pursuant to Section 3.1(a)(iii), Purchaser shall pay Seller an amount equal to the sum of (a) the product of (x) $*****, multiplied by (y) the Monthly Coke Purchase Shortfall, and (b) the Lost Energy Charge (the “Production Turndown Adjustment Fee”).

• On or before the thirtieth (30th) day following the end of each Contract Year, PGE shall ▇▇▇▇ for any Lost Energy Value accrued pursuant to this Agreement.

• As damages for Seller’s failure to deliver the Minimum Net Output (subject to adjustment for reasons of Force Majeure as provided in Section 4.2) in any Contract Year, notwithstanding any other provision of this Agreement, the purchase price payable by PGE for future deliveries shall be reduced until Lost Energy Value is recovered.

• On or before the thirtieth (30th) day following the end of each Contract Year, PGE shall bill for any Lost Energy Value accrued pursuant to this Agreement.

• As damages for Seller’s failure to deliver the Minimum Net Output (subject to adjustment for reasons of Force Majeure as provided in Section 4.2) in any Contract Year, notwithstanding any other provision of this Agreement the purchase price payable by PGE for future deliveries shall be reduced until Lost Energy Value is recovered.

• Except as otherwise provided herein, Client shall be responsible for the full cost to Service Provider of each Removal and Reinstallation, and Client shall reimburse Service Provider for any Lost Energy Revenue (as defined below) during the time all or a portion of a System are out of operation as a result of a Repair (“Repair Time”).

• Upon payment to Buyer of the Lost Energy Amount as provided hereunder, Buyer shall terminate and release or cause the termination and release of the Transmission Line Deed of Trust and, in the event that a foreclosure sale shall have taken place, all remaining proceeds of such foreclosure sale, if any, shall be refunded to Seller.

More Definitions of Lost Energy

Lost Energy means, for any relevant period, and without duplication, the Deemed Delivered Energy in such period plus the amount of Energy that would have been Delivered Energy in such period, based on actual wind and availability data, but for (A) a System Curtailment Order, (B) an event of Force Majeure, (C) a Seller Compliance Curtailment, (D) Seller-initiated curtailments arising as a result of any Transmission Provider’s System unavailability or operation outside the defined voltage, frequency limits, or other operational parameters of the Wind Project’s generation equipment or (E) curtailments arising as a result of environmental conditions (e.g. icing) at the Wind Project that cause the Wind Project’s equipment to be inoperable, in whole or in part, in accordance Prudent Operating Practices, or would otherwise require the Wind Project’s generation equipment to operate outside of operational parameters of the Wind Project’s generation equipment. For sake of clarity, Seller shall not be entitled to claim credit for Lost Energy to the extent the events or circumstances resulting in what would otherwise be considered Lost Energy hereunder are the direct or indirect result of the negligence or fault of Seller or are otherwise caused by Seller.