Minimum Utilization Requirement definition

Minimum Utilization Requirement shall have the meaning as set forth in Section 13.
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Minimum Utilization Requirement is defined in Section 10.1(d).
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Examples of Minimum Utilization Requirement in a sentence

  • If the Minimum Utilization Requirement is not satisfied for any Utilization Period (whether by reason of the failure of the conditions to Advances hereunder to be satisfied or for any other reason whatsoever), then the Borrower shall pay to the Agent the Make-Whole Fee in accordance with the terms of the Fee Letter.

  • If a Requesting Airline is accommodated by Airline pursuant to Section 4.6 and that results in moving Airline’s Scheduled Operation from Airline’s Preferential Use Gates to a Common Use Gate or the Preferential Use Gate of another Signatory Airline, then Airline’s moved Scheduled Operation shall count towards Airline’s activity for calculating the Minimum Utilization Requirement.

  • For example, if Airline leases eight Preferential Use Gates and the Port would need to recapture three Preferential Use Gates for Airline to meet the Minimum Utilization Requirement based on activity from February 1-October 31, the Port may recapture up to three Preferential Use Gates.

Related to Minimum Utilization Requirement

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Margin Requirement means the amount of money and/ or assets that the Client is required to deposit and/ or hold with the Firm as consideration for entering into a Transaction and/ or maintaining an Open Position on its Account;

  • Certification Requirements means those requirements specified or referenced in this Agreement that you must meet in order to use and maintain the Certification Designation and use the Logo in accordance with the terms of this Agreement.

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the ▇▇▇▇-▇▇▇▇▇ ▇▇▇▇ Street Reform and Consumer Protection Act.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.