Guaranteed Generation definition

Guaranteed Generation shall have the meaning provided in the Power Purchase Agreement.

Guaranteed Generation means, with respect to each Contract Year, eighty percent (80%) of the Annual Contract Quantity for such Contract Year, which amount shall be reduced by the aggregate amount of Deemed Generated Energy during all Seller Excused Hours during such Contract Year.

Guaranteed Generation has the meaning set forth in Appendix J.

Examples of Guaranteed Generation in a sentence

• Seller shall provide notice to Buyer and remove such Facility from the Project and upon delivery of such notice the Project Net Capacity will be reduced by the amount of the Facility Net Capacity associated with such Facility and the Guaranteed Generation reduced in accordance with the reduced Project Net Capacity.

• If Seller fails during any Contract Year to deliver Facility Energy in an amount equal to the Guaranteed Generation for the Facility, then Seller shall make up the shortfall of Facility Energy (“Shortfall Energy”) in accordance with this Article IX.

• Notwithstanding the foregoing, Seller shall have no obligation to achieve any amount of output from the Facility other than the amount guaranteed as Guaranteed Generation.

• During the Agreement Term, to the extent Seller reduces deliveries of Facility Energy due to an event arising under either of clause (a) or (b) above, Seller shall be credited for such amount of reduced delivery for purposes of the determination of the achievement by the Facility of the Guaranteed Generation and whether Seller is in Default under Section 13.1(h).

• It is understood by the Parties that the foregoing provisions shall not excuse any obligations of Seller with respect to Guaranteed Generation, as provided for under Article IX, that is not achieved due to Force Majeure, provided that Seller’s requirement to provide the Guaranteed Generation shall be extended for the duration of the Force Majeure.

More Definitions of Guaranteed Generation

Guaranteed Generation means the amount of Facility Energy guaranteed to be generated by Seller during each Output Period during the Delivery Term and delivered to Buyer at the Point of Delivery pursuant to the terms of this Agreement, all as set forth in Appendix G (which includes an adjustment for annual degradation). For clarity, the Guaranteed Generation for each Output Period equals 70% of the sum of the Expected Annual Generation amounts of each Contract Year in such Output Period.

Guaranteed Generation means, for each Contract Year, the value in MWh set forth beside such Contract Year in the table attached hereto as Appendix J.

Guaranteed Generation means, (a) with respect to each full Contract Year, an amount equal to eighty percent (80%) of the Annual Contract Quantity for such Contract Year, and (b) with respect to (1) the first partial Contract Year, an amount determined by multiplying the Annual Contract Quantity for such partial Contract Year times the sum of the percentages in Table 2 of Appendix C for the month in which the Commercial Operation Date occurs (prorated based on the Commercial Operation Date) and the remaining months in that Contract Year times either sixty percent (60)% if the Commercial Operation Date occurs on or after October 1 or eighty percent (80%) if the Commercial Operation Date occurs prior to October 1; and (2) the last partial Contract Year, an amount determined by multiplying the Annual Contract Quantity for such partial Contract Year times the sum of the percentages in Table 2 of Appendix C for the months in such Contract Year times eighty percent (80%), which amounts shall be reduced by the aggregate amount of Deemed Generated Energy during all Seller Excused Hours during such Contract Year.

Guaranteed Generation means, for each Contract Year, the result of the following equation: Guaranteed Generation (in MWh) = Where:

Guaranteed Generation means the MWh of Energy specified in Section 3.1 to be guaranteed to be delivered from the Facility to the Point of Delivery as measured at the Point of Delivery; provided, that such Guaranteed Generation and the applicable Guaranteed Annual Quantity shall be reduced for each MWh that the Facility is unable to generate as a result of a Buyer Default, a curtailment pursuant to Section 6.5(i), or Force Majeure declared by the Buyer.

Guaranteed Generation means the MWh of Facility Energy prepaid by Buyer and guaranteed to be delivered from the Facility to the Point of Delivery as measured at the Point of Delivery, which shall be equal to P99 Energy, multiplied by twenty (20) years.

Guaranteed Generation means (i) for each Pre-Contract Year Period, eighty-five percent (85%) of the Pre-Contract Year Contract Quantity for such Pre-Contract Year Period, and (ii) for each Contract Year, eighty-five percent (85%) of the Annual Contract Quantity for such Contract Year.