Common use of Guaranteed Output and Refunds Clause in Contracts

Guaranteed Output and Refunds. (a) Subject to the conditions of this Section 8, Sunrun guarantees that the Solar Facility will either generate ninety-five percent (95%) of the Estimated Output during the Initial Term of this Lease (the "Guaranteed Output", set forth on Exhibit A) or Sunrun will issue a refund to you as described below. (b) On the anniversary of the In-Service Date of this Lease and on every anniversary thereafter, Sunrun will calculate the "Actual Output" of the Solar Facility. For the purposes of this Lease, "Actual Output" shall mean the amount of electric energy created by the Solar Facility to date plus any kWh for which you have previously received a refund. If the Actual Output is less than the Guaranteed Output for that anniversary date set forth on Exhibit A, Sunrun will issue you a refund. This refund will be calculated by subtracting the Actual Output for that anniversary date from the Guaranteed Output for that anniversary date, and multiplying the result by $0.13 per kWh.

Guaranteed Output and Refunds. (a) Subject to the conditions of this Section 8, Sunrun guarantees that the Solar Facility will either generate ninetyone-five hundred percent (95100%) of the Estimated Guaranteed Output during the Initial Term of this Lease (the "Guaranteed Output", set forth on Exhibit A) Agreement or Sunrun will issue you a refund to you as described below. [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. (b) On the anniversary of the In-Service Date of this Lease and on every anniversary thereafter, Sunrun will calculate the "Actual Output" of the Solar Facility. For the purposes of this LeaseAgreement, "Actual Output" shall mean the amount of electric energy created by the Solar Facility to date plus any kWh for which you have previously received a refund. If the Actual Output is less than the Guaranteed Output for that anniversary date set forth on Exhibit A, A. Sunrun will issue you a refund. This refund will be calculated by subtracting the Actual Output for that anniversary date from the Guaranteed Output for that anniversary date, and multiplying the result by $0.13 per kWh.the kWh rate for that anniversary date set forth in Exhibit A.