Standby Period definition

Standby Period means the period from the date of this Agreement until HML is appointed as Administrator in accordance with Clause 2.3 or until the termination of this Agreement in accordance with Clause 13 (Termination by HML), Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice).

Standby Period will normally run seven (7) consecutive days. In cases where operational requirements allow, standby periods may run less than seven (7) consecutive days.

Standby Period means the period from 1 January 2014 through 30 June 2014 during which (a) OWNER shall perform the REFURBISHMENT WORK under Clause 5.2 and (b) the STANDBY FEE shall be payable by COMPANY to OWNER regardless of the rate of hydrocarbon production of the FPSO during such period.

Examples of Standby Period in a sentence

• Service taken up to a Customer’s Rate Schedule 31 Contract Demand is not considered to occur within a Stand-by Period.

• A temporary reduction in Customer generation, as a response to a system issue on FortisBC’s system, which takes the Customer’s generation off-line.Where service is taken during a Stand-by Period, but is taken under the circumstances described in items a.

• Administrative premium of 10 percent.The Hourly charge is calculated as:Rate Schedule 37 Energy Charges = [(Stand-by Energy x (1+ loss rate %)) x (Mid-C + 0.0040)] x 1.10Where “Stand-by Energy” refers to the energy delivered during the Stand-by Period.

• Power Supply Demand Charge – The peak demand measured during a Stand-by Period will not be used in the calculation of demand charges in Rate Schedule 31.

• Billing Demand in the underlying rate – The maximum demand recorded during a Stand-by Period will not be used in the calculation of Billing Demand in Rate Schedule 31.

More Definitions of Standby Period

Standby Period means a period of 180 days, commencing on the date that a Standby Default exists.

Standby Period means the time during which the mobile worker has no duties, while available for taking up work. Stand-by periods must be known at least one day in advance by the mobile worker and prior to the completion of the previous shift in accordance with the conditions agreed between social partners at the level and under the terms provided in the legislation of the Member States.

Standby Period means from the date of this Agreement until HML is appointed as Administrator in accordance with Clause 2.2 or until the termination of this Agreement in accordance with Clause 13 (Termination by HML), Clause 14 (Termination by Issuer) or Clause 15 (Termination by Notice).

Standby Period has the meaning specified in Section 4.01 hereof.

Standby Period has the meaning given in Exhibit C.

Standby Period has the meaning set forth in Section 4.13(a).

Standby Period means the period commencing on (and including) the FCC Establishment Date and ending on (but excluding) the earliest of the following dates: