Capacity Calculation Sample Clauses

Capacity Calculation. The Contract Capacity of the Project shall be the lesser of the Project’s Charging Capacity or Discharging Capacity measured pursuant to Part IV.B. above.
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Capacity Calculation. The Receiving Party shall pay the Supplying Party the capacity charge provided in paragraph 14(d)(1), Capacity, for transfers of energy pursuant to paragraphs 9(n)(1) and 9(n)(2) above as follows. Transfers due to Forced Outages shall be accounted for on a calendar week basis. The capacity measurement for purposes of such charge shall be based upon the maximum amount requested and delivered during any hour; provided if the Supplying Party is unable during that calendar week to deliver subsequent transfer(s) at a rate equal to the initial transfer rate, the capacity measurement shall be reduced to the lesser amount.
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Capacity Calculation. The Parties shall account for Interchange Capacity service on a calendar week basis and the Receiving Party shall pay for it at the rate provided in subsection 14(c), Interchange Capacity Imbalances. Such payment shall be based on the maximum amount requested and delivered during any hour as Interchange Capacity; provided if the Supplying Party is subsequently unable during that calendar week to deliver Interchange Capacity as great as the rate at which Interchange Capacity was previously delivered during such week, the lower amount shall be the Interchange Capacity delivered during such calendar week.
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Capacity Calculation. Capacity available on Greece-Italy SUD border in day-ahead and intraday timeframes is in principle equal to 500 MW (when the Italy Greece DC cable is in operation) or to 0 MW (when the DC cable is out of service); in very seldom cases an intermediate value is offered to take into account some limitations due to faults in some equipment. Neglecting these very rare intermediate values, the 50° percentile thus results equal to 500 MW (when the cable was in operation for at least 50% of the hours of the two years before) or 0 MW (if an outage occurred in the past two years for more than 50% of the time). The floor value, being related to the 95° percentile, is instead expected to be 50 MW3. As a consequence, yearly capacity may be either 500 MW (when 50° percentile is 500 MW) or 50 MW (when 50° percentile is 0 MW and floor value applies). Monthly capacity, instead, may be either 0 MW (when a planned outage is expected for a given day4) or 500 MW. GRIT NRAs understand the reasons behind the TSOs’ choice, nonetheless they wonder whether a full statistical analysis is the best approach to compute the long-term cross-zonal capacity for a single line DC border as the Greece-Italy SUD one, where the full thermal capacity is usually offered to the market if the cable is in operation. For such borders, in fact, according to a security analysis, yearly capacity should be assumed equal to the cable thermal capacity (there is usually no need to limit cross-zonal exchanges because of local issues in Italian and Greek networks): prolongated planned unavailability of the cable shall be taken into account by auctioning products with reduction periods (i.e. not available during the planned outages). Monthly capacity should be assumed instead equal to the cable thermal capacity if the cable is expected to be in operation for the given day or 0 MW if the cable is planned to be out of service. ▇▇▇▇ ▇▇▇▇ are invited to elaborate on this topic and to evaluate whether it’s possible to overcome the statistical approach for the Greece-Italy SUD border in favor of the security analysis approachas suggested above. The conclusions of the analysis and the reasons behind the adopted choice shall be cited in the methodology and, if needed, properly detailed in a technical annex to the methodology itself. Italian internal bidding zone borders GRIT TSOs propose the same statistical approach for AC and DC bidding zone borders: GRIT NRAs consider the statistical approach suitable to compute lo...
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Related to Capacity Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Pro Forma Calculations (a) Notwithstanding anything to the contrary herein, financial ratios, tests and covenants, including the Leverage Ratio and the Fixed Charge Coverage Ratio shall be calculated in the manner prescribed by this Section 1.9. (b) For purposes of calculating any financial ratio, covenant or test, Specified Transactions (with any incurrence or repayment (excluding voluntary repayments) of any Debt in connection therewith to be subject to Section 1.9(c)) that have been made (i) during the applicable measurement period and (ii) subsequent to such period and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase or decrease in EBITDA and the component financial definitions used therein attributable to any Specified Transaction) had occurred on the first day of the applicable measurement period. If, since the beginning of any applicable period any Person that subsequently became a Subsidiary or was merged, amalgamated or consolidated with or into Borrower or any of its Subsidiaries since the beginning of such period shall have made any Specified Transaction that would have required adjustment pursuant to this Section 1.9, then such financial ratio or test shall be calculated to give pro forma effect thereto in accordance with this Section 1.9. (c) In the event that Borrower or any Subsidiary incurs (including by assumption or guarantees) or repays (including by redemption, repayment (other than voluntary repayments), retirement or extinguishment) any Debt included in the calculations of any financial ratio, covenant or test (in each case, other than Debt incurred or repaid under any revolving credit facility), (i) during the applicable period or (ii) subsequent to the end of the applicable period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial ratio or test shall be calculated giving pro forma effect to such incurrence or repayment of Debt, to the extent required, as if the same had occurred on the last day of the applicable period.

  • Financial Covenant Calculations The parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 6.7 and for purposes of determining the Applicable Margin, (i) after consummation of any Permitted Acquisition, (A) income statement items and other balance sheet items (whether positive or negative) attributable to the target acquired in such transaction shall be included in such calculations to the extent relating to such applicable period (including by adding any cost saving synergies associated with such Permitted Acquisition in a manner reasonably satisfactory to the Agent), subject to adjustments mutually acceptable to Borrowers and the Agent and (B) Indebtedness of a target which is retired in connection with a Permitted Acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period and (ii) after any Disposition permitted by Section 6.8), (A) income statement items, cash flow statement items and balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to Borrowers and the Agent and (B) Indebtedness that is repaid with the proceeds of such Disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period.

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.