Unit Contingent Energy definition

Unit Contingent Energy means Energy delivered by the Energy Storage System that is dependent upon the availability and operation of that Energy Storage System.
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Unit Contingent Energy means, with respect to this Transaction, that the Energy Dispatched by Buyer shall be provided solely from the Units and that Seller shall be relieved of its obligations to deliver the Dispatched Energy without liability (i) to the extent that, and for the period during which, such performance is prevented by Force Majeure or as a result of a Scheduled Outage as provided for in paragraph 4 of Part I of this Confirmation, or (ii) if any Unit experiences a Forced Outage or an unplanned outage, as provided for in paragraph 5 of Part I of this Confirmation, including without limitation, unavailability related to the disconnecting of the Facility or any Unit from the Gas Delivery Point and/or from the Energy Delivery Point, or (iii) if any Unit is unavailable as a result of a Maintenance Outage for any other operating reason relating to equipment failure or threat of equipment failure or other equipment related limitations as provided for in paragraph 6 of Part I of this Confirmation, or (iv) if any Unit is unavailable as a result of Seller’s, its Affiliates, or its agent’s inability to operate any Unit or the Facility due to legal, regulatory or permitting restrictions, including, but not limited to emissions restrictions or (v) any Unit is unavailable for any other reasons beyond the reasonable control of Seller, or (vi) any Unit is unable to run due to Buyer's default, including without limitation, Buyer’s failure to deliver sufficient, or any, Natural Gas to the Gas Delivery Point to allow Seller to start and run the Units whether or not such failure to deliver Natural Gas was due to Force Majeure (each event in (i) through (vi) above referred to as an “Excused Event”).
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Unit Contingent Energy means Energy produced by a Generating Unit that is dependent upon the availability and operation of that Generating Unit.
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Examples of Unit Contingent Energy in a sentence

  • The distinction is necessary in a framework in which variations in VER output are considered jointly with variations in load for purposes of defining the need for flexible capacity.6 CAISO rules do appear to recognize distinct energy products at its interties of Firm Energy, Non-Firm Energy and Unit Contingent Energy for the purposes of contingency reserve calculations.

  • Product: Unit Contingent Energy Delivery Period and Term: Energy Price: Payment Schedule:Unit Contingent Energy The Term begins on the later of the date of the final, unappealable NHPUCRegulatory Approval Determination that this Confirmation and its Attachment A are in conformity with RSA 362-H or February 1, 2019 and continues through July 31, 2019.

  • Xxxxx agrees that it shall provide the Natural Gas necessary to both start the Units and to produce the amount of Unit Contingent Energy requested to be Dispatched by Buyer.

  • All prices for Unit Contingent Energy are expressed in terms of $/MWh.

  • Energy Price:Effective during the Term, PSNH will compensate Seller for Unit Contingent Energy received at the Delivery Point in accordance with the pricing provisions set forth below.

  • If Buyer properly schedules the delivery of Energy produced by the Units ("Dispatch") and within the limits set forth herein, Seller shall supply "Unit Contingent Energy" pursuant to the terms hereof, also referenced herein as “Energy”.

  • To the extent provided in the applicable Agreement, payment may be made in whole or in part by delivery (including constructive delivery) of Shares (provided that such Shares, if acquired pursuant to an option granted hereunder or under any other plan maintained by the Company or any Affiliate, have been held by the Participant for at least six (6) months) valued at Fair Market Value on the Date of Exercise or by delivery of a promissory note as provided in Section 7.2 hereof.

  • Western Interconnection Tagged Unit Contingent Energy - Electrical energy from a specific unit, interruptible only for disruptions of the specific unit and on conditions as agreed upon by contract.

  • The Seller’s obligation to make the initial deposit and each succeeding deposit to the Credit Guarantee Fund shall be extended during the operation of any Uncontrollable Force which shall have the effect of suspending or limiting the payment to the Seller of the Purchase Price for Unit Contingent Energy delivered to the Delivery Point.

  • The Purchase Price shall be deemed to include full reimbursement for, and the Seller is liable for and shall pay, or cause to be paid, or reimburse the Department for if the Department has paid, all taxes applicable to the Unit Contingent Energy that arise prior to the Delivery Point.


