Demand Reduction Clause Samples

Demand Reduction. If the Court is required to close or cease regular operations for twenty (20) business days or more in any given Billing Cycle, excluding regular Court holidays, as a result of a public health order, the Judicial Council shall promptly provide written notice thereof to the Contractor, hereinafter a “Demand Reduction Event.” Such notice shall include the date of commencement of the Demand Reduction Event, as well as the length of time it is expected to continue. The Judicial Council shall also provide notice of the date of cessation of the Demand Reduction Event. In any Billing Cycle in which a Demand Reduction Event occurs, the Court shall only be contractually required to purchase the amount of electricity actually used by the Court.
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Demand Reduction. If the Court is required to close or cease regular operations for twenty (20) Business Days or more in any given Billing Cycle, excluding regular Court holidays, the Judicial Council shall promptly provide written notice thereof to the Contractor, hereinafter a “Demand Reduction Event.” Such notice shall include the date of commencement of the Demand Reduction Event, as well as the length of time it is expected to continue. The Judicial Council shall also provide notice of the date of cessation of the Demand Reduction Event. In any Billing Cycle in which a Demand Reduction Event occurs, the Court shall only be contractually required to purchase the amount of electricity actually used by the Court. The Term of this SPPA shall be extended on a day-for-day basis equal to the days the Court is required to close or cease regular operations. The Fixed Price for Contract Year 20 shall continue in effect throughout the duration of such extension.
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Demand Reduction. The Demand Reduction is the amount of kW/ton of Nameplate Capacity, which is reduced during the Control Season by Participating Facilities, as determined by the results of the Measurement and Evaluation Impact Study conducted in January of each year during the term of this Agreement as described in detail in Article 10 (Project Measurement and Evaluation). For the first Program Year, Estimated Demand Reduction will be determined by an engineering estimate of the expected load reduction per ton of Nameplate Capacity. An engineering estimate will be developed by a method mutually agreed upon by both Seller and SDG&E, and could include a test at pre-determined Participating Facilities. Estimated Demand Reduction will be utilized for the first Program Year’s Estimated Contract Capacity only, and will be trued up in an Impact Evaluation Study completed at the end of the first Program Year.
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Related to Demand Reduction

  • Staff Reduction 15.01 Both parties recognize that job security should increase in proportion to length of service. Teachers shall be laid-off in reverse order of seniority in accordance with the following priority: a. Firstly, term contract teachers; b. Secondly, probationary contract teachers, in reverse order of seniority; c. Permanent contract teachers, in reverse order of seniority; Provided the retained more senior teacher has, in the judgement of the Board, the appropriate qualifications and experience for the work to be assigned. 15.02 When it is necessary to invoke staff reduction, the Board shall first give priority, to the extent it considers practical, to natural attrition, including encouragement of full year unpaid leaves of absence. a. Staff reductions shall not be invoked to release teachers liable to dismissal for cause. b. Teachers directly affected by staff reduction policy shall be informed by the Board as soon as a final decision is made. c. The Board shall provide an appropriate letter of reference for any laid-off teacher whose contract is not renewed because of staff reduction. d. The Board shall maintain a Re-employment List of all laid-off teachers formerly employed in the system who remain unemployed because of staff reduction. It shall be the duty of the teacher to advise the Board of all changes in address. Failure to do so shall constitute a waiver on the part of the teacher for the opportunity to be recalled, during the time the address is inaccurate. e. A teacher on the Re-employment List shall notify the Board on or before February 1st that she/he wishes to remain on said List. Upon failure to do so, the name of such teacher shall be automatically removed from the List. f. Upon the Board being satisfied that a teacher on the Re- employment List is employed as a teacher on a full year contract with another school board in a vacant position, the name of such teacher shall be automatically removed from the List.

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

  • Termination Reduction or Increase of the Commitments (a) The Company shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that (x) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c). (b) If any Lender shall make a demand under Section 2.11 or 2.14 or if the obligation of any Lender to make Eurodollar Rate Advances shall have been suspended pursuant to Section 2.12, the Company shall have the right, upon at least ten Business Days' notice, to terminate in full the Commitment of such Lender or to demand that such Lender assign to one or more Eligible Assignees all of its rights and obligations under this Agreement in accordance with Section 8.

  • Commitment Reduction The Borrower shall have the right, upon at least two Business Days’ notice to the Administrative Agent, to terminate in whole or, upon same day notice, from time to time to permanently reduce ratably in part the unused portion of the Commitments; provided that each partial reduction shall be in the aggregate amount of $5,000,000 or in an integral multiple of $1,000,000 in excess thereof; provided, further, that the Commitments may not be reduced to an amount that is less than the aggregate Stated Amount of outstanding Letters of Credit. Subject to the foregoing, any reduction of the Commitments to an amount below $100,000,000 shall also result in a reduction of the L/C Commitment Amount to the extent of such deficit (with automatic reductions in the amount of each L/C Fronting Bank Commitment ratably in proportion to the amount of such reduction of the L/C Commitment Amount). Each such notice of termination or reduction shall be irrevocable. Without limiting subsection (b) below, any Commitment reduced or terminated pursuant to this subsection (a) may not be reinstated.

  • Fee Reduction The Adviser agrees that from the commencement of operations of the Fund through January 31, 2020, it will reduce its compensation and/or reimburse certain expenses for the Fund, to the extent necessary to ensure that the Fund’s total operating expenses, excluding taxes, “Acquired Fund” fees and expenses, dividend and interest expense on securities sold short, interest, extraordinary items, and brokerage commissions, do not exceed (on an annual basis) 1.15%, as a percentage of the Fund’s average daily net assets.