RA Deficiency Amount definition

RA Deficiency Amount means the liquidated damages payment that Seller shall pay to Buyer for an applicable RA Shortfall Month as calculated in accordance with Section 3.3(e)(ii).

RA Deficiency Amount means the liquidated damages payment that Seller shall pay to Buyer for an applicable RA Shortfall Month as calculated in accordance with Section 3.5(b).

RA Deficiency Amount has the meaning set forth in Section 3.7(d).

Examples of RA Deficiency Amount in a sentence

• Buyer shall notify Seller of the RA Deficiency Amount for a given RA Shortfall Month no later than the last day of that RA Shortfall Month.

• Seller shall continue to provide to Buyer an invoice of CAISO charges, net any sums Buyer owes Seller under this Agreement, on or about the tenth (10th) day of each month until the date of the Final True-Up. Buyer shall pay the undisputed amount of such invoices less the amount of any RA Deficiency Amount and the amount of any Forecasting Penalties, as applicable on or before the later of the twenty-fifth (25th) day of each month and fifteen (15) days after receipt of the invoice.

• Any dispute regarding Buyer’s calculation of any RA Deficiency Amount shall be resolved in accordance with Article Twelve.

• The RA Deficiency Amount for a given RA Shortfall Month shall be equal to the product of the RA Value and the Expected Net Qualifying Capacity, as calculated in accordance with Appendix XIV.

• Buyer shall calculate the RA Deficiency Amount for each RA Shortfall Month using the formula set forth in Section 3.3(e)(ii)(B).

More Definitions of RA Deficiency Amount

RA Deficiency Amount has the meaning set forth in Section 1.1 of the ESSA.

RA Deficiency Amount has the meaning set forth in Section 1.1 of the PPA. “RA Shortfall Month” has the meaning set forth in Section 1.1 of the PPA. “Real-Time Market” has the meaning set forth in the CAISO Tariff.

RA Deficiency Amount means the liquidated damages payment that Seller shall pay to Buyer for an applicable RA Shortfall Month as calculated in accordance with Section Error! Reference source not found.(b).

RA Deficiency Amount using the formula set forth in Section 10.3(c) for each RA Shortfall Month and shall notify Buyer of such amount no later than the last day of the applicable RA Shortfall Month. Seller shall pay the RA Deficiency Amount monthly in the form of a deduction from the amount invoiced by Seller in such month pursuant to Article 11. In the event that the RA Deficiency Amount payment due in any month exceeds the invoiced amount pursuant to Article 11, Buyer shall not make any payment to Seller for that Month, and the difference between the invoiced amount and the RA Deficiency Amount payment shall be included in the following Month’s invoiced amount, until the full amount has been deducted. Any dispute with regard to the calculation of any RA Deficiency Amount shall be resolved in accordance with Section 11.3.

RA Deficiency Amount. For each RA Shortfall Month occurring after the RA Guarantee Date, Seller shall pay to Buyer an amount (the “RA Deficiency Amount”) equal to the product of the difference, expressed in kW, of (i) the Qualifying Capacity of the Facility, minus (ii) the Net Qualifying Capacity of the Facility for such month able to be shown on Buyer’s monthly or annual RA Plan to the CAISO and CPUC and counted as Resource Adequacy for System RA and, if applicable, Local RA, (such difference, the “RA Shortfall”), multiplied by the sum of (a) the CPUC System RA Penalty and (b) CPM Soft Offer Cap as listed in Section 43A.4.1.1 of the CAISO Tariff (or its successor); provided that Seller may, as an alternative to paying RA Deficiency Amounts, provide Replacement RA in amounts up to the RA Shortfall, provided that any Replacement RA capacity is communicated by Seller to Buyer with Replacement RA product information in a written notice to Buyer at least seventy-five (75) days before the applicable CPUC operating month for the purpose of monthly RA reporting.

RA Deficiency Amount means the liquidated damages payment that Seller shall pay to

RA Deficiency Amount has the meaning set forth in Section 1.1 of the PPA.