System Loss definition
Examples of System Loss in a sentence
In the event of any System Loss that, in the reasonable judgment of Seller, results in damage, destruction or loss (partial or total) of the System, this Agreement will remain in full force and effect so long as the System PPA remains in full force and effect.
The Old Dominion Monthly Delivered Demand less Old Dominion Monthly Delivered SEPA Capacity with such difference being adjusted for losses to reflect load at the generation level by multiplying by the factor of 100 divided by 100 minus the Combined System Loss Percentage.
If Owner notifies Buyer that Owner is willing to repair or replace the System, (i) this Agreement will remain in full force and effect, (ii) Owner will repair or replace the System as quickly as practicable, and (iii) if such System Loss was caused, in total or in part, by Buyer Misconduct, Buyer shall upon Owner’s demand, pay all reasonable costs and expenses of such repair or replacement to the extent such System Loss was caused by Buyer Misconduct.
During any time during which the System is inoperable due to System Loss, but prior to the System’s repair or replacement, the Buyer’s payment obligations hereunder shall be suspended and shall resume upon the recommencement of the System’s Commercial Operation.
Contractor shall be entitled to all proceeds of insurance with respect to the PV System in connection with any PV System Loss.