Power Guarantee definition

Power Guarantee means any guarantee, letter of credit or similar instrument issued for the account of the Company or any of its Subsidiaries to ensure payment to electric or power companies with respect to electric and/or power arrangements of the Company and its Subsidiaries, each of which is set forth on Section 1.1(d) of the Company Disclosure Schedule.
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Power Guarantee means [X] MW at a power factor of [Z] lagging or leading at the Point of Delivery, accounting for all losses, efficiencies, and auxiliary loads, for the greater of 20 years or the life of Facility.]
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Examples of Power Guarantee in a sentence

  • In the event QTS fails to provide the level of service provided in the Power Guarantee, Customer shall receive the applicable remedy (“Service Level Credit”) described below.

  • The Power Guarantee is measured on a calendar month basis and is based upon Customer’s selection on the Order form of either single or redundant power.

  • In the event QUALITYTECH fails to provide the level of service provided in the Power Guarantee, Customer shall receive the applicable remedy (“Service Level Credit”) described below.

  • Contractor shall use best efforts to obtain, in such OEM contract, a liquidated damages rate of [$******] for each kilowatt by which the actual auxiliary power requirements of an AQC Unit, are greater than the Auxiliary Power Guarantee.

  • With respect to the Securities of a series issued to an NVP Trust, notwithstanding anything to the contrary in the Indenture, the Company shall have the right to set-off any payment it is otherwise required to make thereunder in respect of any such Security to the extent the Company has theretofore made, or is concurrently on the date of such payment making, a payment under the Nevada Power Guarantee relating to such Security.

  • If the auxiliary power requirements for an AQC unit are greater than the Auxiliary Power Guarantee, but only to the extent the Contractor contributes to such excess, the Contractor shall pay FirstEnergy as Liquidated Damages, [$******] for each kilowatt (i.e., prorated for the extent the Contractor contributed to such shortfall) by which the actual auxiliary power requirements of an AQC Unit are greater than the Auxiliary Power Guarantee.

  • With respect to the Securities of a series issued to an NVP Trust, notwithstanding anything to the contrary in this Indenture, the Company shall have the right to set-off any payment it is otherwise required to make thereunder in respect of any such Security to the extent the Company has theretofore made, or is concurrently on the date of such payment making, a payment under the Nevada Power Guarantee relating to such Security.

  • Contractor shall use best efforts to obtain, in such OEM contract, a liquidated damages rate of [$******] for each 0.1 percentage point by which the actual SO2 removal rate is less than the SO2 Emission Removal Rate Guarantee for each AQC Unit, · Auxiliary Power Guarantee: The auxiliary power requirements for an AQC Unit should be less than or equal to the Auxiliary Power Guarantee by the Guaranteed Final Completion Date.

  • Section 2.1. The Company hereby represents that: (a) it is a corporation duly organized and existing under the laws of the State of Nevada; (b) there has not been an Event of Default, and no event which, after notice or lapse of time, or both, would become an Event of Default, and (3) the merger as described in the recitals hereof is permitted under the Trust Agreement and the Nevada Power Guarantee and does not give rise to any breach or violation of the related Trust Agreement or Nevada Power Guarantee.

  • Power Guarantee (Pmax output): 90% of the specified minimum output of the module for a 10-year period, 80% of the specified minimum output of the module for a 25-year period after shipment from Polysolar.

Related to Power Guarantee

  • Loan guarantee means any State or federal government

  • Parent Guarantee means the guarantee by the Parent of the Company’s obligations with respect to the Notes.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.

  • Seller Guaranty has the meaning set forth in Section 3.01.

  • Guaranty means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without limitation) obligations incurred through an agreement, contingent or otherwise, by such Person: