Annual Review and Reimbursement/Reconciliation. QESP shall measure and calculate Energy Cost Savings as specified in Schedule C (Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Reporting) and Schedule B (Baseline Energy Consumption; Methodology to Adjust Baseline) and shall prepare and deliver to Department an annual reconciliation report no later than forty-five (45) days following each (1) twelve-month anniversary of the Commencement Date, or (2) the date that QESP shall have received the last of the energy usage records and data referenced in Articles 3 and 5 of this SOW, whichever is later, for the entire term of this SOW, including the final report due on or before . If the reconciliation reveals a shortfall in annual Energy Cost Savings in any one year during the guarantee period, QESP shall make payment to the Department in the amount of the shortfall no later than days after the Department receives the reconciliation report. If the reconciliation reveals an excess in annual Energy Cost Savings, the excess savings shall remain with the Department, and shall not be used to cover potential Energy Cost Savings shortages in subsequent years or actual Energy Cost Savings shortages in previous years.
Annual Review and Reimbursement/Reconciliation. A. Energy-related cost savings shall be measured and/or calculated as specified in Schedule C (Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Reporting Requirements) and a report provided within ninety (90) days of the end of the year for the previous year for each anniversary of the Commencement Date.
Annual Review and Reimbursement/Reconciliation. Cost savings shall be measured and/or calculated as specified in Schedule F (Measurement and Verification) and reported to the School District within ninety (90) days of the end of year for the previous year for each year of the Guarantee Period as set forth in Schedule T (Annual Reporting Requirements).
Annual Review and Reimbursement/Reconciliation. Section 3.2: At the end of each year of the contract and within a specified number of days, there will be a review and reconciliation of the actual achieved savings (subject to any adjustments made for weather, occupancy, operations etc.) with the ESCO's guaranteed savings. If there is a savings shortfall, the ESCO is contractually liable to reimburse the Institution for the difference between what was actually achieved and the amount guaranteed. If in any future year, the achieved savings exceed the guarantee, the excess savings will be used to reimburse the ESCO for any shortfall payments made in previous years. It is recommended that all excess savings be retained by the Institution except when the ESCO has had a previous year's shortfall and not be credited to satisfy savings guarantees in future years of the contract. Institution may negotiate to receive cash, equipment or services equivalent to any deficiency in savings. Energy-related cost savings shall be measured and/or calculated as specified in Schedule C (Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Reporting) and Schedule B (Baseline Energy Consumption; Methodology to Adjust Baseline) and a report provided within ninety (90) days of the end of the year for the previous year for each anniversary of the Commencement Date. In the event the Energy and Cost Savings achieved during such guarantee year are less than the Guaranteed Energy and Cost Savings as defined in Schedule A (Savings Guarantee), ESCO shall pay the Institution an amount equal to the deficiency. The ESCO shall remit such payments to the Institution within ___ days of written notice by the Institution of such monies due. When the total energy savings in any one year during the guarantee period exceed the Energy and Cost Savings Guarantee as set forth in Schedule A (Savings Guarantee) and are in addition to those monies due the ESCO for compensation for services as set forth in Schedule J (Compensation to ESCO for Annual Services), such excess savings shall first be applied to reimburse ESCO for any payment ESCO made to Institution to meet ESCO's guarantee for previous years in which the energy savings fell short of ESCO's Energy and Cost Savings Guarantee under the terms as set forth in Schedule A (Savings Guarantee). In no event shall credit for excess savings be used to satisfy saving guarantees in future years of the Contract
Annual Review and Reimbursement/Reconciliation. Energy-related cost savings shall be measured and/or calculated as specified in Schedule E (Baseline Energy Consumption) and Schedule F (Savings Measurement and Calculation Formulae; Methodology to Adjust Baseline) and a report provided within forty-five (45) days of each anniversary of the Performance Commencement Date. ESCO has developed the measurement and verification procedures specified in Schedule F (Savings Measurement and Calculation Formulae; Methodology to Adjust Baseline) to comply with the requirements stipulated in the DME CaBEERE Volume 4: Measuring and Verification. In the event the Energy and Cost Savings achieved during such twelve-month period is less than the Guaranteed Energy and Cost Savings during the years the guarantee is in effect, ESCO shall pay the Customer an amount equal to the deficiency. If during any twelve-month period the Energy and Cost Savings achieved are greater than the Guaranteed Energy and Cost Savings, such excess Cost Savings shall be shared 50/50 between the Customer and the ESCO.
Annual Review and Reimbursement/Reconciliation. If at the end of any year during the guarantee period as specified in Schedule C, RES has failed to achieve the annual Energy Savings Guarantee specified in Schedule C, upon written request by the Customer, which shall be given no earlier than the end of such year and no later than six
Annual Review and Reimbursement/Reconciliation. If at the end of any year during the guarantee period as specified in Exhibit D, the ESCO has failed to achieve the annual Energy Unit Savings Guarantee specified in Exhibit D, upon written request by the Agency, which shall be given no earlier than the end of such year and no later than sixty (60) days thereafter, the ESCO will pay the Agency the difference between the Guaranteed Energy Unit Savings for such year and the total Energy Unit Savings for that Measurement Year, not to exceed the Guarantee Energy Unit Savings amount set forth in Exhibit “D”. The ESCO shall remit such payments to the Agency within sixty (60) days of written notice by the Agency of such monies due. When the total energy unit savings in any one year during the guarantee period exceed the Energy Unit Savings Guarantee as set forth in Exhibit D and are in addition to those monies due the ESCO for compensation for services as set forth herein, such excess savings shall first be applied to reimburse ESCO for any payment ESCO made to Agency to meet ESCO's guarantee for previous years in which the energy savings fell short of ESCO's Energy Unit Savings Guarantee, and as set forth in Exhibit B. In no event shall credit for excess savings be used to satisfy performance guarantees in future years of the contract, however, savings generated during construction may be applied to the overall guarantee obligation. The Agency may terminate the energy savings contract on the annual anniversary date of this Contract.
Annual Review and Reimbursement/Reconciliation. Energy-related cost savings shall be measured and/or calculated as specified in Schedule D, Schedule E, and Schedule E and a report provided within ninety (90) days of receipt of all data (as specified in Schedule D hereof) for the previous year for each anniversary of the Performance Commencement Date. Contractor agrees that Schedule E shall follow and use as a standard the procedures and protocol for Measurement and Verification identified in this document. ESCO shall supply all post installation M&V reports to Owner and AEO for approval. In the event the Savings achieved during such Contract Year is less than the Guaranteed Utility and cost Savings (as defined in Schedule C hereof), set forth for such year during the years the Guarantee is in effect, Contractor shall pay the Owner an amount equal to the deficiency. If during each Contract Year the Savings achieved are greater than the Guaranteed Savings, such excess Savings shall be retained by the Owner.
Annual Review and Reimbursement/Reconciliation. If at the end of any year during the guarantee period as specified in Schedule B, RES has failed to achieve the annual Energy Savings Guarantee specified in Schedule B, upon written request by the Customer, which shall be given no earlier than the end of such year and no later than six (6) months thereafter, RES will pay the Customer the difference between the annual amount guaranteed and the amount of actual energy and operations savings achieved at the Premises in accordance with the provisions of Schedule C. RES shall remit such payments to the Customer within sixty (60) days of written notice by the Customer of such monies due.
Annual Review and Reimbursement/Reconciliation. Cost savings shall be measured and/or calculated as specified in Schedule F (Measurement and Verification) and reported to the PEA and the City within ninety (90) days of the end of year for the previous year for each year of the Guarantee Period as set forth in Schedule T (Annual Reporting Requirements).
