Flexibility Event definition

Flexibility Event means the delivery of Flexibility Services pursuant to an Utilisation Instruction.
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Examples of Flexibility Event in a sentence

  • The Company will offer two means of baselining to measure the delivery of a Flexibility Service from a DER or portfolio of DERs during a Flexibility Event.

  • For all subsequent occurrences of a Flexibility Event where the Service Meter Data is missing for a 30-minute period during the 12-month period, the Company shall treat it as a failure to deliver the Flexibility Service.

  • If a Utilisation Instruction is issued by the Company for the Service Window on the next day the Company will not be able to prove dispatch and as a result the Flexibility Event will be treated as a failed delivery, unless the Provider submits historic data for the DER in accordance with Schedule 5, paragraph 2 (h).

Related to Flexibility Event

  • Non-Viability Event means the earlier of:

  • Business Continuity Event means any event or issue that could impact on the operations of the Supplier and its ability to provide the Services including an influenza pandemic and any Force Majeure Event;

  • Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

  • Liquidity Event means a Change of Control or an IPO.

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.