Stipulated Values Clause Samples
The Stipulated Values clause defines a predetermined value for certain assets, obligations, or damages within a contract. Typically, this clause is used to set a fixed amount that will be recognized as the value of property, equipment, or compensation in the event of loss, damage, or early termination. For example, in equipment leases, the stipulated value might represent the agreed buyout price if the lessee wishes to purchase the equipment before the lease ends. This clause provides certainty and avoids disputes by ensuring both parties know in advance the amount that will apply under specific circumstances.
Stipulated Values. The value of the energy savings will be derived from the measured data and engineering formulae included herein, and the applicable energy charges as defined herein. In some cases, energy usage and/or demand will be calculated from measured variables that directly relate to energy consumption, demand or cost, such as, but not limited to, measured flow, temperature, current, voltage, enthalpy or pressure.
Stipulated Values. The value of the energy savings will be derived from the measured data and engineering formulae included herein, and the applicable energy charges as defined in Attachment G. In some cases, energy usage and/or demand will be calculated from measured variables that directly relate to energy consumption, demand or cost, such as, but not limited to, measured flow, temperature, current, voltage, enthalpy or pressure. AND/OR for those energy audits employing the method consistent with I.P.M.V.P. and/or F.E.M.P. Option D: For each Energy Conservation Measure, HONEYWELL will employ an M&V Plan that may be comprised of any or all of the following elements:
(1) Pre-retrofit model of energy consumption or demand
(2) Post retrofit model of energy consumption or demand
(3) Post retrofit measured energy consumption
(4) Post-retrofit measured demand and time-of-use
(5) Post-retrofit energy and demand charges
(6) Sampling plan
Stipulated Values. Each of the Company, Parent, Sub and the Securityholder Representative acknowledges and agrees that the Unit Price and the number of units constituting the Equity Consideration are based upon values that have been agreed upon between Parent and the Company for purposes of this Agreement and may not represent their fair market or intrinsic value as determined by a third party.
Stipulated Values. The value of the energy savings will be derived from a calibrated simulation of either the whole-building or of sub- systems in the building to determine the difference in the performance of the specific equipment being replaced. This method may entail as needed one-time measurements of the performance of the energy consuming systems in the building in order to calibrate the simulation model. Energy usage for the Facilities for such Guarantee Year will be derived through the use of simulation programs.