Minimum Output definition
Examples of Minimum Output in a sentence
The Minimum Output shall be verified by Party B, which verification shall occur within 45 business days after the end of the Output Period.
Without limiting the foregoing, but subject to the provisions of Section 4.8 (Minimum Output), Seller does not warrant or guarantee the amount of Electricity to be generated by the Project.
If Seller determines and notifies Buyer that Seller does not intend to undertake such repair or replacement, this Agreement shall terminate upon receipt of such notice unless, in the event of a partial Facility Loss, Seller's notice states Seller's election to maintain this Agreement in full force and effect, including without limitation the provisions of Section 4.8 (Minimum Output).
In the event that the Target Company does not achieve the Minimum Output, Party A shall transfer, or cause to be transferred, additional amount of equity interests of the Target Company equal to 16.67% of the Transferred Equity Interests (the “Output Make-good Equity Interests”) to Party B for no additional consideration within 30 business days after Party B’s verification of the Minimum Output (the “Transfer Deadline”).
If such obstruction is installed by Purchaser and no emergency exists, and such obstruction has the effect of decreasing the Output of the System below the Minimum Output for the relevant Billing Year (as pro rated for a Billing Month basis) for a period of two (2) Billing Months or longer, the Parties shall promptly meet and discuss options for removal of said obstruction, if capable of removal.
All Parties, other than Anaheim, not requesting operation shall, nevertheless, be required to schedule additional generation to the extent necessary to increase load to the Minimum Output of such Unit, and such Parties shall share such scheduled additional generation in proportion to their Ownership Shares.
Expected Performance Output kWh Year 1 Year 6 Year 11 Year 2 Year 7 Year 12 Year 3 Year 8 Year 13 Year 4 Year 9 Year 14 Year 5 Year 10 Year 15 Where, Where, LS = Lost Savings and Further Where: GMOPE = Guaranteed Minimum Output Performance as measured in total annual kWh for as tabulated above.
Any failure of Provider to satisfy the Minimum Output Guarantee under this section shall not constitute a Provider Default.
If such obstruction is installed by Purchaser and no emergency exists, and such obstruction has the effect of decreasing the Output of the System below the Minimum Output for the relevant Billing Year (as prorated for a Billing Month basis) for a period of two (2) Billing Months or longer, the Parties shall promptly meet and discuss options for removal of said obstruction, if capable of removal.
If Licensor acquires an Eligible Production Company, Licensor shall be required to deliver to STE not less than the Minimum Output Number of Pictures in each Year during the Term in which such Eligible Production Company’s output agreement remains in effect.