M&V Commencement Date definition
Examples of M&V Commencement Date in a sentence
During such event, Projected Energy Savings for the month(s) in which such event is continuing will be used in lieu of actual data; provided that if three (3) or more years of post M&V Commencement Date data are available for such month(s), the historical average of such data for such month(s) will be used in lieu of Projected Energy Savings.
During the Construction Period, the Energy Unit Savings will be calculated by adding the savings measured for the whole months between Substantial Completion or Beneficial Use of the ECM and the M&V Commencement Date.
From and after the M&V Commencement Date, Excess Savings will be calculated by ENGIE Services U.S. as the difference, to the extent positive, between (i) the EC Savings for the relevant Measurement Period minus (ii) the Guaranteed Savings for such Measurement Period.
The Annual Maintenance Fee for the first Measurement Period will be invoiced by ENGIE Services U.S. to District in a lump sum on the M&V Commencement Date.
During the Construction Period, the Energy Unit Savings will be calculated by adding the savings measured for the whole months between Substantial Completion or Beneficial Use of the EC Measure and the M&V Commencement Date.
From and after the M&V Commencement Date, Excess Savings will be calculated by OpTerra Energy Services as the difference, to the extent positive, between (i) the EC Savings for the relevant Measurement Period minus (ii) the Guaranteed Savings for such Measurement Period.
From and after the M&V Commencement Date, Excess Savings will be calculated by Chevron Energy Solutions as the difference, to the extent positive, between (i) the EC Savings for the relevant Measurement Period minus (ii) the Guaranteed Savings for such Measurement Period.
The Annual M&V Fee for the first Measurement Period will be invoiced by ENGIE Services U.S. to District in a lump sum on the M&V Commencement Date.
The Annual Maintenance Fee for the first Measurement Period will be invoiced by Chevron Energy Solutions to Manhattan Beach USD in a lump sum on the M&V Commencement Date.
The Annual M&V Fee for the first Measurement Period will be invoiced by Chevron Energy Solutions to Manhattan Beach USD in a lump sum on the M&V Commencement Date.