Operating Reserve definition

Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

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Operating Reserve means: (1) in ISO-NE, an Operating Reserve as defined in Section I.2.2 of the ISO-NE Tariff, and (2) in NYISO, an Operating Reserve as defined in Section 2.2 of the NYISO Services Tariff. For purposes of Schedule D to this Agreement, 10-minute Operating Reserve is considered a higher quality product than 30-minute Operating Reserve.

Operating Reserve means the amount of generating capacity scheduled to be available for a specified period of an Operating Day to ensure the reliable operation of the PJM Region, as specified in the PJM Manuals.

Examples of Operating Reserve in a sentence

• With respect to a Payment Default by Purchaser, funds in the operating reserve account, if any, whether held by SCPPA or held under the Indenture may be used, to the extent necessary and to the extent available and, where applicable to the extent consistent with the Indenture, to cover any deficiency with respect to any payment due by SCPPA attributable to Purchaser’s participation in the Project under the Indenture during the period prior to the Operating Reserve Depletion Date.

• In the event that Superior fails to fully and timely pay its pro-rata share of Operating C&E under Section 6.3.1, the WGFP Enterprise may draw upon Superior’s portion of the Operating Reserve Fund or such other reserves as the Enterprise Board may establish and maintain in relation to Operating C&E pursuant to Section 6.1.2 to make up any deficiency as a result of the failure of Superior to make a payment required under Section 6.3.

• Borrower covenants and agrees that the Operating Reserve shall not be funded from the County Board’s retained sixty-two percent (62%) of the Residual Receipts, pursuant to the disbursement of such Residual Receipts to the Borrower under Section 2.05(b)(1) above.

• Of the funding to be provided by the Participating Localities, York County and James City County are expected to pay 100% of the Operational Supplemental Amount, Capital Reserve Funding and the Operating Reserve Funding (the “County Annual Payment”).

• The specific amount of the Operating Reserve Account shall be set forth in the Regulatory Agreement.

More Definitions of Operating Reserve

Operating Reserve means the funds necessary to pay the ongoing fees, interest costs and operating and administrative costs in respect of the Partnership that are payable. The Operating Reserve will be deducted from the Gross Proceeds of each of the Portfolios on a pro-rated basis and will not form part of the Available Funds for investment in Flow-Through Shares for the Portfolios.

Operating Reserve means an amount equal to 2.25% of the Gross Proceeds in respect of each of the Portfolios, which will be set aside to pay the ongoing fees (including the General Partner’s Fee), interest costs and operating and administrative costs of the Partnership. The National Portfolio’s share of the Operating Reserve will be funded through funds borrowed under the National Portfolio Loan Facility, and the Québec Portfolio’s share will be funded out of the Gross Proceeds from the sale of Québec Class Units.

Operating Reserve means any operating reserve for the Project required to be maintained pursuant to the terms of the Limited Partnership Agreement.

Operating Reserve means an amount equal to 2.25% of the Gross Proceeds in respect of each of the Portfolios, which will be set aside to pay the ongoing fees, interest costs and operating and administrative costs of the Partnership. The Operating Reserve will be funded out of the Gross Proceeds from the sale of Units.

Operating Reserve means that portion of the fund balance which has not been appropriated in a budget year; and

Operating Reserve means an amount equal to 8.3% of all general fund appropriations in the

Operating Reserve means one of the two sub-accounts that comprise the Reserve Account. “Operating Reserve Minimum” means ( a ) 1,000 acre-feet of Operating Reserve Water in the Operating Reserve prior to the date that is three (3) years following the Performance Start Date,