Common use of Aggregation of Savings Clause in Contracts

Aggregation of Savings. The parties mutually agree that the Guaranteed Savings for this Agreement and the Guaranteed Savings for all previous active projects with guaranteed savings for this Customer shall be combined each year until the end of the original guarantee term for each project. Throughout the duration of the term for each specific phase the total savings will be utilized as an aggregate in satisfying the sum of the respective guarantees.

Appears in 2 contracts

Samples: Honeywell Agreement, Honeywell Agreement

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Aggregation of Savings. The parties mutually agree that the Guaranteed Guarantee Savings for this Agreement and the Guaranteed Guarantee Savings for all previous active Energy and Operational Guaranteed Cost Avoidance projects with guaranteed savings for this Customer CUSTOMER shall be combined each year until the end of the original guarantee term for each project. Throughout the duration of the term for the each specific phase the total savings will be utilized as an aggregate in satisfying the sum of the respective guarantees.

Appears in 1 contract

Samples: Honeywell Agreement

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Aggregation of Savings. The parties mutually agree that the Guaranteed Savings for this Agreement and the Guaranteed Savings for all previous active projects with guaranteed savings for this Customer shall be combined each year until the end of the original guarantee term for each project. Throughout the duration of the term for the each specific phase the total savings will be utilized as an aggregate in satisfying the sum of the respective guarantees.

Appears in 1 contract

Samples: Honeywell Agreement

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