Qualified facility definition
Examples of Qualified facility in a sentence
Any back-up and maintenance power taken by the Qualified Facility will be billed under the appropriate Rate Schedule.
Any Qualified Facility requesting service under this Rider shall enter into a written contract for an initial period of not less than three (3) Contract Years.
The construction of the Minimum Improvements and the Additional Improvements, respectively, will be considered substantially complete on the date when (i) the Minimum Improvements or the Additional Improvements, as applicable, are sufficiently complete for the Developer to lease as a Qualified Facility, and (ii) the Developer has received a certificate of occupancy issued by the City for the Minimum Improvements or the Additional Improvements, as applicable.
Back-up and maintenance power is electrical Energy and capacity provided by the Company to a Qualified Facility to replace Energy, ordinarily generated by the Qualifying Facility, during a scheduled or unscheduled outage of the Qualifying Facility.
The Developer agrees that until the Termination Date, the Developer, and such successors and assigns, shall use, or permit to be used, the Property and the Improvements thereon only as a Qualified Facility which does not result in the Property becoming exempt from real estate property taxes.