Common use of Guaranteed Availability Clause in Contracts

Guaranteed Availability. Owner guarantees the Project will be available for use by CHGE for at least ninety-eight percent (98.0%) of the hours in each calendar quarter during the Contract Term (“Guaranteed Availability”). For each calendar quarter, CHGE shall calculate the actual availability percentage of the Project (“Actual Availability”), which calculation shall be: Where:

Guaranteed Availability. Owner guarantees the Project will be available for use by CHGE for at least ninety-eight six percent (98.096.0%) of the hours in each calendar quarter during the Contract Term (“Guaranteed Availability”). For each calendar quarter, CHGE shall calculate the actual availability percentage of the Project (“Actual Availability”), which calculation shall be: Where: