P50 Production definition
P50 Production means the production volume based on the P50 one (1) year confidence levels for Eligible Projects in the Project Pool reflected in the Base Case Model (as updated as of the date of determination).
P50 Production means the production volume based on the P50 one (1) year confidence levels where P50 represents a 50% probability that the energy generation will be equal to or greater than this value as represented from the historical hydrological record used by the Independent Engineer.
P50 Production means the production volume based on the P50 one (1) year confidence levels for the applicable Project determined by the
Examples of P50 Production in a sentence
Delivery to Administrative Agent of the Wind Consultant’s certificate, in substantially the form of Exhibit G-4, with the Wind Consultant’s report attached thereto (the “Wind Consultant Closing Report”), which includes the wind and energy production forecasts for the life of the Projects and analysis attached thereto, and which shall also include a P50 Production Scenario and a P99 Production Scenario with respect to each Project.
More Definitions of P50 Production
P50 Production means the production volume based on the P50 one (1) year confidence levels for Eligible Projects in the Project Pool reflected in the Base Case Model. “Participant” shall have the meaning given to such term in Section 11.05(d)(i). “Participant Register” shall have the meaning given to such term in Section 11.05(d)(ii). “Party” shall mean the Borrower, the Lenders, the Administrative Agent and the Issuing Banks. “PATRIOT Act” shall have the meaning given to such term in Section 11.12. “Payment Date” shall mean (a) each January 31, April 30, July 31 and October 31 of each year falling after the Closing Date, or if any such day is not a Business Day, the immediately preceding Business Day and (b) the Maturity Date. “Payment Facilitation Agreement” shall have the meaning given to such term in Section 6.10(a)(i). “Payment Recipient” shall have the meaning given to such term in Section 10.12(a). “PBI Documents” shall mean (a) all applications, forms and other filings required to be submitted to a PBI Obligor in connection with the performance based incentive program maintained by such PBI Obligor and the procurement of PBI Payments and (b) all approvals, agreements and other writings evidencing (i) that all conditions to the payment of PBI Payments by the PBI Obligor have been met, (ii) that the PBI Obligor is obligated to pay PBI Payments, and (iii) the rate and timing of such PBI Payments. “PBI Obligor” shall mean any utility or Governmental Authority maintaining or administering a renewable energy program designed to incentivize the installation of photovoltaic systems and use of solar generated electricity that has approved and is obligated to make PBI Payments to the owner of the related photovoltaic system. “PBI Payments” shall mean all payments due by the related PBI Obligor under or in respect of such PBI Documents. “Periodic Term SOFR Determination Day” shall have the meaning given to such term in the definition of “Term SOFR”. “Permits” shall mean any and all franchises, licenses, leases, permits, approvals, notifications, certifications, registrations, authorizations, exemptions, qualifications, easements, rights of way, Liens and other rights, privileges and approvals required to be obtained from a Governmental Authority under any Law, rule or regulation (including those required to interconnect a Project to the applicable distribution or transmission grid). “Permitted Indebtedness” shall have the meaning given to such term in Section 6.01.