Tolling Rate definition
Tolling Rate means with respect to any period and any ESA, the specified rate used for the supply of electricity or for the conversion of natural gas into electricity in the calculation of the fees owed to Buyer by the ESA Customer pursuant to such ESA. Tolling Rates are set forth on a dollar-per-kWh ($/kWh) basis or a dollar-per-MMBtu ($/MMBtu) basis, as indicated in the applicable ESA.
Tolling Rate means the rate due and payable under a Customer Agreement. The “Tolling Rate” may be referred to as a “usage fee”, “System Operations Rate”, or similar term in the Customer Agreement.
Tolling Rate means with respect to any period the specified rate used for the supply of electricity or for the conversion of natural gas into electricity in the calculation of the fees owed to Buyer by a PPA Customer pursuant to a PPA. Tolling Rates are set forth on a dollar-per-kWh ($/kWh) basis or a dollar-per-MMBtu ($/MMBtu) basis, as indicated in the applicable PPA. “Training Materials” is defined in Section 4.7. “Tranche” means an amount of Facilities, measured on the basis of the aggregate System Capacity of the Bloom Systems comprising such Facilities (in kW), for which Seller is invoicing Buyer pursuant to Section 2.3(a)(i). “Tranche Notice” is defined in Section 2.2. “Transaction Documents” means this Agreement and the Payment Certificates. “Transmitting Utility” means, with respect to a Facility, the local electric utility company in whose territory the Facility is located. “Underperforming Facility” means any Facility that fails to deliver, in any Calendar Quarter during which the Portfolio fails to satisfy the Performance Warranty, a number of kWh greater than or equal to the product of (a) such Facility’s aggregate System Capacity multiplied by [***], and (b) the number of hours in such quarter minus the number of hours as of the last day of such quarter when such Facility (i) was subject to a Force Majeure Event, (ii) was not delivering Energy because of a failure to perform by the applicable PPA Customer, except to the extent caused or contributed to by Seller or its employees, agents, subcontractors or representatives, (iii) was required by a Legal Requirement (which for this purpose shall include any utility requirement) to be disconnected from the distribution or transmission facilities of the Transmitting Utility or otherwise required not to deliver Energy as the result of a Legal Requirement or action by or a directive from the applicable Transmitting Utility with respect to the applicable Facility (e.g., due to a grid event), or (iv) was impacted by a failure of the Battery Solution to perform in accordance with any warranty(ies) provided by the Battery Solution Manufacturer (excluding any such failure of the Battery Solution that is attributable to a Bloom Component Defect), except to the extent caused or contributed to by Seller or its employees, agents, subcontractors and representatives. “UPM” means an uninterruptible power module, to be included in certain of the Facilities. “Warranty Period” means, for each Facility, the Manufacturer’s Warran...
Examples of Tolling Rate in a sentence
The Tolling Rate assumes a maximum number of additional cycles of [XXX] per Contract Year.
Seller shall share with Buyer the value of any credit received by Seller, as follows: Contract price reduction, per 1%: $[per bid]per MW-mo/MWh (reduction can be applied to Storage Rate, Tolling Rate (if applicable), or both (if applicable)).