Ramp-Down definition

Ramp-Down the phase during which the total volume of the Strategic Demand Reserve should be reduced based on the activation requested by ▇▇▇▇, and which is defined in the contract concluded between the supplier of the Strategic Demand Reserve and ▇▇▇▇;
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Ramp-Down rates set out in the Design Limits). A "Dispatch Variance" shall occur any time that there are two Variances during any Day but only if (i) Virginia Power notifies Operator of each such Variance (by telephone or facsimile), (ii) the second such Variance is recorded by Virginia Power at 30 minutes after the time of the notice given to Operator respecting the first such Variance and (iii) Virginia Power provides notice of the second Variance within a reasonable time after it is recorded (but in no event later than four hours after it is recorded).
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Ramp-Down. 15 year contract with ramp down beginning in year 7 in an aggregate potential reduction amount of approximately 1500 MW. The actual schedule will be mutually agreed upon and will reference specific units. Any amount ramped down must be for the full increment of capacity listed on the schedule. After receiving bids, if LIPA exercises this option in years 7 to 10, NYECO will receive 100% of the present value of the related capacity charges for the remainder of the contract. Beginning in the 11th year, the recovery percentage will decline each year in increments of 12.5%, resulting in a 37.5% recovery in the 15th year. Capital expenditures, if approved by LIPA, will be included in the capacity charges and recovered as described above. If the economic useful life of any proposed capital addition significantly exceeds the remaining term of the contract, LIPA and NYECO will negotiate a mutually agreeable cost recovery mechanism. NYECO may use any capacity released pursuant to this option to bid on new capacity or on other ramp-down amounts. Allocation of profits on off-system sales from specific units during the term of the contract will be shared based upon LIPA's then current payment of or, pursuant to the ramp-down option, LIPA's prepayment of the related remaining capacity payments according to the following schedule: Non Ramped-Down Capacity LIPA/NYECO Years 1 to 15 67%/33% Ramped-Down Capacity Years 7 to 10 67%/33% Year 11 60%/40% Year 12 53%/47% Year 13 46%/54% Year 14 39%/61% Year 15 33%/67% Profits on any system sales to LIPA from released capacity will be for NYECO's account. LIPA will provide open access to NYECO on its transmission system to the extent available, priced at applicable FERC tariffs or other non-discriminatory terms and prices. If LIPA's exercise of this option results in operational inefficiencies at Northport, the power sales capacity price will be adjusted to reflect demonstrable cost increases due to such inefficiencies.
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Examples of Ramp-Down in a sentence

  • Ramp-Down Period: The period from and including the date 30 days prior to the Scheduled Termination Date and ending on and including the Scheduled Termination Date.

  • Ramp-Down Period: The period from and including the date 90 days prior to the Scheduled Termination Date and ending on and including the Scheduled Termination Date.

  • Ramp-Down Period: The period from and including the date 60 days prior to the Scheduled Termination Date and ending on and including the Scheduled Termination Date.

  • Second Floating Rate Payer Payment Dates: The tenth Business Day following the last day of each Monthly Period; provided that (a) the initial Second Floating Rate Payer Payment Date will be the first such Business Day after the last day of the Ramp-Up Period and (b) the final Second Floating Rate Payer Payment Date will be the day preceding the first day of the Ramp-Down Period.

  • Second Floating Rate Payer Payment Dates: The seventh Business Day following the last day of each Monthly Period; provided that (a) the initial Second Floating Rate Payer Payment Date will be the first such Business Day after the last day of the Ramp-Up Period and (b) the final Second Floating Rate Payer Payment Date will be the day preceding the first day of the Ramp-Down Period.

  • Third Floating Rate Payer Payment Dates: The tenth Business Day following the last day of each Monthly Period; provided that (a) the initial Third Floating Rate Payer Payment Date will be the first such Business Day after the last day of the Ramp-Up Period and (b) the final Third Floating Rate Payer Payment Date will be the day preceding the first day of the Ramp-Down Period.

  • The Ramp-Down Plan must take into consideration that all Projects should be complete and Incentives paid by December 15, 2018.

  • If any day in a month falls during a DR Period, Ramp-Down Period or Ramp-Up Period, Meridian shall, as soon as practicable, but no later than 10 Business Days, after the end of that month, notify NZAS in writing of the Actual Reductions achieved during the DR Period, Ramp-Down Period and Ramp-Up Period and the total amount that is payable by Meridian under clause 9 of this Agreement in respect of the previous month.

  • The JV Group shall, however, have a right to during the Ramp-Down Period, and as a consequence of the JV Company not having any employees (once transferred into an IP Holding Company) request a Party to provide required migration services (as set out in Exhibit 13.2.4) in order for the JV Group Companies to honour its contractual obligations on terms that are compliant with Clause 3.3.1.

  • Ramp-Down Period: The period from and including the date 90 days prior to the Citibank Optional Termination Date and ending on and including the Citibank Optional Termination Date.


More Definitions of Ramp-Down

Ramp-Down has the meaning ascribed in Article 11.
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