Utility Rebates Clause Samples
The Utility Rebates clause defines how any financial incentives, rebates, or credits received from utility companies for energy-efficient improvements or installations are handled between the parties. Typically, this clause specifies whether the owner, contractor, or another party is entitled to claim and retain such rebates, and may outline the process for applying for them. Its core function is to ensure clarity and prevent disputes over the allocation of utility-related financial benefits arising from the project.
Utility Rebates. Utility rebates secured or obtained due to the installation of the ECMs at the Facility belong to the University. University may, at its discretion, utilize utility rebates to pay for authorized change orders.
Utility Rebates. Utility rebates secured or obtained due to the installation of the ECMs at the Premises belong to the CUSTOMER.
Utility Rebates. Any energy rebates and/or refunds received by CUSTOMER as a result of the Work are the result of an agreement between CUSTOMER and the utility company and are not included in HONEYWELL’S Guaranteed Savings. However, HONEYWELL shall complete rebate applications for the CUSTOMER providing necessary documentation in the form of calculations, design documents, and like materials as required for rebate applications, submit those applications on CUSTOMER’S behalf, and assist CUSTOMER in discussions and negotiations with the utility required to secure approval of rebate applications.
Utility Rebates. It is understood that all utility rebates and/or refunds are the result of an agreement between CUSTOMER and the utility company and HONEYWELL assumes no responsibility for either obtaining said rebates and/or refunds or for the quantity of said rebates and/or refunds.
Utility Rebates. In the event that any of the heating, ventilating, --------------- or air conditioning equipment, or any other energy systems installed in the Demised Premises, entitle the purchaser thereof to any rebate of the cost of purchase, Landlord shall assign to Tenant all of its interest in such rebate. Landlord shall cooperate with Tenant at no expense to Landlord to enable Tenant to process any necessary applications for such rebates by signing or endorsing any such applications after the same have been prepared or compiled by Tenant.
Utility Rebates. Parties to this agreement will continue to work together, to establish two or more defined levels of performance based on IPLV efficiency ratios for constant volume and variable volume fans as described above. The number of levels and their definition remains open to be determined after conducting market research to better understand the reasonable expectations of the marketplace, and what levels would motivate the greatest impact. This determination will be done for fans as part of an ACEEE led initiative to create levels, their definitions and their branding in cooperation with the motor, pump and air compressor industries. Parties to this agreement believe that common branding and definitions for all driven loads (not just fans) will have the greatest positive impact on sales of higher efficiency products. Once determined, the parties will work together to raise funds necessary to monitor fan performance in sufficient quantity and scope that will fully demonstrate the savings available from different efficiency ratio levels.
Utility Rebates. Utility rebates,(if any) secured or obtained due to the installation of the ECMs belong to the CITY and will be defined in the first year Annual Reconciliation report.
Utility Rebates. It is understood that all utility rebates and/or refunds are the result of an agreement between Customer and the utility company and Honeywell assumes no responsibility for either obtaining said rebates and/or refunds or for the quantity of said rebates and/or refunds. It is further understood that any evaluation and presentation of options by Honeywell for potential utility rebates and credits available to Customer from utility companies is limited to those identified during contract negotiation and during installation. Assisting the Customer in securing identified rebates is understood to be a construction and installation task and is not part of these on-going services.