Reduction Contract definition
Reduction Contract means a contract by and between Borrower and an electricity provider pursuant to which Borrower provides the sale of peak load reduction capacity to such electricity provider.
Examples of Reduction Contract in a sentence
Each such Notice of Term Loan Advance may serve as a request for a Term Loan Advance in an amount not to exceed the aggregate Eligible Reduction Contract Amount for the Eligible Reduction Contracts described in such Notice of Term Loan Advance shall set forth a calculation of such aggregate Eligible Reduction Contract Amount.
The aggregate amount of Term Loan Advances made with respect to any Eligible Reduction Contract shall not exceed at any time the Eligible Reduction Contract Amount.