PBF means PBF Energy Inc.
PBF means performance-based financing.
PBF means PBF Holding Company LLC, a limited liability company organized under the laws of the state of Delaware.
Examples of PBF in a sentence
The PIU shall review and approve, on behalf of the Recipient, applications for PBF Payments, in accordance with the provisions of the PBF Manual.
More Definitions of PBF
PBF has the meaning specified in the recitals hereto.
PBF is defined in the introduction to this Agreement.
PBF means The PB Financial Services Corporation, a Georgia corporation.
PBF or “Performance-Based Financing” means payments to be made under Part 1 of the Project upon the achievement of specific actions as further described in the PBF Manual.
PBF. The Performance Bonus Factor is designed to increase the Capacity Payment by a "Capacity Bonus". Eligibility for the Capacity Bonus payment is measured relative to the On-Peak hours (noon to 6:00 p.m. weekdays) of each Peak Month (June, July and August). A Capacity Bonus can be earned by any Project that exceeds an 85% average output (measured solely with reference to the energy produced by the Project's contractually specified firm capacity) during the On-Peak hours of the three Peak Months. The "Performance Bonus Factor (PBF) is a multiplier representing the percentage (up to 17.65%) by which the Projects On-Peak output exceeds 85% of contract firm capacity. Thus, a Performance Bonus Factor of 1.1765 (the maximum PBF; 100% divided by 85% = 1.1765 or 1.1765% of contract firm capacity) represents a 100% capacity factor during the On-Peak hours of each of the Peak Months. (The PBF is 1.0 for output between 80% and 95% of capacity during the On-Peak hours.) In determining Capacity Bonus Payments. PG&E has the right to, and does, accumulate performance for up to five consecutive Bonus Periods. The Maximum Capacity Payment for the Sunnyside Project is shown below: Kilowatts Period Monthly Capacity Performance Maximum Price Delivered Line-Loss Bonus Capacity Factor Capacity Factor Factor Payment ------ -------- ------ ------ ------- PPF x MDC x CLAF x PBF = January $ 17.42 5,500 .989 1.176 $ 111,456 February 17.42 5,500 .989 1.176 111,456 March 17.42 5,500 .989 1.176 111,456 April 17.42 5,500 .989 1.176 111,456 May 17.42 5,500 .989 1.176 111,456 June 17.42 5,500 .989 1.176 111,456 July 17.42 5,500 .989 1.176 111,456 August 17.42 5,500 .989 1.176 111,456 September 17.42 5,500 .989 1.176 111,456 October 17.42 5,500 .989 1.176 111,456 November 17.42 5,500 .989 1.176 111,456 December 17.42 5,500 .989 1.176 111,456 ----- ----- ------- $209.00 1.176 $1,337,477 ======= ===== ========== Base Payment 1.000 $1,136,856 Bonus Payment .176 200,621 ---- ------- 1.176 $1,337,477 ===== ========== Threshold Output
PBF is defined in Section 2.01(c).
PBF is defined in the Preamble.