NQC definition
Examples of NQC in a sentence
Large displays must be cleared through the NQC Executive Vice President.
Displays having unfinished or unsightly exposures at the rear or sides must be acceptably covered at the exhibitor's expense to the satisfaction of NQC.
In such an event, the Unit Contract Quantity for such Unit shall be reduced by the product of (i) the difference in the Unit NQC as specified in Appendix A and the then current Unit NQC and (ii) the applicable Prorated Percentage of Unit Factor for such Unit.
As used above: “Administrative NQC Reduction” means a reduction in the maximum achievable Net Qualifying Capacity of the Facility due to a reduction that has been generally applied to resources materially similar to the Facility in terms of generating technology and operational characteristics (including those characteristics specified in the CPUC Master Resource Database), including any methodology that incorporates fleet averages or other average outage rates.
Seller’s obligations to deliver Product at the Contract Quantity and pay the Variable Settlement at the Payment Quantity shall be reduced proportionately by the amount of reduction in the Project’s NQC and/or EFC, as determined by CAISO or Governmental Authority.