Guaranteed Savings definition

Guaranteed Savings means, for a given Contract Year, the Price for the Contract Year specified in Section 4.1 times the sum of the Guaranteed Demand Reductions for each month of the Contract Year specified in Section 4.3.

Guaranteed Savings means a program in which a company guarantees a user a predetermined reduction in energy costs. The company guarantees that energy costs plus all costs of the energy conservation measures or services pro- vided will be less than the user's normal energy costs.

Guaranteed Savings is defined as the total scheduled amount of Cost Avoidance that Honeywell is guaranteeing, as set forth in Section D.1 of Part D.

Examples of Guaranteed Savings in a sentence

• To the extent the PEA or the City rejects the Design and Engineering Documents or any portion thereof, and such rejection causes a change to the Contract Sum, the time of completion, the Annual Guaranteed Savings, the Total Guaranteed Savings or any component of this Contract, there shall be an equitable adjustment made.

• Where there is a Material Change that affects the calculations described and set forth in Schedule E (Baseline Energy Consumption; Baseline Adjustments) and Schedule F (Measurement and Verification), an equitable adjustment shall be made to the calculations described and set forth in same, which may include an equitable adjustment to the baseline, the Annual Guaranteed Savings and the Total Guaranteed Savings.

• In the event that the actual savings achieved during any one year of the Guarantee Period are less than the Annual Guaranteed Savings set forth in Schedule C (Energy Savings Guarantee), ESCO shall pay the City an amount equal to the deficiency (“Shortfall Payment”).

• Where the Guarantee Period is deferred to the first day of the Fiscal Year, an equitable adjustment to the Annual Guaranteed Savings and Total Guaranteed Savings shall be mutually agreed to between the Parties.

• The Parties acknowledge and agree that the Annual Guaranteed Savings and Total Guaranteed Savings set forth on Schedule C (Energy Savings Guarantee) cannot be realized and maintained unless certain ongoing procedures and methods of operation designed for energy conservation (collective known as “ECM Service Responsibilities”) are implemented and followed by the PEA, PMA and the City, on a regular and continuous basis, and by ESCO as required by this Agreement.

More Definitions of Guaranteed Savings

Guaranteed Savings is defined as the amount of Energy and Operational Cost Savings.

Guaranteed Savings means the amount of Savings that SIEMENS guarantees will be achieved at the Facility during the Performance Guarantee Period. as identified in the Performance Assurance, Exhibit C as subject to the limitation identified in Section 4.8.

Guaranteed Savings means the level of energy savings, operational cost savings, and revenue enhancements identified in Schedule B of the GESPC.

Guaranteed Savings means the amount of energy, water or wastewater cost savings, operational cost savings or revenue increases resulting from the Selected ECMs. The Guaranteed Savings may be referenced in this Contract (and the Schedules and Exhibits thereto) on either an annual basis, meaning the Annual Guaranteed Savings for any single year of the Guarantee Period, or on a grand total basis, meaning the Total Guaranteed Savings achieved during the fifteen-year Guarantee Period.

Guaranteed Savings means, for any Measurement Period, the dollar amount set forth below for such Measurement Period, as the same may be adjusted from time to time by ENGIE Services U.S. for changes in Energy Rate Factors, Energy Use Factors and consequential revisions to the relevant Baseline: Measurement Period Guaranteed Savings 1 $135,833 2 $146,086 3 $157,114 4 $168,975 5 $181,732 6 $195,453 7 $210,211 8 $226,083 9 $243,155 10 $261,517 11 $281,267 12 $302,509 13 $325,357 14 $349,931 15 $376,363 16 $404,793 17 $435,372 18 $468,263 19 $503,641 20 $541,693 “IPMVP” means the International Performance Measurement and Verification Protocol prepared by Efficiency Valuation Organization.

Guaranteed Savings means the realized savings by the subscriber as the difference between the cost of a subscription to a community solar facility and the bill credit received for the generation attributed to the subscription.

Guaranteed Savings. The savings as provided in Schedule A Baseline Consumption and Guaranteed Savings. Interim Period: The period from contract execution until the Effective Date.