Facility Energy Clause Samples
The Facility Energy clause defines the responsibilities and requirements related to the supply, use, and management of energy within a facility. It typically outlines which party is responsible for procuring energy, how energy costs are allocated, and may set standards for energy efficiency or reporting. For example, it might require the tenant to pay for all electricity used in the premises or mandate the installation of energy-saving equipment. The core function of this clause is to clarify obligations regarding energy consumption and costs, thereby preventing disputes and promoting efficient energy use within the facility.
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Facility Energy. Buyer shall pay Seller the Renewable Rate for each MWh of Product, as measured by the amount of Facility Energy, up to one hundred fifteen percent (115%) of the Expected Energy for each Contract Year.
Facility Energy. Except for Facility Energy resulting from a Non-Buyer Dispatch, Seller commits to make available the Facility Energy to Buyer, and Buyer shall have the exclusive rights to all Facility Energy, subject to the Operating Restrictions. Title to and risk of loss related to the Facility Energy shall pass and transfer from Seller to Buyer at the Delivery Point.
Facility Energy. Buyer shall pay Seller the Contract Price for each MWh of Product, as measured by the amount of Facility Energy, up to one hundred and five percent (105%) of the Expected Energy for each Contract Year.
Facility Energy. The Contract Price for the Products associated with all Facility Energy other than Test Energy and Excess Energy is $39.00 per MWh.
Facility Energy. Buyer shall pay Seller the Renewable Rate for each MWh of Adjusted Facility Energy plus Deemed Delivered Energy up to one hundred fifteen percent (115%) of the Expected Energy for each Contract Year. Annual Excess Energy. Notwithstanding the foregoing, if, at any point in any Contract Year, the amount of Facility Energy plus the amount of Deemed Delivered Energy exceeds one hundred fifteen percent (115%) of the Expected Energy for such Contract Year, the price to be paid for such additional Facility Energy amounts (but not Deemed Delivered Energy, for which no additional compensation shall be paid) shall be fifty percent (50%) of the Renewable Rate.
Facility Energy. Facility Energy" shall have the definition set forth in the Power Purchase Agreement.