Storage Product definition

Storage Product means (a) Discharging Energy, (b) Capacity Attributes, if any, (c) Storage Capacity, and (d) Ancillary Services (as defined in the CAISO Tariff), if any, in each case arising from or relating to the Storage Facility.

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Storage Product means (a) Discharging Energy, (b) Capacity Attributes, if any, (c) Effective Storage Capacity, and (d) Ancillary Services, if any, in each case arising from or relating to the Storage Facility.

Storage Product. Option 1: RA Product – includes Resource Adequacy Benefits only. “Resource Adequacy Benefits” means the rights and privileges attached to the Storage Facility that satisfy any entity’s resource adequacy obligations, and includes any local, zonal or otherwise locational attributes associated with the Storage Facility, in addition to flex attributes. [Please note that, subject to the agreement of Buyer and Seller, the ESSA for an RA Only product may take the form of an EEI confirmation between Buyer and Seller.] Option 2: Storage Product – includes all energy, capacity, Resource Adequacy Benefits, and ancillary services produced by or associated with the Storage Facility. Buyer receives full dispatchable rights and energy revenues earned. Option 3: RA Product with Revenue Sharing – includes Resource Adequacy Benefits, and percent sharing of benefits (TBD) of revenues from energy and ancillary services produced by or associated with the Storage Facility. Seller will schedule and dispatch the energy. Option 4: RA Product + Energy Discharge – includes Resource Adequacy Benefits and blocks of 8 hours of discharge at the hours of Buyer’s choosing. Option 5: Unique Offer [Include detail.]

Examples of Storage Product in a sentence

PacifiCorp will pay Seller as provided in this Section 5.1, and Seller shall not be entitled to any compensation over and above what is provided for in this Section 5.1, including in respect of all Storage Product delivered or made available by Seller to PacifiCorp in accordance with this Agreement.
Subject to the provisions of this Agreement, commencing on the Commercial Operation Date and continuing throughout the Term, Seller shall deliver and make available to PacifiCorp, and PacifiCorp shall receive all Storage Product.
PacifiCorp shall pay or cause to be paid when due, or reimburse Seller for, all such taxes imposed or levied by any Governmental Authority on the Storage Product beyond the Point of Delivery, regardless of whether such taxes are imposed on PacifiCorp or Seller under Requirements of Law.
Seller shall pay or cause to be paid when due, or reimburse PacifiCorp for, all existing and any new sales, use, excise, severance, ad valorem, and any other similar taxes, imposed or levied by any Governmental Authority on the Storage Product up to and including, but not beyond, the Point of Delivery, regardless of whether such taxes are imposed on PacifiCorp or Seller under Requirements of Law.
Time is of the essence in the performance of this Agreement, and Seller’s completion of the Storage Facility and the delivery and making available of Storage Product by the Scheduled Commercial Operation Date is critically important.

More Definitions of Storage Product

Storage Product means: (a) Discharging Energy; (b) Storage Energ7y Capacity; and (c) Ancillary Services, in each case, arising from or relating to the Storage Facility.

Storage Product. “Storage Product” means all energy, capacity, Resource Adequacy Benefits, and ancillary services produced by or associated with the Storage Facility, for which Seller has obtained and continues to maintain eligibility for Full Capacity Deliverability Status. Buyer receives full dispatchable rights and energy revenues earned. “Storage (No FCDS) Product” has the same meaning as “Storage Product”, except that (a) the Storage Facility has not yet obtained Full Capacity Deliverability Status with the CAISO, or (b) for any applicable Showing Month, Seller has failed to maintain eligibility for Full Capacity Deliverability Status for the Storage Facility. Related Definitions: “Full Capacity Deliverability Status” or “FCDS” has the meaning set forth in the CAISO Tariff. “Resource Adequacy Benefits” means the rights and privileges attached to the Storage Facility that satisfy any entity’s resource adequacy obligations, and includes any local, zonal or otherwise locational attributes associated with the Storage Facility, in addition to flex attributes.

Storage Product has the meaning set forth on the Cover Sheet.

Storage Product means a Product that is approved for marketing by the U.S. Food and Drug Administration (or foreign equivalent) for use in the ex vivo storage of cells intended for future transplant or transfusion into patients.

Storage Product. “Product” means all energy tolling services, capacity, Resource Adequacy Benefits, and ancillary services, however described, produced by, associated with, or capable of being produced by, the Storage Facility, for which Seller has obtained and continues to maintain eligibility for Full Capacity Deliverability Status. ▇▇▇▇▇ receives full dispatchable rights and energy revenues earned. For clarity, during the Delivery Term Seller may not use the Storage Facility to provide services or attributes to any third party. Related Definitions: “Full Capacity Deliverability Status” or “FCDS” has the meaning set forth in the CAISO Tariff. “Resource Adequacy Benefits” means the rights and privileges attached to the Storage Facility that satisfy any entity’s resource adequacy obligations, and includes any local, zonal or otherwise locational attributes associated with the Storage Facility, in addition to flex attributes. Storage Contract Capacity: The Storage Facility will have an initial Storage Capacity of [XX] MWAC for [four (4)] hours (the “Storage Contract Capacity”).

Storage Product means any hardware product that provides removable, portable storage capacity which is competitive to the Zip product family which is based on Iomega's basic product designs and not the designs of OEM customers. By way of illustration, the proposed product being developed known as "AMP" would be considered a product in the Storage Product category.

Storage Product means ☒ Storage Capacity ☒ Capacity Attributes (select options below as applicable) ☐ Energy Only Status ☒ Full Capacity Deliverability Status ☒ Ancillary Services