Savings Target definition

Savings Target means the electricity savings (MW and MWh) specified in Schedule “B” and to be achieved at the end of 24 months and sustained for the term of this Agreement.
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Savings Target means a dollar amount equal to at least 4.5% of the outstanding principal of the Refunded Bonds; i.e., the present value of (i) the aggregate debt service on the Refunded Bonds minus (ii) the aggregate debt service on the Refunding Bonds, after payment of all costs of issuance of the Refunding Bonds, must be at least 4.5% of the outstanding principal amount of the Refunded Bonds.
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Examples of Savings Target in a sentence

  • The last Quarterly Report must indicate whether or not the required minimum Annual Savings Target has been achieved.

  • Without limiting the generality of the foregoing, the Participant acknowledges that its participation in the M&T Initiative hereunder is based on its own assessment of the M&T Initiative and not on any reliance on anticipated or projected results, and that such participation may not result in the achievement of any electricity savings, demand savings or the achievement of the Savings Target, which is expressly disclaimed by the Participant.

  • Progress towards the Minimum Annual Savings Target will be assessed based on Confirmed Annual Energy Savings arising from Projects implemented by the Energy Manager which are in-service during the Participant Agreement term and where savings are expected to persist for a minimum of one (1) year from the Project’s in-service date, as reported in the Energy Manager’s Second Quarter Report and Annual Report submitted to the Technical Reviewer.

  • The energy efficiency component is aimed at producing a forecasted amount of energy- and capacity-related avoided power production cost savings based on a set of programs that achieves a Four-year Energy Savings Target.

  • The ESCO shall have no liability to the Customer under this Contract for failing to achieve any Monthly Energy Savings Target or for failing to deliver any level of (or any) Energy Savings.

  • The Monthly Energy Savings Target for the First Month and (if applicable) the Final Month shall be reduced pro-rata according to the number of Days in the First Month or Final Month as applicable.

  • In the event that the total amount of actual Cost Savings exceeds the Initial Costs Savings Targets, the Parties agree * such Costs Savings that exceed the Initial Cost Savings Targets (such Cost Savings that exceed the Initial Cost Savings Target being referred to as the “Excess Cost Savings”).

  • In the event the Initial Cost Savings Targets cannot be achieved, the parties will agree to a reduced Initial Cost Savings Target to reflect those amounts actually achieved.

  • If the Energy Manager does not meet the Annual Savings Target in the first year of this Agreement, the Participant will be required to demonstrate to the satisfaction of the IESO, acting in its sole discretion, that the projects expected for the next twelve (12) month period will be sufficient to attain the cumulative Annual Savings Target for the term of the Agreement, failing which the Energy Manager Funding Agreement will terminate.

  • Upon completion of each Assessment Period, the Technical Reviewer will review the Energy Manager’s performance to determine if it achieved the Annual Savings Target and may verify the Annualized Electricity Savings.