Peak Demand means the maximum Metered Demand in the last 12 months;
Payoff Letter shall have the meaning set forth in Section 6.13.
Billing Demand means the metered demand or connected load after necessary adjustments have been made for power factor, intermittent rating, transformer losses and minimum billing. A measurement in kiloWatts (kW) of the maximum rate at which electricity is consumed during a billing period;
Certificate of Unpaid Demand Note Demand means a certificate substantially in the form of Annex B to any Multi-Series Letter of Credit.
on demand means a system where a user, subscriber or viewer is enabled to access, at a time chosen by such user, any content in electronic form, which is transmitted over a computer resource and is selected by the user;