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.

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

All Trust Operating Expenses shall be payable solely out of the Trust Operating Reserve.
The Replacement Reserve Fund, the Operating Reserve Fund and the Tax and Insurance Fund shall be funded, and moneys therein shall be disbursed, in accordance with the provisions of the Indenture and this Section 5.22.
In the event that Xxxxxxx 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 Xxxxxxx’x 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 Greeley to make a payment required under Section 6.3.
Amounts on deposit in the Operating Reserve Account may be used by the Operator to pay deficiencies in deposits as set forth in Section 6.6.2 (i), (ii), and (iii).
There is hereby created and established an Operating Reserve Account to be held by the Operator.

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 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 Control Area, as specified in the PJM Manuals.

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

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,