Production Requirement definition

Production Requirement is defined in Section 6.4(b).
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Production Requirement means a minimum annual production attributable to the Required Business Activity during the past three years
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Examples of Production Requirement in a sentence

  • The DCSEU will notify Subcontractor if Subcontractor’s performance in a particular Production Year failed to meet the Subcontract Annual Minimum Production Requirement for that Production Year.

  • The DCSEU will calculate the projected and actual electricity output in a Production Year and for the Subcontract Operating Period according to the schedule and methodology described in Attachment B2 to determine if Subcontractor has met the Subcontract Annual Minimum Production Requirement in a given Production Year and Subcontract Term Minimum Production Requirement under this Subcontract.

  • The total incentive awarded to Subcontractor for that specific CREF, divided by the Subcontract Term CREF Minimum Production Requirement (kWh) for all years (1 - the final year of the Minimum CREF Commercial Operation Period).

  • Amount of System Underproduction for a specific Production Year, multiplied by the Value of the CREF Minimum Production Requirement for that CREF.

  • Each CREF or Subcontractor’s Portfolio under this Subcontract must meet the Subcontract Annual Minimum Production Requirement as outlined in Attachment B.

  • Notwithstanding the foregoing, in the event that the Production Requirement is not satisfied with respect to any Quarter, the aggregate amount that would have otherwise been distributed to the Unitholders holding Subordinated Units pursuant to subclause (a)(iii) of this Section 6.4 shall be retained by the Partnership and deemed to constitute cash reserves established by the General Partner in accordance with clause (b)(i) of the definition of Available Cash.

  • If Subcontractor fails to meet the Subcontract Annual Minimum Production Requirement, as defined in Attachment B, in a Production Year, Subcontractor shall be required to pay a penalty for failing to meet the Subcontract Annual Minimum Production Requirement for that Production Year.

  • The DCSEU shall use the methodology in Section III.1-2 below to determine the Subcontract Term CREF Minimum Production Requirement for each CREF over the Minimum CREF Commercial Operation Period and the methodology in Section IV (Portfolio Calculation) below to determine the Subcontract Term Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio over the Subcontract Operating Period.

  • Calculate the CREF Minimum Production Requirement (kWh) for Production Years 1 through the final year of the Minimum CREF Commercial Operation Period set forth in Attachment C using the process described in Steps II.1 and II.2.

  • Amount of Portfolio Aggregate Underproduction for the specific Production Year, multiplied by the Value of the Portfolio Aggregate Minimum Production Requirement.