Guarantee Year definition
Guarantee Year is defined as the First Guarantee Year and each of the successive twelve (12) month periods commencing on the anniversary of the commencement of the First Guarantee Year throughout the Guarantee Term.
Guarantee Year is the twelve (12) month period beginning on the Savings Guarantee Commencement Date and each subsequent twelve (12) month anniversary thereafter.
Guarantee Year means each twelve (12) month period during the Term of this Agreement, beginning on the Completion Date.
Examples of Guarantee Year in a sentence
For each Guarantee Year, Provider will sum the daily kWh output for the System provided by the DAS to calculate the Actual Generation for the System for such Guarantee Year.
Provider guarantees to Customer that the Actual Generation of the System during any Guarantee Year, subject to the limitations, terms and conditions stated in this Guarantee shall not be less than the Guaranteed Level.
Actual Generation means, for each Guarantee Year during the Term and with respect to the System, the System’s alternating current or “AC” electricity production in kilowatt- hours (“kWh”) as measured under Section 3.02.
The simulated electricity production during the missing interval will be added to the Actual Generation for each affected System for the subject Guarantee Year.
HONEYWELL will provide this one-time determination of the quantity of energy avoidance of the CUSTOMER’S facility for the First Guarantee Year only.
More Definitions of Guarantee Year
Guarantee Year means any twelve (12) month period that begins on the Savings Guarantee Commencement Date or any anniversary thereof and that occurs during the Performance Period.
Guarantee Year is each successive annual period beginning at the Guarantee Start Date.
Guarantee Year means the consecutive twelve (12) month period beginning with the first day of the month following the date of Substantial Completion of the ECMs, and each similar twelve (12) month period thereafter.
Guarantee Year means the period of twelve (12) consecutive months beginning on the Operations Date and each period of twelve (12) consecutive months thereafter until the end of the Contract Period.
Guarantee Year. : means the period of twelve (12) consecutive months beginning on the date of the official operation of the Works installed by the ESCO at the Site and each period of twelve (12) consecutive months thereafter until the end of the term of this Agreement.
Guarantee Year means each successive twelve (12)-month period during the Term starting on the Commencement Date for the System.
Guarantee Year means each consecutive year during the Term. Guarantee Level is 99% of the SEAMC (as adjusted by the ratio of SEAMC to SETMC and for the CDP) for the purpose of calculating the minimum monetary value of electricity purchases that shall be avoided by a System’s electricity output for each year of the Term under this Output Guarantee; and 95% of the SEAMC (as adjusted by the ratio of SEAMC to SETMC and for the CDP) for the purpose of determining the minimum monetary value of CSI incentive payments associated with a System’s electricity output for each year of the Term under this Agreement during the five-year term of the CSI Incentive. PVsyst means the software program utilized by Design-Builder to predict the amount of electricity (kWh AC) a System will produce in an average meteorological year, which currently has the following characteristics: (1) developed at the University of Geneva and currently available through PVsyst SA, (2) utilizes the one-diode model-to-model photovoltaic characteristics, (3) all ancillary array losses are taken into account and (4) PVsyst simulations use NREL TMY3 weather data from the location nearest to each System site. SEAMC or Simulated Energy under Actual Meteorological Conditions means, with respect to any given TOU Period or group of TOU Periods within a given Guarantee Year, the quantity of expected AC electricity output from a System as simulated by PVsyst using actual hourly insolation, wind speed, and air temperature as recorded by the DAS at each Site, keeping all other inputs equal to those used when calculating SETMC. SETMC or Simulated Energy under Typical Meteorological Conditions means, with respect to any given TOU Period or group of TOU Periods within a given Guarantee Year, the expected quantity of AC electricity output from a System simulated by PVsyst using hourly insolation, wind speed, and air temperature data contained within the TMY3 file. The SETMC values for each System are listed in Table 1 of this Output Guarantee. These values are taken from the hourly output values contained in Design-Builder’s July 29, 2011 Excel spreadsheet addendum to its Proposal, which is hereby incorporated by reference into this Output Guarantee. System means each separately-metered solar facility at each Site. Term means the twenty-five (25) year period that the Output Guarantee is in effect. TOU Period means each PG&E time-of use period as defined in Table 3 of this Output Guarantee.