Green Standard definition
Examples of Green Standard in a sentence
SUB-RECIPIENT shall also terminate outstanding orders and contracts as they relate to the terminated work.
After meeting the requirements of Sections 2 and 3 above, evidencing the achievement of the selected Green Standard and submitting the as-improved SEP, Borrower (in a manner prescribed in Program Guidance) agrees to provide to HUD annually on the anniversary date of the as-improved SEP, without request, evidence of the continuing energy performance of the Healthcare Facility by submitting an annual SEP, each prepared or verified by a Qualified Licensed Energy Professional.
After, and in addition to, meeting the selected Green Standard, ▇▇▇▇▇▇▇▇ agrees to pursue, achieve, and maintain a minimum score of 75 or better on the 1-100 ENERGY STAR® score, using a Statement of Energy Performance from EPA's Portfolio Manager®.
When such achievement is contingent on completion of construction, repairs or alterations, then evidence, as defined by the Green Standard, that the completion of work is consistent with the Green Standard must be provided to Lender and HUD within three months of the completion of work.
For Projects of less than 20 units, the Borrower has elected and hereby agrees to diligently pursue and achieve the Green Standard indicated above, but the Borrower is exempt from requirements to provide an SEP and to evidence an ENERGY STAR® Score of 75 or more.
After, and in addition to, meeting the selected Green Standard, Borrower agrees to pursue, achieve and maintain a minimum score of 75 or better on the ▇-▇▇▇ ▇▇▇▇▇▇ STAR® score, using a Statement of Energy Performance from EPA's Portfolio Manager®.
If Tenant’s electrical usage, as reasonably determined by Landlord, exceeds the foregoing standard or exceeds the consumption level allowed under any Green Standard, Tenant shall reimburse Landlord on demand for such excess usage and shall implement measures to reduce consumption to levels that satisfy the Green Standards and are consistent with Building standards.
After meeting the requirements of Sections 2 and 3 above, evidencing the achievement of the selected Green Standard and the first SEP, Borrower agrees to provide to HUD annually on the anniversary date of the first SEP, without request, evidence of the continuing energy performance of the property by submitting an SEP, each prepared or verified by a Qualified Energy Professional.
When all requirements are met the Borrower shall provide the Lender and ensure that HUD receives evidence satisfactory to HUD of the achievement of the selected Green Standard.
If, due to Purchaser’s obligation to comply with any Green Standard, it receives any tax credit with respect to the Project (or the residential units therein), the Green Cost Price Adjustment shall be decreased by the aggregate amount of the tax credit.