More Definitions of Unit Contingent Energy

Unit Contingent Energy means the electrical energy produced, flowed and delivered from the Facility to the Delivery Point, net of transmission losses, pursuant to the terms hereof, being the integral with respect to time of the instantaneous power, measured in units of watt- hours or standard multiple thereof, e.g. 1,000 Wh = 1 kWh, 1,000 kWh = 1 MWh, etc.
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Unit Contingent Energy means Energy produced by a Generating Unit providing Unit Contingent Capacity.
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Related to Unit Contingent Energy

  • Unit Contingent means that Seller is excused from any failure to Deliver Product quantity on account of failure of a specified Renewable Energy Facility to generate the amount of RECs necessary in the Vintage or other time period indicated. In such event, Seller shall not be liable to Buyer for any damages, including any amounts determined pursuant to Article 5.

  • Holdings LLC Agreement means the Amended and Restated Limited Liability Company Agreement of Holdings dated as of the Closing Date.

  • Contingent Facilities means those unbuilt Interconnection Facilities and Network Upgrades upon which the Interconnection Request’s costs, timing, and study findings are dependent and, if delayed or not built, could cause a need for restudies of the Interconnection Request or a reassessment of the Interconnection Facilities and/or Network Upgrades and/or costs and timing.

  • Management Entity means the community developmental disability program or private corporation that operates the regional crisis diversion program, including acting as the fiscal agent for regional crisis diversion funds and resources.

  • Cogeneration unit means a unit that is able to operate in cogeneration mode;

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Contingent Load means Load payable by the Unit Holder at actual basis to the extent of loss incurred by fund due to disinvestments if Units are redeemed by any major Unit Holder in such period of time that the Management Company believes may adversely affect the interest of other Unit Holder(s). Any Contingent Load received will form part of the Trust Property.

  • Not Contingent means any obligation having as of the Delivery Date or Valuation Date, as applicable, and all times thereafter an outstanding principal balance or, in the case of obligations that are not Borrowed Money, a Due and Payable Amount, that pursuant to the terms of such obligation may not be reduced as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). A Convertible Obligation, an Exchangeable Obligation and an Accreting Obligation shall satisfy the Not Contingent Deliverable Obligation Characteristic if such Convertible Obligation, Exchange Obligation or Accreting Obligation otherwise meets the requirements of the preceding sentence so long as, in the case of a Convertible Obligation or an Exchangeable Obligation, the right (A) to convert or exchange such obligation or (B) to require the issuer to purchase or redeem such obligation (if the issuer has exercised or may exercise the right to pay the purchase or redemption price, in whole or in part, in Equity Securities) has not been exercised (or such exercise has been effectively rescinded) on or before the Delivery Date or Valuation Date, as applicable. If a Reference Obligation is a Convertible Obligation or an Exchangeable Obligation, then such Reference Obligation may be included as a Deliverable Obligation only if the rights referred to in clauses (A) and (B) above have not been exercised (or such exercise has been effectively rescinded) on or before the Delivery Date or Valuation Date, as applicable.

  • Renewable Energy Certificate or "REC" means a certificate

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • Renewable energy resources means resources as defined

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Renewable energy means the grid quality electricity generated from renewable energy sources;

  • Generation Unit means a facility that converts a fuel or an energy resource into electrical energy.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Energy Storage Resource means a resource capable of receiving electric energy from the grid and storing it for later injection to the grid that participates in the PJM Energy, Capacity and/or Ancillary Services markets as a Market Participant. Facilities Study:

  • Class II renewable energy means electric energy produced at a

  • Solar renewable energy certificate or "SREC" means a

  • renewable energy sources means renewable sources such as small hydro, wind, solar including its integration with combined cycle, biomass, bio fuel cogeneration, urban or municipal waste and other such sources as approved by the MNRE;

  • Dividend Reinvestment Acquisition means an acquisition of Voting Shares pursuant to a Dividend Reinvestment Plan;

  • Class I renewable energy means electric energy produced from

  • Total Fund Operating Expenses with respect to a Fund is defined to include all expenses necessary or appropriate for the operation of the Fund including the Adviser’s investment advisory or management fee under the Advisory Agreement and other expenses described in the Advisory Agreement that the Fund is responsible for and have not been assumed by the Adviser, but excludes front-end or contingent deferred loads, taxes, leverage expenses, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any.

  • Individualized family service plan means a written plan for providing early intervention services to an eligible child and the child’s family.

  • Delivered Energy means the kilowatt hours of Electricity actually fed and measured by the energy meters at the Delivery Point and as certified by SLDC/MSEDCL authorities.

  • Company Operating Agreement means that certain Eighth Amended and Restated Limited Liability Company Agreement of the Company, dated as of September 20, 2013, as the same may be amended from time to time.