Production Requirement definition

Production Requirement is defined in Section 6.4(b).
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Production Requirement means a minimum annual production attributable to the Required Business Activity during the past three years
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Examples of Production Requirement in a sentence

  • The DCSEU will calculate the projected and actual electricity output in a Production Year and for the Subcontract Operating Period according to the schedule and methodology described in Attachment B2 to determine if Subcontractor has met the Subcontract Annual Minimum Production Requirement in a given Production Year and Subcontract Term Minimum Production Requirement under this Subcontract.

  • The DCSEU will notify Subcontractor if Subcontractor’s performance in a particular Production Year failed to meet the Subcontract Annual Minimum Production Requirement for that Production Year.

  • Each CREF or Subcontractor’s Portfolio under this Subcontract must meet the Subcontract Annual Minimum Production Requirement as outlined in Attachment B.

  • If Subcontractor fails to meet the Subcontract Annual Minimum Production Requirement, as defined in Attachment B, in a Production Year, Subcontractor will be required to pay a penalty for failing to meet the Subcontract Annual Minimum Production Requirement for that Production Year.

  • If Subcontractor fails to meet the Subcontract Annual Minimum Production Requirement, as defined in Attachment B, in a Production Year, Subcontractor shall be required to pay a penalty for failing to meet the Subcontract Annual Minimum Production Requirement for that Production Year.

  • These calculations will be used to determine the Value of the CREF Minimum Production Requirement for one of Subcontractor’s CREFs under this Subcontract and the Value of the Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio under this Subcontract.

  • In a given Production Year, the DCSEU will use the methodology in Section II.1-2 below to determine the CREF Minimum Production Requirement for each CREF and the methodology in Section IV.

  • These calculations shall be used to determine the Value of the CREF Minimum Production Requirement for one of Subcontractor’s CREFs under this Subcontract and the Value of the Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio under this Subcontract.

  • The DCSEU will use the methodology in Section III.1-2 below to determine the Subcontract Term CREF Minimum Production Requirement for each CREF over the Minimum CREF Commercial Operation Period and the methodology in Section IV (Portfolio Calculation) below to determine the Subcontract Term Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio over the Subcontract Operating Period.

  • The DCSEU shall use the methodology in Section III.1-2 below to determine the Subcontract Term CREF Minimum Production Requirement for each CREF over the Minimum CREF Commercial Operation Period and the methodology in Section IV (Portfolio Calculation) below to determine the Subcontract Term Portfolio Aggregate Minimum Production Requirement for Subcontractor’s Portfolio over the Subcontract Operating Period.

Related to Production Requirement

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Data Protection Requirements means all Requirements of Law, to the extent applicable to the items and services provided by the Borrower and each Restricted Subsidiary, relating to the privacy and security of information technology assets and equipment, computers, systems, networks, hardware, software, websites, applications, and databases and personal, personally identifiable, sensitive, confidential or regulated data and, in each case, to the protection thereof from unauthorized use, access, misappropriation or modification.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Bid Submission Requirement means a task a Prospective Contractor must complete when submitting a bid response. These requirements will be distinguished by using the term “shall” or “must” in the requirement.

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Qualification Requirements means the qualification requirements as set forth in Section-2, Clause 2.1 of this RFP;

  • Margin Requirement means the amount of money and/ or assets that the Client is required to deposit and/ or hold with the Firm as consideration for entering into a Transaction and/ or maintaining an Open Position on its Account;

  • Perfection Requirements means the making or procuring of filings, stampings, registrations, notarisations, endorsements, translations and/or notifications of any Finance Document (and/or any Security created under it) necessary for the validity, enforceability (as against the relevant Obligor or any relevant third party) and/or perfection of that Finance Document.

  • Interconnection Request means a Generation Interconnection Request, a Transmission Interconnection Request and/or an IDR Transfer Agreement.

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • PJM Region Reliability Requirement means, for purposes of the Base Residual Auction, the Forecast Pool Requirement multiplied by the Preliminary PJM Region Peak Load Forecast, less the sum of all Preliminary Unforced Capacity Obligations of FRR Entities in the PJM Region; and, for purposes of the Incremental Auctions, the Forecast Pool Requirement multiplied by the updated PJM Region Peak Load Forecast, less the sum of all updated Unforced Capacity Obligations of FRR Entities in the PJM Region.

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Generation Interconnection Request means a request by a Generation Interconnection Customer pursuant to Tariff, Part IV, subpart A, to interconnect a generating unit with the Transmission System or to increase the capacity of a generating unit interconnected with the Transmission System in the PJM Region.

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Information Request means a request for any Information under the FOI Legislation.

  • OHS Requirements means all Laws applicable to the Supply and related to occupational health or safety, and all of the City Policies that relate to occupational health or safety, and includes without limitation the WCA;

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • Medicaid Notification of Termination Requirements Any Contractor accessing payments for services under the Global Commitment to Health Waiver and Medicaid programs who terminates their practice will follow the Department of Vermont Health Access, Managed Care Organization enrollee notification requirements.

  • Transaction Request Defined in Section 3.01(a).

  • Technical Requirements means the Technical Requirements in Section VII of the tendering documents.

  • Service Authorization Request means a Provider’s or Enrollee’s request to the Contractor for the provision of a service.

  • Periodic Billing Requirement means, for any Remittance Period, the aggregate amount of Charges calculated by the Servicer as necessary to be billed during such period in order to collect the Periodic Payment Requirement on a timely basis.

  • Surplus Interconnection Request means a request submitted by a Surplus Interconnection Customer, pursuant to Tariff, Attachment RR, to utilize Surplus Interconnection Service within the Transmission System in the PJM Region. A Surplus Interconnection Request is not a New Service Request.