Common use of Excess Savings Clause in Contracts

Excess Savings. For any Measurement Period in which there are Excess Savings, District will repay to ENGIE Services U.S., to the extent of such Excess Savings, any Guarantee Payments previously paid by ENGIE Services U.S. to District and not previously repaid to ENGIE Services U.S. by District, and the Excess Savings for such Measurement Period will be reduced by the amount of such repayment. If ENGIE Services U.S. has provided services or retrofits in lieu of the Guarantee Payment for a prior Measurement Period, such that the Guarantee Payment for such Measurement Period cannot be repaid by District, then in lieu of such repayment Excess Savings will be increased by the deemed value of such services or retrofits.