Examples of Annual output in a sentence
Starting the first full calendar year after the Commercial Operation Date of the Facility, for each year during the Delivery Period, Seller shall deliver to Buyer no less than seventy percent (70%) of the Expected Annual Output averaged over two consecutive calendar years on a rolling basis during the Delivery Period (the “Net Output Requirement”).
Exhibit 5 Expected Annual Output [to be completed by Seller] [Insert table] Exhibit 6 Form of Guaranty THIS GUARANTY AGREEMENT (this ”Guaranty”), dated as of [date], is issued and delivered by [ enter corporate legal name], a [state] [form of entity] (the ”Guarantor”), for the account of [enter corporate name], a [state] [form of entity] (the “Obligor”), and for the benefit of [enter corporate name], a [state] [form of entity] (the ”Beneficiary”).
Seller shall maintain an operations log, which shall include information on the Actual Average Annual Output of the BPA Wind Turbines, planned and unplanned maintenance outages, circuit breaker trip operations requiring a manual reset, partial deratings of equipment, and any other significant event related to the operation of the BPA Wind Turbines.
Exhibit 5 Expected Annual Output [Insert table] Exhibit 6 Form of Guaranty THIS GUARANTY AGREEMENT (this ”Guaranty”), dated as of [date], is issued and delivered by [ enter corporate legal name], a [state] [form of entity] (the ”Guarantor”), for the account of [enter corporate name], a [state] [form of entity] (the “Obligor”), and for the benefit of [enter corporate name], a [state] [form of entity] (the ”Beneficiary”).
If Seller fails to satisfy the Net Output Requirement for any two-year period, to determine compliance with the Net Output Requirement in the next rolling two-year period, then the amount of Energy generated in the first year of such two-year rolling period will be deemed to be the higher of (i) seventy percent (70%) of the Expected Annual Output for such year, or (ii) the actual amount of Energy generated by the Facility in such year.
Contractor and User agree that the Guaranteed Annual Output for a Contract Year will be reduced, as appropriate, to account for any time in which the PV System is temporarily displaced.
The quantity of Guaranteed Annual Output for each year shall be the total of each System’s Expected Annual Output, reduced for each System by the Annual System Degradation Factor, multiplied by 0.825.
If this Contract terminates as to a particular System, the Guaranteed Annual Output shall be reduced in the amount of that System’s contribution to the Guaranteed Annual Output, pro-rated for a partial Guaranteed Performance Year.
Each System’s Expected Annual Output shall be as stated on Attachment 5: Cost and Generation.
The amount, expressed in kWh, by which the actual amount of Electricity generated by the Project in any Guaranteed Performance Year is less than the Guaranteed Annual Output for that Guaranteed Performance Year.