Savings Guarantee Sample Clauses
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Savings Guarantee. Schedule A Savings Guarantee Schedule B Baseline Energy Consumption; Methodology to Adjust Baseline Schedule C Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Reporting Requirements Schedule D-G Left blank for optional schedules Payments and Schedule Schedule H Final Project Cost & Project Cash Flow Analysis Schedule I Financing Agreement and Payment Schedule Schedule J Compensation to ESCO for Annual Services Schedule K Rebates, Incentives and Grants Schedule L-P Reserved for optional schedules Schedule Q Description of Project Site(s) Schedule R Equipment to be Installed by ESCO Schedule S Construction and Installation Schedule Schedule T Systems Start-Up and Commissioning; Operating Parameters of Installed Equipment Schedule U Standards of Comfort Schedule V ESCO’s Training Responsibilities Schedule W-AA Left blank for optional schedules Post-Construction Schedule BB ESCO’s Maintenance Responsibilities Schedule CC Department’s Maintenance Responsibilities Schedule DD Facility Maintenance Checklist Schedules EE – II Left blank for optional schedules Schedule JJ Alternative Dispute Resolution Procedures Schedule KK – OO Left blank for optional schedules Pre-Existing Service Contracts Energy Savings Projections Facility Changes Checklist Exhibit I Performance Bond Exhibit II Labor and Material Payment Bond if required Exhibit III (i) Certificate of Acceptance—Investment Grade Audit Report Exhibit III (ii) Certificate of Acceptance—Installed Equipment Exhibit IV Equipment Warranties Optional Exhibits Manifest of Ownership Minority and Woman-Owned Business Certification Certification that Financing Term is no Longer than the Aggregated Equipment Lifetime Notice of Substantial Completion Appendix A RFP for ESCO Solicitation (Pre-qualification Phase; Final Selection Phase) Appendix B ESCO Proposal (Pre-qualification Phase; Final Selection Phase) Appendix C Investment Grade Audit and Project Development Contract Appendix D Investment Grade Audit Report Appendix E DGS Standard Contract Provisions for Construction Contract Appendix F DGS Standard Contract Provisions for Supplies and Services Contract
Savings Guarantee. In consideration of the payment of the Annual M&V Fee, and upon the terms and subject to the conditions set forth herein, ENGIE Services U.S. warrants that District will realize total EC Savings during the Energy Savings Term of not less than the total Guaranteed Savings (the “Savings Guarantee”), as the same may be adjusted from time to time for changes in Energy Rate Factors, Energy Use Factors and consequential revisions to the relevant Baseline.
Savings Guarantee. In consideration of the payment of the Annual M&V Fee, and upon the terms and subject to the conditions set forth herein, Chevron Energy Solutions warrants that Manhattan Beach USD will realize total EC Savings during the Energy Savings Term of not less than the total Guaranteed Savings (the “Savings Guarantee”), as the same may be adjusted from time to time for changes in Energy Rate Factors, Energy Use Factors and consequential revisions to the relevant Baseline.
Savings Guarantee. (a) Cenergistic’s commitment to the quality of the Program is evidenced by Cenergistic’s Savings Guarantee (as defined below). Cenergistic shall reimburse the College for the difference if the College’s Costs (as defined below) exceed its Total Savings, computed from the Start Date to the end of any Performance Year during the Term (“Savings Guarantee”). Due to the cumulative nature of the Savings Guarantee it is necessary to specify that Cenergistic shall not make reimbursement for amounts that Cenergistic has already reimbursed for a prior Performance Year. To be eligible for the Savings Guarantee the College must have substantially implemented the Program. If Cenergistic reasonably determines that the College is not substantially implementing the Program, Cenergistic shall give the College written notice of its determination (including specific details supporting Cenergistic’s determination and specific recommendations for appropriate College action) and, at Cenergistic’s election, the Performance Year and payment of the Monthly Fees shall be suspended for a period of up to four months as time to remedy. The College shall act within a reasonable time to cure such failure, with curative steps being taken within sixty (60) days after receipt of the written notice referenced above. If the parties are unable to agree on whether the College is substantially implementing the Program, the parties agree to meet to resolve the differences as set out in paragraph 13(c) below. “Substantial implementation of the Program” does not require the College to have implemented the Program in every detail. To “substantially implement” the Program means that the process of implementation is material to the extent that the program functions as intended. It requires that the Program has been implemented in its material elements, or almost fully implemented. The “College’s Costs” means the total amounts paid for the initial and renewal costs of the Software, and the Monthly Fees. Cenergistic shall pay the College a required reimbursement no later than 90 days after the results for the prior Performance Year have been finalized by Cenergistic and the energy specialist. If Cenergistic fails to make a required reimbursement, the College may terminate this contract without a payment of a Work Fee and recover the amount of the required reimbursement from Cenergistic.
Savings Guarantee. In consideration of the payment of the Annual M&V Fee, and upon the terms and subject to the conditions set forth herein, OpTerra Energy Services warrants that ConFire will realize total EC Savings during the Energy Savings Term of not less than the total Guaranteed Savings (the “Savings Guarantee”), as the same may be adjusted from time to time for changes in Energy Rate Factors, Energy Use Factors and consequential revisions to the relevant Baseline.
Savings Guarantee. Subject to changes in the Factors, ESCO guarantees that the Agency will realize total Energy Unit Savings during the Energy Unit Savings Term of not less than the Guaranteed Savings set forth in Exhibit “D”.
