Common use of AMOUNT AND FORM OF PARTICIPANT INCENTIVE Clause in Contracts

AMOUNT AND FORM OF PARTICIPANT INCENTIVE. The Participant acknowledges that the total amount of the estimated Participant Incentives set forth in the Application is based upon estimated Demand Savings, estimated Energy Savings and estimated Eligible Costs based on the Application and, subject to the following, will be the maximum amount payable hereunder. Upon the completion and verification of each Project, the LDC will recalculate the amount of the Participant Incentive based upon the best available information at such time subject, however to the limitation that the recalculated Participant Incentive may not be more than 10% greater than the estimated Participant Incentive in the Application. A Participant may however submit an Application to amend the scope of a Project prior to the completion of that Project, where such change in Project will result in a greater than 10% increase to the Participant Incentive. The total amount of the Participant Incentives determined by the LDC will be paid by the LDC as a lump sum payment within 90 days after the completion of the Project, and any post-project site visits and inspections required in respect thereof, is completed; and Notwithstanding Section 2 above, if the Participant is a Social Housing Provider that has requested an Advance Incentive, such Advance Incentive will be paid upon the acceptance by the LDC of the Application and Section 2 will apply to the balance of the total of the Participant Incentives. If the Participant is a Social Housing Provider and the Project for which that Advance Incentive was made has not been completed within one year of the date the Application was approved, the Participant will no longer be eligible to receive the Social Housing Adder, and any Advance Incentive previously advanced will be repaid to the LDC or the LDC will be entitled to set-off such amount from any Participant Incentive that may become payable.

AMOUNT AND FORM OF PARTICIPANT INCENTIVE. The Participant acknowledges that the total amount of the estimated Estimated Participant Incentives set forth in the Application is based upon estimated Demand Savings, estimated Energy Savings and estimated Estimated Eligible Costs based on the Application and, subject to the followingfollowing and Section 3), will be the maximum amount payable hereunder. Upon the completion and verification of each Project, the LDC IESO will review the Post-Project Submission and recalculate the amount of the Participant Incentive based upon the best available information at such time subjecttime, however subject to the limitation that the recalculated Participant Incentive may not be more than 10% greater than the estimated Estimated Participant Incentive in the Application. A Notwithstanding the foregoing, the Participant may however submit an Application to amend the scope of a Project prior to the completion of that Project, where such change in Project will result in a greater than 10% increase to the Participant Incentive. The IESO will review the Post-Project Submission upon receipt from the Participant, and may conduct Post-Project site visits and inspections, as required for verification purposes. If following the review, the Post-Project Submission is approved by the IESO, acting in its sole and absolute discretion, the total amount of the Participant Incentives determined by the LDC IESO will be paid by the LDC IESO as a lump sum payment payment. Any Participant Incentive payable under the Retrofit Program will be paid by the IESO to the Participant as a lump sum within 90 days after the completion of the Project, and any post-project site visits and inspections required in respect thereof, is completed; and Notwithstanding Section 2 above, if the Participant is a Social Housing Provider that has requested an Advance Incentive, such Advance Incentive will be paid upon the acceptance by the LDC of the Application and Section 2 will apply to the balance of the total of the Participant Incentives. If submitting an invoice to the IESO for the Participant is a Social Housing Provider and Incentive after the Project for which that Advance Incentive was made has not been completed within one year approval of the date Post-Project Submission by the Application was approved, the Participant will no longer be eligible to receive the Social Housing Adder, and any Advance Incentive previously advanced will be repaid to the LDC or the LDC will be entitled to set-off such amount from any Participant Incentive that may become payableIESO.

AMOUNT AND FORM OF PARTICIPANT INCENTIVE. The Participant acknowledges that the total amount of the estimated Participant Incentives set forth in the Application is based upon estimated Demand Savings, estimated Energy Savings and estimated Eligible Costs based on the Application and, subject to the following, will be the maximum amount payable hereunder. Upon the completion and verification of each Project, the LDC will recalculate the amount of the Participant Incentive based upon the best available information at such time subject, however to the limitation that the recalculated Participant Incentive may not be more than 10% greater than the estimated Participant Incentive in the Application. A Participant may however submit an Application to amend the scope of a Project prior to the completion of that Project, where such change in Project will result in a greater than 10% increase to the Participant Incentive. The total amount of the Participant Incentives determined by the LDC will be paid by the LDC as a lump sum payment within 90 days after the completion of the Project, and any post-project post‐project site visits and inspections required in respect thereof, is completed; and Notwithstanding Section 2 above, if the Participant is a Social Housing Provider that has requested an Advance Incentive, such Advance Incentive will be paid upon the acceptance by the LDC of the Application and Section 2 will apply to the balance of the total of the Participant Incentives. If the Participant is a Social Housing Provider and the Project for which that Advance Incentive was made has not been completed within one year of the date the Application was approved, the Participant will no longer be eligible to receive the Social Housing Adder, and any Advance Incentive previously advanced will be repaid to the LDC or the LDC will be entitled to set-off set‐off such amount from any Participant Incentive that may become payable.

