Electricity Cap definition
Examples of Electricity Cap in a sentence
The Contractor shall be responsible for all electricity and electric service in excess of the Electricity Cap per fiscal year.
The Operator agrees to reimburse the City for the cost of electricity used in excess of the Electricity Cap for the pelletization process only .
We’ll pay for the following items: Water Sewer/Stormwater Trash Snow Removal Lawncare Pest Control Oil Gas/Propane Electricity Electricity Cap $ Other Primary Heat Source: Oil/Propane tank level at move in: Special Requirements for oil/propane delivery: You are responsible for all charges related to the following utilities including required deposits: Concerning the utilities provided by the Landlord, these utilities may only be used for normal household purposes and must not be wasted.
In the event that the consumption of electricity and/or natural gas at the Facilities in the previous Contract Year exceeded the Electricity Cap and/or Natural Gas Cap, the City may deduct from the next Monthly Invoice, the cost of the excess electricity and/or natural gas used by the Operator from the Commercial Operations Fee payable by the City.
The Electricity Cap may be adjusted by population increase or decrease as agreed to by the Parties.