Examples of Term Year in a sentence
The Rental Rate is formulated as follows:- For avoidance of doubt, “Base Rent” refers to the Rent payable for the first year of each Rental Term (Year 1, 4, 7, 10 and 13).
AE = Actual Electricity, as measured in total kWh, delivered by the System for the Term Year plus the estimated lost energy production during a Disruption Period.
The formula for calculating Lost Savings for the applicable Term Year is as follows: Lost Savings = (MGO*WPR - AE) x RV MGO = Minimum Guaranteed Output, as measured in total kWh, for the System for the applicable Term Year.
RV = (ATP - kWh Rate) ATP = Average tariff price, measured in $/kWh, for the Term Year paid by Purchaser with respect to the Premises.
Seller shall calculate a Generating Facility performance factor value for each calendar month and each Term Year on a dedicated worksheet organized with three tables.