Common use of System Standards Clause in Contracts

System Standards. (1) In the event that a Business Unit’s System ▇▇▇▇▇ or ▇▇▇▇▇ exceeds the allowable limit of 105% of the 36-month standard described above; TNMP will credit the remaining guarantees proportionately among all customers in the Business Unit. (2) ▇▇▇▇▇: The guarantee will be the numerical difference between the actual and the allowable ▇▇▇▇▇ values multiplied by 1 million, up to a maximum of one-half of the total remaining guarantee for the Business Unit. (3) SAIDI: The guarantee will be the numerical difference between the actual and the allowable SAIDI values multiplied by 10,000, up to a maximum of one-half of the total remaining guarantee for the Business Unit.

Appears in 2 contracts

Sources: Joint Stipulation and Agreement, Merger Agreement (Texas New Mexico Power Co)