AMOUNT AND FORM OF PARTICIPANT INCENTIVE. The Participant acknowledges that the total amount of the estimated Estimated Participant Incentives set forth in the Application is based upon estimated Peak Demand Savings, estimated Energy Savings and estimated Estimated Eligible Costs based on the Application and, subject to the followingfollowing and Section 3, will be the maximum amount payable hereunder. Upon the completion and verification of each Project, the LDC IESO will review the Post-Project Submission and recalculate the amount of the Participant Incentive based upon the best available information at such time subjecttime, however subject to the limitation that the recalculated Participant Incentive may not be more than 10% greater than the estimated Estimated Participant Incentive in the Application. A Notwithstanding the foregoing, the Participant may however submit an Application to amend the scope of a Project prior to the completion of that Project, where such change in Project will result in a greater than 10% increase to the Participant Incentive. The IESO will review the Post- Project Submission upon receipt from the Participant, and may conduct post-Project site visits and inspections, as required for verification purposes. If, following the review, the Post-Project Submission is approved by the IESO, the total amount of the Participant Incentives Incentives, as determined by the LDC IESO in its sole discretion will be paid by the LDC IESO as a lump sum payment payment. Following the approval of the Post-Project Submission by the IESO and the submission of an invoice by the Participant to the IESO for the Participant Incentive, any Participant Incentive payable under the Retrofit Program will be paid by the IESO to the Participant as a lump sum within 90 days after the completion of the Project, and any post-project site visits and inspections required in respect thereof, is completed; and Notwithstanding Section 2 above, if the Participant is a Social Housing Provider that has requested an Advance Incentive, such Advance Incentive will be paid upon the acceptance by the LDC of the Application and Section 2 will apply to the balance of the total of the Participant Incentives. If the Participant is a Social Housing Provider and the Project for which that Advance Incentive was made has not been completed within one year receiving IESO approval of the date the Application was approved, the Participant will no longer be eligible to receive the Social Housing Adder, and any Advance Incentive previously advanced will be repaid to the LDC or the LDC will be entitled to set-off such amount from any Participant Incentive that may become payableits submitted invoice.

AMOUNT AND FORM OF PARTICIPANT INCENTIVE. The Participant acknowledges that the total amount of the estimated Estimated Participant Incentives set forth in the Application is based upon estimated Demand Savings, estimated Energy Savings and estimated Estimated Eligible Costs based on the Application and, subject to the followingfollowing and Section 3, will be the maximum amount payable hereunder. Upon the completion and verification of each Project, the LDC IESO will review the Post-Project Submission and recalculate the amount of the Participant Incentive based upon the best available information at such time subjecttime, however subject to the limitation that the recalculated Participant Incentive may not be more than 10% greater than the estimated Estimated Participant Incentive in the Application. A Notwithstanding the foregoing, the Participant may however submit an Application to amend the scope of a Project prior to the completion of that Project, where such change in Project will result in a greater than 10% increase to the Participant Incentive. The IESO will review the Post-Project Submission upon receipt from the Participant, and may conduct Post-Project site visits and inspections, as required for verification purposes. If, following the review, the Post-Project Submission is approved by the IESO, the total amount of the Participant Incentives Incentives, as determined by the LDC IESO in its discretion, will be paid by the LDC IESO as a lump sum payment payment. Following the approval of the Post-Project Submission by the IESO and the submission of an invoice by the Participant to the IESO for the Participant Incentive, any Participant Incentive payable under the Retrofit Program will be paid by the IESO to the Participant as a lump sum within 90 days after the completion of the Project, and any post-project site visits and inspections required in respect thereof, is completed; and Notwithstanding Section 2 above, if the Participant is a Social Housing Provider that has requested an Advance Incentive, such Advance Incentive will be paid upon the acceptance by the LDC of the Application and Section 2 will apply to the balance of the total of the Participant Incentives. If the Participant is a Social Housing Provider and the Project for which that Advance Incentive was made has not been completed within one year receiving IESO approval of the date the Application was approved, the Participant will no longer be eligible to receive the Social Housing Adder, and any Advance Incentive previously advanced will be repaid to the LDC or the LDC will be entitled to set-off such amount from any Participant Incentive that may become payableits submitted invoice.