Actual Output and Refunds Sample Clauses

Actual Output and Refunds. On the 24 month anniversary of the In-Service Date and on every 24 month anniversary thereafter, Sunrun will calculate the "Actual Output" of the Solar System. For the purposes of this Agreement, "Actual Output" shall mean the amount of electric energy generated by the Solar System to date plus any kWh for which you have previously received a refund. Subject to Section D(2), if the Actual Output is less than the Guaranteed Output for that 24 month anniversary set forth on Exhibit A, Sunrun will issue you a refund. This refund will be calculated by subtracting the Actual Output for that 24 month anniversary from the Guaranteed Output for that 24 month anniversary, and multiplying the result by the refund per kWh amount as set forth for that 24 month anniversary on Exhibit A. For example, if in year 10 the system was expected to have generated 62,000kWh cumulatively and actual generation was 61,500, and your refund rate is $0.13, we will credit your account based on the 500kWh the system fell short multiplied by your refund rate, i.e. 500kWh x $0.13 = $65.
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Actual Output and Refunds a. On the anniversary of the In-Service Date and on every anniversary thereafter, Sunrun will calculate the "Actual Output" of the Solar System. For the purposes of this Agreement, "Actual Output" shall mean the amount of electric energy generated by the Solar System to date plus any kWh for which you have previously received a refund. Subject to Section D(2), if the Actual Output is less than the Guaranteed Output for that anniversary date set forth on Exhibit A, Sunrun will issue you a refund. This refund will be calculated by subtracting the Actual Output for that anniversary date from the Guaranteed Output for that anniversary date, and multiplying the result by the refund per kWh amount as set forth for that anniversary date on Exhibit A. For example, if in year 10 the system was expected to have generated 62,000kWh cumulatively and actual generation was 61,500, and your refund rate is $0.13, we will credit your account based on the 500kWh the system fell short multiplied by your refund rate, i.e. 500kWh x $0.13 = $65. b. If you purchase the Solar System from Sunrun pursuant to Section G(4), and at the time of purchase the Actual Output is less than the Guaranteed Output for that anniversary date as set forth on Exhibit A, Sunrun will apply a credit towards the purchase price for the Solar System. This credit will be calculated by subtracting the Actual Output from the Guaranteed Output, and then multiplying the result by the refund per kWh amount on the anniversary date that precedes the date of purchase.
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Actual Output and Refunds. On the 24-month anniversary of the In-Service Date, and on every 24-month anniversary thereafter, Momentum will calculate the "Actual Output" of the Solar System. For the purposes of this Agreement, "Actual Output" shall mean the amount of electric energy generated by the Solar System to date plus any kWh for which you have previously received a refund. Subject to our right to include prior Solar System Overproduction in the calculation, if the Actual Output is less than the Guaranteed Output for that 24-month anniversary set forth on Exhibit A, Momentum will issue you a refund, calculated by subtracting the Actual Output for that 24-month anniversary period from the Guaranteed Output for that 24-month anniversary period, and multiplying the result by the per kWh amount as set forth for that 24-month anniversary period on Exhibit A.
Sample 1

Related to Actual Output and Refunds

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  • Maximum Contractual Obligation 13 The maximum obligation of COUNTY under this Agreement shall be 14 $220,000, or actual allowable costs, whichever is less.

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