Full Production Year CREF Minimum Production Requirement Sample Clauses

The Full Production Year CREF Minimum Production Requirement clause sets a baseline level of energy output that a facility must achieve over a full production year, as measured for the purposes of a Commercial Real Estate Finance (CREF) agreement. Typically, this clause specifies the minimum amount of electricity (often in kilowatt-hours) that a solar or renewable energy system must generate annually to remain in compliance with financing or lease terms. By establishing this production threshold, the clause ensures that the financed asset performs as expected, protecting lenders and investors from underperformance and helping to allocate risk between the parties.
Full Production Year CREF Minimum Production Requirement. (kWh) for each Full Production Year (i.e., January 1 – December 31) shall be determined by multiplying the Annual Expected Electricity Output by the 90% minimum level of required electricity output.
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Full Production Year CREF Minimum Production Requirement. (kWh), for each CREF, for each Full Production Year (i.e., January 1 – December 31), will be determined according to the process outlined in Section II.2. above, but is only referenced here for the purpose of determining the Minimum CREF Commercial Operation Period Production Requirement.
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Related to Full Production Year CREF Minimum Production Requirement

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Food Service Waste Reduction Requirements Contractor shall comply with the Food Service Waste Reduction Ordinance, as set forth in San Francisco Environment Code Chapter 16, including but not limited to the remedies for noncompliance provided therein.

  • Prescription Drug Quantity Limits We limit the quantity of certain prescription drugs that you can get at one time for safety, cost-effectiveness and medical appropriateness reasons. Our clinical criteria for quantity limits are subject to our periodic review and modification. Quantity limits may restrict: • the amount of pills dispensed per thirty (30) day period; • the number of prescriptions ordered in a specified time period; or • the number of prescriptions ordered by a provider, or multiple providers. Our formulary indicates which prescription drugs have a quantity limit. Prescription drugs and diabetic equipment or supplies can be bought from the following types of pharmacies: • Retail pharmacies. These dispense prescription drugs and diabetic equipment or supplies. • Mail order pharmacies. These dispense maintenance and non-maintenance prescription drugs and diabetic equipment or supplies. • Specialty pharmacies. These dispense specialty prescription drugs, defined as such on our formulary. For information about our network retail, mail order, and specialty pharmacies, visit our website or call our Customer Service Department.