Examples of Expected Energy in a sentence
If Provider determines that any changes to Expected Energy for the System are required based on an event or events described in Section 5.01, then Provider shall notify the Customer, in writing, of the basis for its determination, and Provider shall either provide revised definitions of Expected Energy in exhibits that, upon mutual agreement of the Parties, which shall not be unreasonably denied or delayed, shall replace the current exhibits to this Guarantee, or specify a date by which it shall do so.
If the Availability in any given Contract Year falls below the Guaranteed Availability for that Contract Year, the resulting shortfall shall be expressed in MWh as the “Output Shortfall.” The Output Shortfall shall be calculated in accordance with the following formula: Output Shortfall = (Guaranteed Availability – Availability) x Expected Energy.
Expected Energy and Cost Savings Overview for 1st Performance Year Table ESM Total energy savings (MMBtu/yr) Electric energy savings (kWh/yr) Electric demand savings (kW/yr)* Natural gas savings (MMBtu/yr)** Water savings (gallons/yr) Other energy savings (MMBtu/yr)** Total energy and water cost savings, Year 1 ($/yr) Other energy- related O&M cost savings, Year 1 ($/yr) Total cost savings, Year 1 ($/yr) Total savings Notes MMBtu=106 Btu.
The occurrence of any of the following shall constitute an Event of Default: if, beginning in the second Contract Year, the Adjusted Energy Production amount is not at least fifty percent (50%) of the Expected Energy amount in any Contract Year; and if, in any two (2) consecutive Contract Years during the Delivery Term, the Adjusted Energy Production amount is not at least sixty-five percent (65%) of the Expected Energy amount in each Contract Year.
For each calendar year during the Term, it is expected that the Facility shall generate the Expected Energy Amount as set forth in Exhibit K.