Load Reduction Sample Clauses

Load Reduction. Faculty members, with the approval of the department and the Administration, shall be able to reduce their full-time base load up to a maximum of twenty-five percent (25%). Their salary shall be reduced proportionately. Faculty members approved for this option shall not be allowed to teach overload. Determination of such reductions shall be made on a semester by semester basis or yearly basis.
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Load Reduction. Faculty Members who involuntarily accept a reduction from more than seventy-five percent (75%) to less than seventy-five percent (75%) shall have their fringe benefit program continued as though their employment level were above seventy-five percent (75%).
Load Reduction. Load Reduction is a calculation of the effective amount of load, in Kilowatt (kW), that a Customer was able to curtail during a curtailment event. The load reduction is calculated by subtracting the Customer’s actual usage, in Kilowatt-Hour (kWh), during an event from the Customer’s baseline usage during the same time period, and dividing by the number of hours within the Curtailment Event.
Load Reduction. 8.1 The cost of providing Load Reduction shall include sums in respect of:
Load Reduction. The Parties understand and agree that Buyer intends to receive capacity and transmission attributable to the amount by which the Unit reduces Buyer’s load during Buyer’s annual peak that is coincident with ISO-NE’s peak and Buyer’s monthly peak and Seller agrees to not take any action that would deprive Buyer of those benefits. If any of such benefits are no longer available as a result of load reduction but become otherwise available, then Seller agrees to work cooperatively with Buyer and to take reasonable actions as needed for Buyer to realize such benefits. Notwithstanding anything else to the contrary in this Agreement, if at any time the Unit may no longer be treated as a load reducer then at Buyer’s sole option, the Parties shall make commercially reasonable efforts to take the actions necessary for ISO-NE to credit Buyer for capacity attributable to the Unit. Such efforts may include accordance with ISO-NE Rules in order for Buyer to receive credit for capacity attributable the Unit.
Load Reduction. By mutual agreement between the faculty member and the appropriate educational administrator, faculty may elect to use banked load to reduce load in any subsequent semester. Faculty shall receive regular pay as if they were assigned a full contract load.
Load Reduction. During the Term and in accordance with the Peak Flex Credit Tariff: (a) Aggregator shall aggregate groups of Customers who collectively can reduce electric demand on Company’s systems by at least 50 kW during defined Control Events. The Customer aggregation groups are set forth on the first page of the PFC Aggregator Agreement under “Customer Allocation” and further defined in the Peak Flex Credit Tariff. Aggregator commits to the electric load reduction option selected for each Customer by the amount set forth on the Customer. Allocation table. Customers and Customer Allocations must be as set forth on the 1st page of this PFC Aggregator Agreement, prior to Aggregator using a Customer’s load for purposes of the PFC Pilot. Throughout the Term, the Parties may update the Customer Allocation table by mutual written agreement (including updated Customer Allocations); (b) Aggregator shall ensure each Customer included in the Customer Allocation agrees: (i) to participate in the PFC Program through Aggregator rather than directly with Company; (ii) to forfeit any right such Customer may have to receive any direct payment or bill credit under the Peak Flex Credit Tariff; (iii) to Company paying Aggregator any credit or payment allowed under the Peak Flex Credit Tariff; (iv) Customer accepts payment or other benefit provided for in Customer’s agreement with Aggregator as Customer’s sole and exclusive compensation for Customer’s participation in the PFC Pilot through Aggregator; (c) Aggregator shall deliver the total electric load reductions specified by the sum of the Customer Allocations.
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Load Reduction. A faculty member who is at least fifty-five (55) years of age may request a reduction from the twenty-four (24) credit hours of regularly scheduled courses or the thirty-five (35) scheduled hours per week. If the request for a load reduction is denied by the chair, the faculty member may appeal to the xxxx. The xxxx shall respond to the faculty member’s appeal within ten (10) working days. If denial occurs at the level of the xxxx, the faculty member may appeal to the xxxxxxx. The xxxxxxx shall respond to the faculty member’s appeal within fifteen (15) working days. The xxxxxxx’x decision shall be binding, and is not subject to the grievance process. The faculty member’s salary shall be subject to prorated reduction on a per-credit-hour or hourly basis. The faculty member shall continue to receive all salary increments due under this Agreement on the aforementioned pro rata basis and Western shall continue to offer and make its contribution to the faculty member’s fringe benefits, with the contribution to retirement based upon the prorated reduced salary but the retirement contribution shall be at one hundred forty percent (140%) of the contractual contribution rate. The Office of the Xxxxxxx shall promptly notify the Chapter, in writing, whenever any such request from a faculty member is granted. A load reduction request under this article must include a date certain for retirement and, once the reduced load is approved, said reduction shall remaining effect until the faculty member’s retirement. Faculty on such reduced loads shall not be eligible for Summer I and Summer II assignments.
Load Reduction a. A banked load credit may be used by a unit member to reduce a load during a semester. However, load reduction is not a leave, as defined in Article 10; therefore, the unit member is not excused from responsibilities enumerated in Article 12.

