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).
Appears in 11 contracts
Samples: Energy Savings Performance Contracting Services, Energy Savings Performance Contracting Services, Energy Savings Performance Contracting Services
