Common use of Reliability Guarantee Clause in Contracts

Reliability Guarantee. The Reliability Guarantee shall have been achieved hereunder if and only if the Facility demonstrates an Average Equivalent Availability of not less than ninety-two percent (92%) while operating over a period of [*] in accordance with Applicable Laws, Applicable Permits, the Electrical Interconnection Requirements, the PPA Operating Requirements, the Guaranteed Emissions Limits, the Instruction Manual and the Power Purchase Agreement, with Contractor electing which period of forty-five (45) consecutive days should comprise the Reliability Run.

Appears in 3 contracts

Sources: Engineering, Procurement and Construction Services Agreement (Aes Ironwood LLC), Engineering, Procurement and Construction Services Agreement (Aes Ironwood LLC), Engineering, Procurement and Construction Services Agreement (Aes Ironwood LLC)