Demand or Capacity Charge and Minimum Annual Capacity Charge Adjustment Clause Samples

Demand or Capacity Charge and Minimum Annual Capacity Charge Adjustment. The total number of hours of curtailed service in any billing period shall be determined by adding (1) the sum of the number of hours of interrupted service to (2) the product of: the number of hours of reduced service multiplied by the percentage of said reduction below the lesser of (a) the contract rate of delivery for firm power, or (b) the obligation of the United States to deliver firm power and energy as established under the operating agreement entered into pursuant to the Auxiliary Power Service article hereof, or (c) the rate of delivery required by the Contractor at the time of such reduction. The demand or capacity charge and the minimum annual capacity charge shall each be proportionately adjusted in the ratio that the total number of hours of such curtailed service as herein determined bears to the total number of hours in the billing period involved. The Contractor shall make written claim, within thirty (30) days after receiving the monthly bill for adjustment on account of any curtailment to service ▇▇ ▇pecified in subsections (1) and (2) of this article for periods of one (1) hour or longer in duration each, alledged to have occurred and which is not reflected in such bill. Failure to make such written claim, within said thirty (▇▇) day period, shall constitute a waiver thereof. All curtailments to service, which are due to conditions on the power system of the United States, shall be subject to the provisions of this article and the Contractor shall be limited in its remedy therefor to the relief granted by this article; Provided. That withdrawal of power and energy under contract provisions shall not be deemed curtailments to service. THE FOLLOWING PROVISION IS APPLICABLE ONLY WHEN ELECTRIC SERVICE INVOLVES MULTIPLE POINTS OF DELIVERY FROM BOTH DIRECT AND WHEELED POINTS: GG. Multiple Points of Delivery Involving Direct and Wheeled Deliveries The United States has provided line and substation capacity under the terms of this contract for the purpose of delivering electric service directly to the Contractor at specific points of delivery. It also has agreed to absorb wheeling allowances and/or discounts up to a specified maximum amount for deliveries of power over other system(s). In the event the Contractor shifts any of its loads served hereunder from direct delivery to wheeled delivery, the United States will not absorb the wheeling costs on such shifted load until the unused capacity, as determined solely by the contracting officer, a...
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Related to Demand or Capacity Charge and Minimum Annual Capacity Charge Adjustment

  • Maximum Capacity The Sick Leave Bank shall accumulate unused Bank days from year to year to a maximum capacity which shall not exceed double the number of eligible employees as defined in the above Section C, Eligibility for Membership.

  • FREQUENCY AND CAPACITY LEVELS No restriction on frequency, capacity or aircraft types

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum Fixed Charge Coverage The ratio of (a) Adjusted EBIT for any Rolling Four Quarter Period to (b) Fixed Charges for the same Rolling Four Quarter Period, to be less than 1.50 to 1.00.

  • Minimum Fixed Charge Coverage Ratio Maintain a Fixed Charge Coverage Ratio of at least 1.25:1.00 measured at the end of each Fiscal Quarter for the four consecutive Fiscal Quarters then ended.