Storage Contract Capacity definition

Storage Contract Capacity means the total capacity (in MW) of the Storage Facility initially equal to the amount set forth on the Cover Sheet, as the same may be adjusted from time to time pursuant to Section 5(b) of Exhibit B or Section 4.9 and Exhibit O to reflect the results of the most recently performed Storage Capacity Test.

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Storage Contract Capacity means the actual total installed nameplate AC Capacity of the Storage Facility as determined by the then-current Storage Contract Capacity Test, as the same may be adjusted from time to time pursuant to Section 7.6(a)(iv).

Storage Contract Capacity means the total capacity (in MW) of the Storage Facility initially equal to the amount set forth on the Cover Sheet, as the same may be reduced pursuant to Section 5(b) of Exhibit B.

Examples of Storage Contract Capacity in a sentence

The Parties acknowledge and agree that it is difficult or impossible to determine with precision the amount of damages that would or might be incurred by ▇▇▇▇▇ as a result of Seller’s failure to achieve Commercial Operation on or before the Guaranteed Commercial Operation Date or to achieve (A) a Contract Capacity equal to at least ninety- five percent (95%) of the Expected Capacity and/or (B) a Storage Contract Capacity equal to at least ninety-five percent (95%) of the Storage Expected Capacity.
Buyer shall pay for the Charging Energy used to charge the Storage Facility in connection with the first Storage Contract Capacity Test during any Contract Year.
Any other costs of any Storage Facility Test, including costs for Charging Energy for subsequent Storage Contract Capacity Tests, shall be borne by Seller .
During the Delivery Term, Seller shall maintain the Storage Facility with a Storage Contract Capacity of not less than the [•] MWAC (the “Guaranteed Storage Contract Capacity”).
Seller shall use commercially reasonable efforts to cause the Storage Contract Capacity to be equal to or exceed the Guaranteed Storage Contract Capacity by no later than the Commercial Operation Date.
Seller will promptly provide written notice to Buyer of any Loss Event, specifying in reasonable detail its cause, any Storage Contract Capacity affected thereby, the steps Seller plans to take to repair and restore the Project and the time required to complete such repair and restoration.
Thereafter, at least once per year, Seller shall schedule and complete a Storage Contract Capacity Test in accordance with Appendix B.
Seller shall use commercially reasonable efforts to (i) cause each Milestone set forth in Exhibit C to be achieved by the corresponding Milestone Date, (ii) cause the Commercial Operation Date to occur on or before the Scheduled Commercial Operation Date; and (iii) cause the Storage Contract Capacity to equal or exceed the Guaranteed Storage Contract Capacity by not later than the Scheduled Commercial Operation Date.
Seller may not modify Project’s design as set forth in Exhibit A unless such modification could not reasonably be expected to (x) have a material and adverse effect on either Party’s ability to perform its obligations under this Agreement; (y) materially move the Project’s location or the Interconnection Point; or (z) materially affect the Storage Contract Capacity, the charging rate, the Round- Trip Efficiency or the Duration of the Storage Facility during each Contract Year.
If the actual capacity determined pursuant to a Storage Contract Capacity Test is less than the then-current Storage Contract Capacity, then the actual capacity determined pursuant to such Storage Contract Capacity Test shall become the new Storage Contract Capacity at the beginning of the day following the completion of the test for all purposes under this Agreement.

More Definitions of Storage Contract Capacity

Storage Contract Capacity. The Storage Facility will have an initial Storage Capacity of [[XX] MW for four (4) hour discharge] and [[XX] MW for eight (8) hour discharge] (the “Storage Contract Capacity”).

Storage Contract Capacity or “Contract Capacity” means the total capacity (in MW) of the Facility initially equal to the amount set forth on the Cover Sheet, as the same may be adjusted from time to time pursuant to Section 5(a) of Exhibit B or Section 4.6 and Exhibit M to reflect the results of the most recently performed Storage Capacity Test.

Storage Contract Capacity means the maximum capability of the ▇▇▇▇ to discharge Energy specified in Section 2.B of Appendix A, as expressed in kW.

Storage Contract Capacity. [XX] MWAC at [ ] hour discharge Guaranteed Storage Availability: [XX%] [percentage of hours each month that the Storage Facility will be available] Guaranteed Efficiency Rate: [XX]% Minimum Efficiency Rate: [XX]% Contract Price: The Contract Price shall be as follows: For any Showing Month in which Seller provided the Storage Product, the Contract Price shall be $[XX]/kW-month; and For any Showing Month in which (a) Seller provided the Storage (No FCDS) Product, or (b) Seller had intended to deliver “Storage Product” but the Storage Facility was not eligible for Full Capacity Deliverability Status, the Contract Price shall be $[XX]/kW-month.

Storage Contract Capacity means, with respect to each City Portfolio, the total capacity (in kW) of all Storage Projects thereunder, initially equal to the amount set forth on the Cover Sheet, as the same may be adjusted from time to time pursuant to Exhibit 4 to comply with Purchaser’s written request or reflect the results of the most recently performed Storage Capacity Test for each Storage Project.

Storage Contract Capacity means the total capacity (in MW) of the Storage Facility determined in accordance with Section 4.9 and Exhibit O, as the same may be adjusted from time to time pursuant to Section 4.9 and Exhibit O.