Energy Cost Savings Guarantee Sample Clauses

Energy Cost Savings Guarantee. Subject to the adjustments provided for in ARTICLE 15 (Material Changes), QESP guarantees that the annual level of Energy Cost Savings shall be in accordance with the measurement and verification of the Energy-Savings Measures as set forth in Schedule C (Savings Measurement and Verification Plan; Post-Retrofit M&V Plan; Annual M&V Reporting Requirements). The Energy Cost Savings Guarantee is set forth in annual increments for the term of the SOW as specified in Schedule A (Energy Cost Savings Guarantee) and QESP guarantees that it is sufficient to cover any and all annual payments required to be made by the Department as set forth in Schedule J (Compensation to QESP for Annual Services) and Schedule I (Financing Agreement and Payment Schedule).
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Related to Energy Cost Savings Guarantee

  • Cost Savings Developer shall work cooperatively with Architect, Construction Manager, subcontractors and District, in good faith, to identify appropriate opportunities to reduce the Project costs and promote cost savings. Any identified cost savings from the Guaranteed Maximum Price shall be identified by Developer, and approved in writing by the District. In the event Developer realizes a savings on any aspect of the Project, such savings shall be added to the Contingency and expended consistent with the Contingency. In addition, any portion of Allowance remaining after completion of the Project shall be added to the Contingency. If any cost savings require revisions to the Construction Documents, Developer shall work with the District and Architect with respect to revising the Construction Documents and, if necessary, obtaining the approval of DSA with respect to those revisions. Developer shall be entitled to an adjustment of Contract Time for delay in completion caused by any cost savings adopted by District pursuant to Exhibit D, if requested in writing before the approval of the cost savings.

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