Normative Availability definition

Normative Availability shall have the meaning as set forth in Clause 5.1.4;
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Normative Availability means the level of Availability as stipulated in Performance Standards under Schedule F; “Operation & Maintenance or O&M” means the operation and maintenance of the Project during the Operation Period as per Standards and Specifications and provision of Services and includes but is not limited to functions of maintenance and performance of other services incidental thereto in terms of this Agreement;
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Normative Availability means ninety percent (90%) Availability of the Contracted Capacity at the Interconnection Point on Contract Year basis;
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Examples of Normative Availability in a sentence

  • For the avoidance of doubt, the Parties agree that the Damages to be deducted for any reduction in Normative Availability shall be 25% (twenty five per cent) of the Fixed Charge which is reduced on account of shortfall in Availability below Normative availability.

  • For the avoidance of doubt and by way of illustration, in the event the Availability in any month shall exceed the Normative Availability by 3% (three per cent) of the Contracted Capacity but the Despatch during that month shall exceed 1% (one per cent) of the Contracted Capacity, the Incentive payable hereunder shall be restricted to such 1% (one per cent) only.

  • In case of Availability being lower than the Normative Availability, the Capacity Charges shall be payable on proportionate basis in addition to the penalty to be paid by the Company as provided in this Schedule.

  • Further, in addition to the reduction of Capacity Charges as provided in this para, the Company shall be liable to pay to BPDB, charges equivalent to twelve (12) months Capacity Charges calculated at Normative Availability.

  • If and to the extent the Availability in a Contract Year exceeds Normative Availability, an incentive at the rate of forty (40%) of the Quoted Capacity Charges (in USD/kWh) for such Contract Year mentioned in Schedule 7 subject to a maximum of 0.0045 USD/kWh, shall be allowed on the energy (in kWh) corresponding to the Availability in excess of ninety percent (90%).

  • In case of Availability being lower than the Normative Availability, the Capacity Charges shall be payable on proportionate basis in addition to the penalty to be paid by the Seller as provided in this Schedule.

  • For the avoidance of doubt and by way of illustration, the Parties agree that if the pro rata Fixed Storage Charge for 1% (one per cent) of Normative Availability is Rs. x, the Damages payable for reduction of 1% (one per cent) in Actual Availability below the level of Normative Availability shall be Rs. 0.5x, which shall be in addition to the pro rata reduction of Rs. x in the Fixed Storage Charge payable for the relevant month.

  • Shortfall in Availability below Normative Availability levels (as per Section 11.9.2) In the event that Actual Availability at any time is less than the Normative Availability, the Fixed Storage Charge payable for the relevant month shall be proportionately reduced and in addition, such reduction shall be multiplied by a factor of 0.5 (zero point five) for determination of Damages.

  • For the avoidance of doubt and by way of illustration, in the event the Availability in any month shall exceed the Normative Availability by 3% (three per cent) of the Contracted Capacity but the Dispatch during that month shall exceed 1% (one per cent) of the Contracted Capacity, the Incentive payable hereunder shall be restricted to such 1% (one per cent) only.

  • For the avoidance of doubt and by way of illustration, the Normative Availability for a designed Storage Capacity of 10,000 (ten thousand) MT shall be an average Availability of 9,800 (nine thousand and eight hundred) MT for an Accounting Year and where the context so requires, the Normative Availability for any month shall also be an average Availability of 9,800 (nine thousand and eight hundred) MT for that month.


More Definitions of Normative Availability

Normative Availability means equal to Minimum Offtake Guarantee in various periods and on annual basis this should be [ ] % 49
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Normative Availability. Means equal to eighty per cent (80%) Availability at the Delivery Point on Contract Year basis.
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Related to Normative Availability

  • System Availability for each System is calculated as follows:

  • Average Availability means, at any Adjustment Date, the average daily Availability for the fiscal quarter immediately preceding such Adjustment Date.

  • Service Availability The total number of minutes in a calendar quarter that the Tyler Software is capable of receiving, processing, and responding to requests, excluding maintenance windows, Client Error Incidents and Force Majeure.