Related to Load Reduction

  • Fee Reduction The Adviser agrees that from the commencement of operations of the Fund through January 31, 2020, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, excluding taxes, “Acquired Fund” fees and expenses, dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions, do not exceed (on an annual basis) 1.15%, as a percentage of the Fund’s average daily net assets.

  • Optional Reductions The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments to an amount not less than the Outstanding Amount of Revolving Loans, Swing Line Loans and L/C Obligations; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon five (5) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $2,000,000 or any whole multiple of $1,000,000 in excess thereof, and (iii) the Borrower shall not terminate or reduce (A) the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, (C) the Swing Line Sublimit if, after giving effect thereto and to and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the Swing Line Sublimit and (D) the Alternative Currency Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Loans denominated in an Alternative Currency would exceed the Alternative Currency Sublimit.

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

  • Reduction A. No regular employee or limited-term regular employee shall be reduced to a position in a lower class for reasons of unsatisfactory performance or physical disability except for reasonable cause.

  • Reduction of Total Commitment The Borrower shall have the right at ----------------------------- any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $2,500,000 or an integral multiple of $500,000 in excess thereof or terminate entirely the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their --- ---- respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this (S)2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

  • Commitment Reduction The Borrowers shall have the right, upon at least two Business Days’ notice to the Administrative Agent, to terminate in whole or, upon same day notice, from time to time to permanently reduce ratably in part the unused portion of the Commitments; provided that each partial reduction shall be in the aggregate amount of $5,000,000 or in an integral multiple of $1,000,000 in excess thereof; provided, further, that the Commitments may not be reduced to an amount that is less than the aggregate Stated Amount of outstanding Letters of Credit. Subject to the foregoing, any reduction of the Commitments to an amount below $200,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount). Each such notice of termination or reduction shall be irrevocable; provided, further, that, if, after giving effect to any reduction of the Commitments, any Borrower Sublimit exceeds the amount of the aggregate Commitments, such sublimit shall be automatically reduced by the amount of such excess. Without limiting subsection (b) below, any Commitment reduced or terminated pursuant to this subsection (a) may not be reinstated.

  • Increased Cost and Reduced Return; Capital Adequacy (a) If any Lender determines that as a result of the introduction of or any change in or in the interpretation of any Law, or such Lender's compliance therewith, there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining Eurodollar Rate Loans or (as the case may be) issuing or participating in Letters of Credit, or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this subsection (a) any such increased costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to which Section 3.01 shall govern), (ii) changes in the basis of taxation of overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either thereof under the Laws of which such Lender is organized or has its Lending Office, and (iii) reserve requirements utilized, as to Eurodollar Rate Loans, in the determination of the Eurodollar Rate), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction.

  • Increased Costs and Reduction of Return (a) If any Lender determines that due to either (i) the introduction of or any change in the interpretation of any law or regulation or (ii) the compliance by that Lender with any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law), there shall be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining any LIBOR Rate Loans, then the Borrowers shall be liable for, and shall from time to time, upon demand (with a copy of such demand to be sent to the Agent), pay to the Agent for the account of such Lender, additional amounts as are sufficient to compensate such Lender for such increased costs.

  • Commitment Reductions Any reduction of the Revolving Loan Commitments required or permitted hereunder shall reduce the Revolving Loan Commitment of each Lender having a Revolving Loan Commitment on a pro rata basis based on the Commitment Ratio of such Lender for the Revolving Loan Commitment.

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