Reference Conditions definition

Reference Conditions means that the provisions in Part I of the Final Terms that specify and complete the relevant set of Terms and Conditions and the relevant set of Terms and Conditions as set out in the Prospectus, taken together shall constitute the Conditions. The Final Terms shall determine which of Option I, II or III of the Terms and Conditions are applicable to the individual Series by referring to the relevant provisions of the relevant set of Terms and Conditions as set out in the Prospectus only. The provisions of the Final Terms and the relevant set of Terms and Conditions as set out in the Prospectus, taken together, shall constitute the Conditions. Each global note representing a particular Series of Notes will have the Final Terms and the relevant set of Terms and Conditions as set out in the Prospectus attached.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Reference Conditions means the following conditions: standard ambient air pressure at the Premises of [?]; ambient temperature, dry bulb, of [?] degrees Fahrenheit; and relative humidity of [?] percent ([?]%).

Reference Conditions means the temperature for volumetric and combustion reference temperature and the absolute pressure for reference pressure specified in the Agreement.

Examples of Reference Conditions in a sentence

• The results of each capacity test under this Section 8.3 shall immediately determine or redetermine the Net Dependable Capacity and Net Heat Rate retroactively to the date Seller can reasonably demonstrate that it took corrective actions to improve the Net Dependable Capacity or Net Heat Rate, adjusted by reference to the curves in Appendix F to Reference Conditions.

• The evaluation methodologies utilize correction factors to correct the measured Unit capacity and Heat Rate to the Reference Conditions.

• The Dependable Capacity shall be the Net Energy Output (excluding any Excess Energy) during those six (6) hours corrected for Site Reference Conditions divided by six (6), but may not exceed the Contracted Facility Capacity.

• Corrections will be applied to measured test results to account for variations in the Base Reference Conditions (Table 2-1) such as ambient temperature and barometric pressure.

• GNPO = measured net power output (kWh) / test point duration (hrs.) Net Dependable Capacity ----------------------- Generator Net Power Output (GNPO) will be corrected from the test conditions to the Reference Conditions.

More Definitions of Reference Conditions

Reference Conditions means the terms of the Reference Assets.

Reference Conditions means ambient atmospheric temperature of 95 degrees Fahrenheit (dry-bulb), 60% relative humidity, adjusted for elevation above mean sea level. "Reference Heat Rate" shall be determined for each hour using the turbine OEM's heat rate performance curves adjusted to site elevation, ambient conditions, load factor and Degradation Curves and as provided in Appendix F. "Replacement Power" (i) prior to the Commercial Operations Date, means electric Capacity and electric energy provided by Seller from time to time to Buyer from sources (including from other units at the ▇▇▇▇▇▇ Station) other than the Facility and (ii) after the Commercial Operations Date, means electric energy provided by Seller from time to time to Buyer from sources (including other units at the ▇▇▇▇▇▇ Station) other than the Facility.

Reference Conditions means that all measurements of ambient air quality are corrected to a reference temperature of 77 F (25 C) and to a reference pressure of thirty (30) inches (760 millimeters, 1013.2 millibars) of mercury.

Reference Conditions means ambient atmospheric temperature of 95 degrees Fahrenheit (dry-bulb), 60% relative humidity, adjusted for elevation above mean sea level.

Reference Conditions. The meaning ascribed thereto in the Power Purchase Agreement.

Reference Conditions has the meaning ascribed thereto in the Functional Specification;

Reference Conditions has the meaning set forth in Exhibit L.