Initial Dependable Capacity definition
Examples of Initial Dependable Capacity in a sentence
The Engineer shall certify all test results arising out of or in connection with Commissioning and determination of the Initial Dependable Capacity pursuant to this Section 7.1.2 and Schedule 3.
The Company shall carry out Commissioning of the Facility and testing of the Initial Dependable Capacity and Dependable Capacity of the Facility in accordance with Sections 7.1, 7.2, and Schedule 3.
Capacity Payments shall be made on the basis of the Initial Dependable Capacity then in effect, and if any increase in the Initial Dependable Capacity is demonstrated, Capacity Payments will be adjusted from and after the Day following such demonstration.
Project Company shall carry out Commissioning of Phase 1 and Phase 2, the testing of the Initial Dependable Capacity at or prior to the Phase 1 and Phase 2 Commercial Operation Dates and the testing of the Dependable Capacity of the Facility thereafter in accordance with Articles 8.2 and Schedule 4.
If the Facility has been deemed Commissioned for a Phase, the Commercial Operation Tests for such phase shall be conducted at the first available opportunity after such deemed Commissioning, and the Initial Dependable Capacity adjusted as a result of such test in accordance with subsection (b) below.
The Initial Dependable Capacity shall be set at any level successfully demonstrated during the Commercial Operation Test up to the Contracted Facility Capacity.
Within 15 Days of the expiration of such period or any decision by Project Company not to undertake Remedial Actions (whichever is the earlier to occur), Project Company shall pay to GPA, as liquidated damages, an amount equal to US$3,100 per kW of the shortfall between the most recently determined Initial Dependable Capacity and the Contracted Phase 2 Capacity.
Within 15 Days of the expiration of such period or any decision by Project Company not to undertake Remedial Actions (whichever is the earlier to occur), Project Company shall pay to GPA, as liquidated damages, an amount equal to US$280 per kW of the shortfall between the most recently determined Initial Dependable Capacity and the Contracted Phase 1 Capacity.
Within 15 Days of the expiration of such period or any decision by Project Company not to undertake Remedial Actions (whichever is the earlier to occur), Project Company shall pay to GPA, as liquidated damages, an amount equal to US$ [ TBD ] per kW of the shortfall between the most recently determined Initial Dependable Capacity and the Contracted Phase 2 Capacity.
Project Company covenants that the Initial Dependable Capacity of Phase 1 shall not be less than the Contracted Phase 1 Capacity.