Output Percentage definition

Output Percentage shall have the meaning set forth in the Joint Venture Agreement.

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Output Percentage means [***].

Output Percentage means, with respect to a Shareholder and subject to Sections 7.3(b) and 8.4(d), the percentage as of the [***]; provided, however, that notwithstanding anything to the contrary in this Agreement, if all of the Shares owned by one Shareholder and its Subsidiaries (including its SPV) have been Transferred to the other Shareholder and/or its Affiliates in accordance with Section 3.5, 12.3, 12.6 or 13.1, the Output Percentage of the Shareholder that Transferred such Shares shall, [***]; and provided further, however, that if there is a merger or similar transaction involving the Joint Venture Company that results in the Shareholders either not owning shares of the survivor or in the Shareholders owning shares of the survivor in a relative proportion different than their relative Equity Interests immediately prior to such transaction, the Shareholders’ Output Percentages shall [***].

Examples of Output Percentage in a sentence

The Purchaser, upon at least thirty (30) days advance written notice to the District, shall have the right at its sole cost and expense to examine operating records relating to the Purchaser’s Output Percentage during the District’s normal business hours.
The Purchaser’s Output Percentage of the maximum Capacity of the Projects will be reduced by the reserve obligation as described in the District Slice Operating Instructions.
The Purchaser shall have the ability to utilize its full Purchaser’s Output Percentage at any point in time, subject to the availability of Units, the amount of water available, FERC limitations, maximum Ramp Rates, and any other Operational Constraints.
The Parties anticipate that the technology for the transfer of such information and the information required to operate Purchaser’s Output Percentage will change over time.
The District shall sell and deliver, or cause to be delivered, and Purchaser shall purchase and receive, or cause to be received, Purchaser’s Output Percentage at the Points of Delivery, as defined in Section 7, and Purchaser shall pay the District the Purchase Price.
The amount of the Energy scheduled from the Pond/Storage account shall not exceed the Purchaser’s Output Percentage of the sum of the maximum Capacity of the Projects.
Purchaser shall be entitled to utilize the Purchaser’s Output Percentage of the Pond/Storage, as defined in Appendix A, available at Rocky Reach and Rock Island.
Purchaser’s Pond/Storage account will reflect Purchaser’s Output Percentage of allocated inflow being added each hour and Purchaser’s previous hour’s energy subtracted.
Purchaser shall be responsible for any costs or charges imposed on or associated with the transmission of the Purchaser’s Output Percentage from the Points of Delivery.
If Purchaser is utilizing Pond/Storage above or below the Purchaser’s Output Percentage of the Pond/Storage limits in any hour, they will be subject to a non-compliance fee for each hour the Purchaser exceeds or goes below the Purchaser’s Output Percentage of Pond/Storage limits.

More Definitions of Output Percentage

Output Percentage is calculated for a Facility over a given Measurement Period as follows:

Output Percentage is defined in Section 6.01(a) of the O&M.