PV definition

PV means photovoltaic.

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PV means Photovoltaic

PV means the net present value, discounted at 10% per annum, of the future net revenues expected to accrue to the Borrower’s and its Subsidiaries’ collective interests in Proved Reserves expected to be produced from Oil and Gas Properties during the remaining expected economic lives of such reserves. Each calculation of such expected future net revenues shall be made in accordance with the then existing standards of the Society of Petroleum Engineers, provided that in any event (a) appropriate deductions shall be made for severance and ad valorem taxes, and for operating, gathering, transportation and marketing costs required for the production and sale of such reserves, (b) appropriate adjustments shall be made for hedging operations, provided that Hedging Agreements with non-investment grade counterparties shall not be taken into account to the extent that such Hedging Agreements improve the position of or otherwise benefit the Borrower or any of its Subsidiaries, (c) the pricing assumptions used in determining PV for any particular reserves shall be based upon the following price decks: (i) for natural gas, the quotation for deliveries of natural gas for each such year from the New York Mercantile Exchange for ▇▇▇▇▇ Hub, provided that with respect to quotations for calendar years after the fourth calendar year, the quotation for the fourth calendar year shall be applied and (ii) for crude oil, the quotation for deliveries of West Texas Intermediate crude oil for each such calendar year from the New York Mercantile Exchange for Cushing, Oklahoma, provided that with respect to quotations for calendar years after the fourth calendar year, the quotation for the fourth calendar year shall be applied, and (d) the cash-flows derived from the pricing assumptions set forth in clauses (b) and (c) above shall be further adjusted to account for the historical basis differentials for each month during the preceding 12-month period calculated by comparing realized crude oil and natural gas prices to Cushing, Oklahoma and ▇▇▇▇▇ Hub NYMEX prices for each month during such period. Notwithstanding the foregoing, Proved Developed Reserves shall represent not less than 70% of PV.

Examples of PV in a sentence

• Solar Energy Corporation of India Limited (hereinafter referred to as “SECI”) had initiated a Tariff Based Competitive Bid Process for Selection of Solar Power Developers for setting up of 1360 kW Grid-Connected Rooftop Solar PV Projects under RESCO Mode on the terms and conditions contained in the Request for Selection (hereinafter referred to as “RfS”) issued by SECI vide RfS No. dated …...

• Notwithstanding the foregoing, field service does not include, and this Article shall not apply to, maintenance performed by ground equipment (GQ) technicians, buildings/facilities (PV) technicians, Flight Simulator Technicians (FSTs) and Ground Communications Technicians (GCTs) whose regular assignment includes field service and related travel.

• If any PV Module fails to conform to this Limited Warranty and provided that any loss in power is determined by SunPower in its sole discretion (without prejudice of customer’s rights under applicable English law as set out in paragraph 7 below) not to have resulted from one of the excluded events set forth in Section 4 below, then for the Warranty Period, SunPower will repair, replace or refund the defective PV Modules as set forth herein.

• The return of any PV Modules will not be accepted unless prior written authorization has been given by ▇▇▇▇▇▇▇▇.

• Normal wear and tear of PV Module materials can include, but is not limited to, fading of frame color, weathering of glass coatings, and areas of discoloration around or over individual solar cells or any part of the PV Module.

More Definitions of PV

PV means photovoltaic, a method of generating electrical power by converting solar irradiation into electricity;

PV means a photovoltaic solar system;

PV means flat-plate non-concentrating photovoltaic modules.

PV has the meaning provided in Section 3.3(a).

PV has the meaning set forth in Section 2.05 (d).

PV means Produce Ventures, L.L.C., a Delaware limited liability company.

PV has the meaning set forth in the second (2nd) paragraph of the Recitals.