Storage Efficiency definition

Storage Efficiency has the meaning specified in Schedule 6.4.
View Source

Examples of Storage Efficiency in a sentence

  • The Parties agree that the damages Buyer would incur due to Seller’s failure to meet the Guaranteed Storage Efficiency would be difficult or impossible to predict with certainty and the Storage Efficiency Liquidated Damages amount is a reasonable approximation of such damages.

  • In the event that at the end of any such Contract Year the Storage Efficiency is less than the applicable Guaranteed Storage Efficiency, Seller shall pay to Buyer the Storage Efficiency Liquidated Damages, as calculated pursuant to Schedule 6.4. Such Storage Efficiency Liquidated Damages shall be Buyer’s sole and exclusive remedy for any failure of the Storage Facility to meet the Guaranteed Storage Efficiency.

  • Any disputes regarding the calculation of the Storage Efficiency or Storage Efficiency Liquidated Damages shall be resolved pursuant to Article 18.

  • The Storage Efficiency Liquidated Damages, if any, shall be reflected as a credit to Buyer on the Monthly Invoice issued with respect to the last month of the applicable Contract Year.

  • If the Annual Storage Availability for any Contract Year is less than the Guaranteed Storage Availability, Seller shall pay to Buyer the Storage Availability Liquidated Damages, as calculated pursuant to Schedule 6.3. During each Contract Year of the Delivery Term, Seller shall maintain a Storage Efficiency of not less than the applicable guaranteed storage efficiency set forth on Schedule 6.3 (the “Guaranteed Storage Efficiency”).

  • If the Storage Efficiency for any Contract Year is less than the applicable Guaranteed Storage Efficiency, Seller shall pay to Buyer the Storage Efficiency Liquidated Damages, as calculated pursuant to Schedule 6.3.

  • The Storage Efficiency Liquidated Damages if any, shall be reflected as a credit to Buyer on the Monthly Invoice issued with respect to the last month of the applicable Contract Year.

  • The Storage Availability Liquidated Damages, if any, and the Storage Efficiency and associated Storage Efficiency Liquidated Damages, if any, shall be reflected as a credit to Buyer on the Monthly Invoice issued with respect to the last month of the applicable Contract Year.

  • The Parties agree that the damages Buyer would incur due to Seller’s failure to meet the Guaranteed Storage Availability or the Guaranteed Storage Efficiency would be difficult or impossible to predict with certainty and or the Guaranteed Storage Efficiency, the Storage Availability Liquidated Damages amount and the Storage Efficiency Liquidated Damages amount is a reasonable approximation of such respective damages.

  • The Storage Efficiency Liquidated Damages shall be Buyer’s sole and exclusive remedy for any failure of the Storage Facility to meet the Guaranteed Storage Efficiency.

Related to Storage Efficiency

  • Capture efficiency means the weight per unit time of VOC entering a capture system and delivered to a control device divided by the weight per unit time of total VOC generated by a source of VOC, expressed as a percentage.

  • Transfer efficiency means the percentage of total coating solids employed by a coating applicator which adheres to the object being coated.

  • Irrigation efficiency (IE) means the measurement of the amount of water beneficially used divided by the amount of water applied. Irrigation efficiency is derived from measurements and estimates of irrigation system characteristics and management practices. The irrigation efficiency for purposes of this ordinance are 0.75 for overhead spray devices and 0.81 for drip systems.

  • Thermal efficiency means the useful electric energy output of a

  • high-efficiency cogeneration means cogeneration meeting the criteria laid down in Annex II;