Savings Guarantee. Upon the terms and subject to the conditions set forth herein, ENGIE Services U.S. warrants that District will realize total EC Savings during the Energy Savings Term of not less than the total Guaranteed Savings (the “Savings Guarantee”), as the same may be adjusted from time to time for changes in Energy Rate Factors, Energy Use Factors and consequential revisions to the relevant Baseline.
Savings Guarantee. (a) Contractor hereby represents and warrants to Agency that the amount of the annual energy cost savings (calculated in accordance with Exhibit A) shall equal or exceed the “Guaranteed Savings” (as specified in Table below), in each Guarantee Year (the “Guarantee of Energy Savings”). 1 $ 1,250,653 $ 66,009 $ 1,316,662 2 $ 1,287,734 $ 67,989 $ 1,355,723 3 $ 1,325,916 $ 70,029 $ 1,395,945 4 $ 1,365,229 $ 72,129 $ 1,437,358 5 $ 1,405,708 $ 74,293 $ 1,480,001 6 $ 1,447,387 $ 76,522 $ 1,523,909 7 $ 1,490,302 $ 78,818 $ 1,569,120 8 $ 1,534,490 $ 81,182 $ 1,615,672 9 $ 1,579,987 $ 83,618 $ 1,663,605 10 $ 1,626,834 $ 86,126 $ 1,712,960 11 $ 1,675,069 $ 88,710 $ 1,763,779 12 $ 1,724,735 $ 91,371 $ 1,816,106 13 $ 1,775,874 $ 94,112 $ 1,869,986 1 18,466 2,144,573 8,706 2 18,466 2,144,573 8,706 3 18,466 2,144,573 8,706 4 18,466 2,144,573 8,706 5 18,466 2,144,573 8,706 6 18,466 2,144,573 8,706 7 18,466 2,144,573 8,706 8 18,466 2,144,573 8,706 9 18,466 2,144,573 8,706 10 18,466 2,144,573 8,706 11 18,466 2,144,573 8,706 12 18,466 2,144,573 8,706 13 18,466 2,144,573 8,706 For purposes of the Guarantee of Energy Savings, the following assumptions and provisions shall apply:
(i) Calculation of the annual energy cost savings, inclusive of energy savings and operational and maintenance cost savings, shall be performed under, and governed by, the methods, formulas, and procedures described in Schedule C.
(ii) As it relates to the annual energy cost savings and the Guarantee of Energy Savings, the term “Guarantee Year” shall mean the consecutive twelve (12) month period beginning with the first day of the month following the date of the Agency Certificate of Acceptance – Installed Equipment, and each similar twelve (12) month period thereafter.
(iii) The unit prices, including the escalation thereof, to be used to calculate the annual energy cost savings for the purposes of the Guarantee of Energy Savings are described in Schedule C.
(iv) The Guarantee of Energy Savings herein is subject to Agency performing its maintenance and other obligations under this Agreement. If Agency fails to perform, or fails to properly perform, its obligations under this Agreement or interferes with, or permits any person to take any action which, in the reasonable opinion of Contractor, prevents the achievement of the annual energy cost savings under the Guarantee of Energy Savings, then Contractor must immediately notify the Agency and provide the Agency 10 days to rectify the deficiency. If the...
Savings Guarantee. BlueCross guarantees that, of the claims that are approved for Eligible Charges, Employer will see a savings over the amount charged by Network Providers. The Savings Guarantee will be 63%. This Savings Guarantee applies only to Eligible Charges received from a Network Provider.
1.1. This Savings Guarantee is valid only for the period July 1, 2023, through June 30, 2024, (the “SG Effective Period”).
1.2. The measuring period for the Savings Guarantee is the applicable Plan Year, not to exceed 12 months.
1.3. The Savings Guarantee is based on the following facts and assumptions:
1.3.1. An enrollment of 737 lives and 2.52 contract size, and a network penetration of 95%.
1.3.2. No substantial changes (i.e. including but not limited to the addition of a new participating hospital or the termination of a participating hospital) in the Blue Network P, or network service area.
1.3.3. The following provider utilization by type: (a) Inpatient, 19.6%; Outpatient, 39.2%; and Physician 41.2%.
1.4. BlueCross reserves the right to change or nullify the Savings Guarantee if any of the following occur:
1.4.1. A +/-10% change in overall enrollment or contract size, enrollment by location, state or addition/closing of a location.
1.4.2. Network penetration falls below 93%.
1.4.3. A substantial change to the Blue Network, or the network service area. In such instance, adjustments will be made accordingly and communicated to Employer as soon as reasonably possible, but not later than 30 days prior to the effective date of the adjustment.
1.4.4. Provider utilization by type deviates +/-5% from the above percentages.
1.5. Savings Guarantee applies to in-network medical charges only and excludes network access fees, zero discount claims, behavioral health claims, pharmacy claims, provider administered specialty pharmacy claims, and claims over $100,000.
1.6. A Network Savings Summary report will be provided on a quarterly basis. DocuSign Envelope ID: CD93B45A-0105-43E7-9602-5AE5EB65AF29 DocuSign Envelope ID: 00C2B362-1FE5-4A7F-86FB-24039505711D
Savings Guarantee. In consideration of the payment of the Annual M&V Fee, and upon the terms and subject to the conditions set forth herein, Opterra ES warrants that Customer will realize total EC Savings during the Energy Savings Term of not less than the total Guaranteed Savings (the “Savings Guarantee”), as the same may be adjusted from time to time for changes in Energy Use Factors and consequential revisions to the relevant Baseline.